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| ==== Confirmation ==== | ==== Confirmation ==== | ||
| A subsequent signal that validates a position stance. Traders and investors sometimes look for more than one signal or require validation before acting. For example, confirmation of a trend change may entail an advance past the previous reaction high. For an indicator such as MACD, confirmation of a divergence may be a subsequent moving average crossover. | A subsequent signal that validates a position stance. Traders and investors sometimes look for more than one signal or require validation before acting. For example, confirmation of a trend change may entail an advance past the previous reaction high. For an indicator such as MACD, confirmation of a divergence may be a subsequent moving average crossover. | ||
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| + | ==== ConnorsRSI ==== | ||
| + | ConnorsRSI is a momentum oscillator developed by Larry Connors and the team at Connors Research. It's used for identifying overbought/oversold conditions in shorter trading timeframes. ConnorsRSI combines the momentum measurement of RSI with components that measure the duration of the trend and the magnitude of the price change, to create a more reliable short-term RSI indicator. See our ChartSchool article on [[:technical_indicators:connorsrsi|ConnorsRSI]]. | ||
| ==== Contingent Deferred Sales Charge (CDSC) ==== | ==== Contingent Deferred Sales Charge (CDSC) ==== | ||