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.

  1. Hybrid Indicator

    A technical indicator that combines core elements of chart analysis ...
  2. Technical Analysis of Stocks and ...

    The academic study of historical chart patterns and trends of ...
  3. Bollinger Band®

    A band plotted two standard deviations away from a simple moving ...
  4. Head And Shoulders Pattern

    A technical analysis term used to describe a chart formation ...
  5. Technical Indicator

    Any class of metrics whose value is derived from generic price ...
  6. Pattern

    In technical analysis, the distinctive formation created by the ...
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