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Stock Charts
Chart Patterns
Technical Indicators
Chartists
- Ralph Elliott
- J. Welles Wilder
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Technical Analysts

Technical Analyst: Ralph N. Elliott

Elliott Wave Theory

Ralph Elliott was a qualified accountant who discovered the underlying wave pattern, known today as the Elliott Wave Principle that belies the price movement in the stock markets, the commodities markets and the forex markets.

In Elliott Wave Theory, the market price traces a fairly rigid, cyclic pattern that is constituted by an impulse phase that typically consists of a five-wave structure and a corrective phase that typically consists of a three wave structure. A five wave impulsive phase and a three wave corrective phase forms a complete cycle. However, these waves can have extensions. Elliott has a number of guidelines that govern these extensions. Elliot has also developed other ...

Technical Analyst: J. Welles Wilder, Jr.

Welles Wilder's RSI

John Welles Wilder, Jr., developed a keen interest in the stock markets in the 1970. Approaching the stock market from an engineering perspective, Wilder set about trying to identify mathematical models that could be used profitably to trade what appeared to be random price movements.

Wilder's studies let him to discover a number of mathematical models on which much of modern-day technical analysis is based. These mathematical models included technical indicators such as the RSI, Parabolic SAR, and DMI, which have became some of the most significant indicators in use today. Wilder supplemented this work with ...