V.9:1 (9-11): Trend Exhaustion Index by Clifford L. Creel, Ph.D.

V.9:1 (9-11): Trend Exhaustion Index by Clifford L. Creel, Ph.D.
Item# \V09\C01\TRENDEX.PDF
Availability: In Stock

Product Description

When a price trend changes direction, it is sometimes difficult to predict whether that change is just a small correction or the start of a major trend change. I use a simple indicator, which I call the trend exhaustion index (TEI), to help interpret such trend changes.

TEI gives an indication of change in market direction. It is not infallible, but after using it for the past year, I have learned to appreciate it as part of my technical toolbox. It is especially useful in giving exit signals prior to major market declines.

The index is constructed by dividing the New York Stock Exchange (NYSE) new highs by the NYSE advances each day and plotting a 10 day exponential moving average of this value. The formula is thus:


*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order