Glossary
Plain-language explanations of every term MyYakan shows — educational context, never trading advice.
Reading the analysis
Strategies
A group of classic trend and momentum indicators, each read descriptively for context — never as a trade signal.
How it works
Each indicator turns price and volume into a descriptive reading; MyYakan shows them side by side as context, while the published number stays the engine's.
Oscillators
Indicators that swing within a range (like RSI) to show when a move looks stretched — overbought or oversold.
How it works
Each maps a recent price relationship onto a bounded scale (often 0–100), so the extremes flag stretched moves the same way every time.
Momentum
How strongly price has been moving in one direction lately.
How it works
It compares price now to price a few bars back — the bigger and more one-sided the change, the stronger the momentum.
Candle chart
Candlestick shapes and key price levels (support/resistance, pivots, Fibonacci) read together as context.
How it works
Candlestick shapes are read together with horizontal levels drawn from prior highs, lows, pivots and Fibonacci ratios.
Volume
How much is trading, and where the flow is heading — used as context for a move's conviction.
How it works
It sums how much traded per bar and tracks whether the flow leans into or out of the move.
News
Recent headlines and scheduled events that could move the asset — shown as context, never as advice.
How it works
Recent items are grouped by how strongly they lean, and upcoming scheduled events are flagged — all as sourced, timestamped context.
Trend indicators
Moving-average cross (EMA)
Two moving averages of price — a fast one and a slow one. When the fast crosses the slow, it's read as a shift in the recent trend.
How it works
Each moving average smooths recent closes, giving more weight to newer bars. The 'cross' is the moment the shorter-period average moves above or below the longer one.
MACD
Tracks the momentum behind a move by comparing two moving averages; its histogram grows and shrinks with that momentum.
How it works
It subtracts a slow moving average from a fast one, then draws a 'signal' average of that difference; the histogram is the gap between them, which widens as momentum builds.
Trend strength (ADX/DMI)
Measures how STRONG a trend is — not its direction. A higher reading means a more decisive trend.
How it works
It measures the average size of directional moves over a period (usually 14 bars) and scales it; the value rises with trend strength whether up or down.
Ichimoku cloud
A 'cloud' drawn from averaged highs and lows. Price above the cloud is read as an up-context, below it as a down-context.
How it works
Several averaged high–low midpoints over different spans are plotted; two of them, shaded between, form the 'cloud' that frames price.
Supertrend
A line that sits below price in an up-context and above it in a down-context; a flip marks a change in the read.
How it works
It offsets a volatility band (from the ATR) above and below price; the active line flips side when price closes through it.
Parabolic SAR
Dots that trail price and flip to the other side when the short-term direction changes.
How it works
It steps a trailing stop-and-reverse dot closer to price each bar; when price reaches it, the dots flip to the other side.
Donchian channels
The highest high and lowest low over a period form a channel; price near the top is read as strength, near the bottom as weakness.
How it works
It plots the highest high and lowest low of the last N bars; the midpoint and edges frame where price sits in its recent range.
Oscillators
Relative strength (RSI)
A 0–100 gauge comparing recent up-moves to down-moves. Above about 70 is commonly described as overbought, below about 30 as oversold.
How it works
It averages the size of up-closes against down-closes over a period (usually 14 bars) and scales the result to 0–100. A high reading means up-moves have dominated lately.
Stochastic
Compares the close to the recent high–low range on a 0–100 scale; high is read as overbought, low as oversold.
How it works
It places the latest close within the highest-high to lowest-low range of recent bars as a 0–100 percentage; two smoothed lines (%K and %D) are compared.
Commodity channel index (CCI)
Measures how far price has stretched from its average; large positive or negative readings are described as stretched.
How it works
It measures the distance between price and its recent average, divided by the average distance — so unusually stretched moves stand out.
Williams %R
A −100–0 gauge of where the close sits in the recent range; near 0 is read as overbought, near −100 as oversold.
How it works
Like the stochastic but inverted, on a −100–0 scale: it shows where the close sits inside the recent high–low range.
Money flow (MFI)
Like RSI but weighted by volume — a 0–100 gauge of buying versus selling pressure.
How it works
It's an RSI that also weighs each bar by its volume, so pressure backed by heavier trading counts for more, on a 0–100 scale.
Rate of change (ROC)
The percent change in price over a set number of bars — simply how fast price is moving.
How it works
It divides the current price by the price N bars ago and expresses the change as a percentage.
Candles & price levels
Candlestick patterns
Shapes formed by one or a few candles (like a hammer or an engulfing) that hint at a pause or shift — context, not a prediction.
How it works
Each pattern is defined by the size and position of one or a few candles' bodies and wicks — a hammer, a doji, an engulfing — matched by simple rules.
Support & resistance
Price levels where moves have repeatedly paused; a clear break past one is read as meaningful.
How it works
Recent swing highs and lows that price revisited are collected as levels; nearness to one, or a clear close beyond it, drives the read.
Session VWAP
The volume-weighted average price for the session; price above it is read as an up-context for the day.
How it works
Each bar's typical price is multiplied by its volume; the running total divided by total volume gives the session's volume-weighted average.
Pivot points
Reference levels calculated from the prior period's high, low and close, used to frame the day's range.
How it works
The central pivot is the average of the prior high, low and close; supports and resistances are simple offsets above and below it.
Fibonacci retracement
Levels drawn from a prior move (like 38.2% or 61.8%) that often mark where a pullback pauses.
How it works
A prior swing is divided by ratios (23.6%, 38.2%, 50%, 61.8%…); those price levels are watched as places a pullback may pause.
Chart patterns
Larger shapes across many candles (like a triangle or a double top) that describe the market's structure — context, not a prediction.
How it works
Sequences of swing highs and lows are matched to named shapes — triangles, double tops, flags — by their geometry across many bars.
Trendline breaks
When price crosses a line drawn along recent highs or lows — read as a possible change in trend.
How it works
A straight line is fitted along recent highs or lows; a close on the other side of it counts as a break.
Volatility & volume context
Bollinger band width
How wide the price bands are — narrow means quiet, wide means volatile. A context reading, not a direction.
How it works
Bands are set a couple of standard deviations above and below a moving average; their width (how far apart) measures volatility.
Volatility regime (ATR)
How large the recent bar-to-bar moves are versus this asset's own history — a calm-versus-volatile context.
How it works
The Average True Range measures a typical bar's size; comparing it to the asset's own history places today as calm or volatile.
Relative volume
How today's trading volume compares to normal — low, normal, or a surge.
How it works
Today's volume so far is divided by the average volume at the same point on prior days.
Plain-language explanations of every term MyYakan shows — educational context, never trading advice.