Unique Indicator

DEFINITION of 'Unique Indicator'

A technical indicator that can be developed using only core elements of chart analysis, such as patterns and mathematical functions. Unique indicators are one of the two main types of technical indicators, the other being hybrid indicators.

BREAKING DOWN 'Unique Indicator'

Examples of unique indicators based on chart patterns include basic ones, such as triangles and head-and-shoulders, to more complex patterns such as Elliott Waves. Unique indicators based on mathematical functions include moving averages, Bollinger Bands® and various oscillators.

RELATED TERMS
  1. Hybrid Indicator

    A technical indicator that combines core elements of chart analysis ...
  2. Technical Indicator

    Any class of metrics whose value is derived from generic price ...
  3. Indicator

    Indicators are statistics used to measure current conditions ...
  4. Pattern

    In technical analysis, the distinctive formation created by the ...
  5. Confirmation On A Chart

    An indicator or chart pattern that provides evidence that the ...
  6. Mat Hold Pattern

    A pattern found in the technical analysis of stocks that ultimately ...
Related Articles
  1. Trading

    How To Build A Trading Indicator

    Wondering how people like Elliott and Gann built their famous trading tools? Learn the basics of constructing an indicator.
  2. Managing Wealth

    Using Technical Indicators To Develop Trading Strategies

    Unfortunately, there is no perfect investment strategy that will guarantee success, but you can find the indicators and strategies that will work best for your position.
  3. Trading

    Exploring Oscillators and Indicators: Leading And Lagging Indicators

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com Indicators can be separated into two main types - leading and lagging - both differing in what they show users. Leading ...
  4. Personal Finance

    Exploring Oscillators and Indicators

    Find out how to use these technical analysis building blocks.
  5. Trading

    Exploring Oscillators and Indicators: Introduction

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com Technical analysis is broken into two main categories, chart patterns and indicators. Indicators are essentially calculations ...
  6. Trading

    Introduction to Types of Trading: Technical Traders

    Learn about the different traders and explore in detail the broader approach that looks to the past to predict the future.
  7. Trading

    Using Trading Indicators Effectively

    Select multiple indicators, avoid information overload and optimize indicators to effectively use technical analysis tools.
  8. Trading

    How to Use Trading Indicators Effectively

    Careful and effective use of technical indicators can improve your odds of finding an investment’s best entry and exit points.
  9. Trading

    Exploring Oscillators and Indicators: Conclusion

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com The goal of every short-term trader is to determine the direction of a given asset's momentum and to attempt to profit from ...
  10. Trading

    The Top Technical Indicators For Options Trading

    Options traders have to pay attention to more indicators than your average stock trader does, including volatility, direction, and duration.
RELATED FAQS
  1. How do I start using technical analysis?

    Technical analysis is a method of analyzing securities by evaluating current and historical price and/or volume activity. ... Read Answer >>
  2. What is the difference between market indicators and economic indicators?

    Read about the differences between technical market indicators and general economic indicators, and learn how traders and ... Read Answer >>
  3. What are the best technical indicators to complement the Ultimate Oscillator?

    Learn about the technical indicators traders use to complement trading with the Ultimate Oscillator indicator, including ... Read Answer >>
  4. When and why are technical indicators useful?

    Discover what technical indicators are, when they are useful and how their specific design limits their meaningfulness to ... Read Answer >>
  5. What are the most common market indicators experienced traders follow?

    Take a look at some of the most popular market indicators used by technical analysts, including the advance/decline line ... Read Answer >>
  6. What are leading, lagging and coincident indicators? What are they for?

    An indicator is anything that can be used to predict future financial or economic trends. For example, the social and economic ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center