J. Welles Wilder
Encyclopedia
J. Welles Wilder Jr. is an American mechanical engineer, best known for his work in technical analysis
. Wilder is the father of several technical indicators that are now considered to be core indicators in technical analysis software. These include Average True Range
, the Relative Strength Index
(RSI), Average Directional Index
, and the Parabolic SAR
.
Technical analysis
In finance, technical analysis is security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis incorporate technical analysis, which being an aspect of active management stands...
. Wilder is the father of several technical indicators that are now considered to be core indicators in technical analysis software. These include Average True Range
Average True Range
Average True Range is a technical analysis volatility indicator originally developed by J. Welles Wilder, Jr. for commodities. The indicator does not provide an indication of price trend, simply the degree of price volatility....
, the Relative Strength Index
Relative strength index
The Relative Strength Index is a technical indicator used in the technical analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period...
(RSI), Average Directional Index
Average Directional Index
The Average Directional Index was developed in 1978 by J. Welles Wilder as an indicator of trend strength in a series of prices of a financial instrument...
, and the Parabolic SAR
Parabolic SAR
In the field of technical analysis, Parabolic SAR is a method devised by J. Welles Wilder, Jr., to find trends in market prices or securities...
.