Engineering Alpha

Engineering Alpha

The Elder Ray Index for Trading

Coding the Elder Ray Index in Python

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Jan 28, 2023
∙ Paid

Trend following requires understanding the current market state in order to be on the right side. This article discusses the Elder Ray index, a popular trend following technical indicator.

I have released a new book after the success of my previous one “Trend Following Strategies in Python”. It features advanced contrarian indicators and strategies with …

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