: Wilder focused on creating rules-based systems to remove human emotion and subjective interpretation from trading decisions.
: A momentum oscillator used to identify overbought (>70) or oversold (<30) conditions by measuring the speed and change of price movements. New Concepts in Technical Trading System
: A unique tool designed to quantify the strength of a trend rather than its direction, helping traders distinguish between trending and range-bound markets. : Wilder focused on creating rules-based systems to
: A volatility indicator that accounts for price gaps between periods. It is now a fundamental component of modern risk management and position sizing. New Concepts in Technical Trading System
: The introduction of ATR provided a mathematical way to adjust position sizes and stop-losses based on current market volatility. New Concepts in Technical Trading Systems - Amazon.in