Stock Market Sorcery: The Wizards Behind Your Favorite Technical Indicators
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List of key technical indicators used in the stock market, along with their inventors and a brief description: Early 20th Century 1. Dow Theory - Charles Dow - A framework for market analysis based on market trends and averages. 2. Point and Figure Charting - Charles Dow - A technique to identify price patterns without considering time. 1940s-1950s 3. Elliott Wave Theory - Ralph Nelson Elliott - Predicts market movements based on wave patterns. 4. Stochastic Oscillator - George Lane (1950s) - Compares closing prices to a range over a period to predict price turning points. 1960s-1970s 5. On-Balance Volume (OBV) - Joseph Granville (1963) - Uses volume flow to predict changes in stock price. 6. Accumulation/Distribution Line (ADL) - Marc Chaikin (1970s) - Measures the cumulative flow of money into and out of a security. 7. Relative Strength Index (RSI) - J. Welles Wilder (1978) - Identifies overbought or oversold conditions by measuring the speed and change of price