Hello! Not so long ago on our site you could get acquainted with a very famous trading system of the equally famous trader Bill Williams Profitunity. To work on this system, the author created several indicators, and one of them has a very intriguing title - Bill Williams' Miraculous Oscillator (AO).
Greetings, friends! Professional traders believe that the MFI (Money Flow Index) indicator is among the ten most popular technical analysis tools. This statement is based on the fact that MFI, by its nature, is quite indicative in calculating the flow of finances invested in a particular asset.
Good afternoon, dear forex traders! Why are prices rising or falling? Due to the imbalance of purchases and sales in the market. But what if we calculate in percentage terms: how many bulls we had, and how many bears on each individual candle? Such a non-standard approach was taken by the developers of the Candle Meter MA indicator, which helps to see the strength of the market and the changes in the balance preponderance towards buyers or sellers.
We all know that the trend is our friend. And therefore, the sooner you can successfully determine the trend, the more profit you can extract from it. There are many different ways to determine the origin of a new trend. But we must proceed from the fact that price is the last element that changes.
Traders, as a rule, can quite well find the logical levels of entry into the market. Perhaps this is because they are seriously concentrating precisely on this aspect of trade. However, when and where to step out of position is often for many a more difficult issue. Many people want to give their position a little space for work at the beginning of a potential trend, but when the trend movement seems to stop or begin to run out of steam, it would be nice to get an effective signal for a quick exit in order to maintain the maximum profit.
Among all the indicators used for technical analysis of the market, Momentum is at the same time one of the most popular and simple. It shows the average rate of price change over a selected period of time. At its core, Momentum is a leading indicator in relation to the current market movement.
Harmonic patterns are periodically occurring geometric figures identified during a graphical analysis of instrument quotes, built on trend lines of price movements in sizes taken from Fibonacci ratios. The main advantage of these models is the prediction of the future direction and depth of the trend, the scalability of the signal over all time periods (time frames).
Divergence is one of the most powerful signals of technical analysis, however, its manual search takes a lot of time. Not all forex traders have the opportunity to constantly be at the computer, tracking indicators. Moreover, some beginners quite rightly do not trust their ability to correctly recognize these signals.
There are many custom indicators for Forex, ranging from the simplest, slightly improved versions of standard tools like Stochastic or RSI, and ending with complex systems, the algorithm of which not every programmer will understand. However, in all this diversity there are not so many tools that analyze not the price chart, but already completed transactions by the trader.
Most of the time, the market does not move anywhere. Only 15-30% of the whole time it forms some kind of trend, and many traders derive almost all of their profits from these trend movements. Everyone knows that the best trading system is one that avoids a double interpretation of signals, that is, the simplest.
Many Forex players have tried and are trying to find a win-win trading system. But for those who are familiar with game theory, it is obvious that absolutely no win-win options for working in the financial markets do not exist. You can only try to reduce the risks on the one hand, and on the other hand, increase the amount of winnings or the percentage of profitable transactions.
Hello friends forex traders! The Keltner channel is an envelope of moving averages formed around the EMA and tied to the volatility of the instrument. This indicator is very similar to Bollinger Bands, which uses standard deviation to change the channel width. Instead of the standard deviation, the Keltner Channel uses the indicator Average True Range, or ATR (Average True Range).
Good afternoon, ladies and gentlemen, Forex traders! Today we will consider one very interesting strategy based on a temporary pattern. We will trade with the money of Europeans, analyzing the trade of Asian traders. The task will be facilitated by the auxiliary indicator ERXGen Filter, which implements most of the calculations for the TS.
The world of trading and technical analysis is constantly developing new ways and methods of market research and creating new techniques and indicators. Alexander Elder developed the technical indicator Force Index (FRC) and today it will be about him. This indicator measures the strength of the bulls at each rise and the strength of the bears at each decline.
One of the important conditions for successful trading is the analysis of the chart, however, many traders are faced with a problem - sometimes small fluctuations in prices distract attention and can lead to errors in the analysis. In order to get clear information about significant changes and major trends - use the ZigZag indicator.
Good afternoon friends! Support and resistance levels are a great technical analysis tool. However, it is sometimes difficult to determine whether a breakdown really occurred, or if the price is simply testing the level. The Mean Reversion indicator helps in identifying false breakdowns, increasing the quality of the analysis.
Good afternoon, friends forex traders! As you know, the price is formed by the level of supply and demand. Actually, the goal of any speculative operation is to forecast changes in the supply and demand in the near future. That is, our task is to find the very turning points of the price, where the number of sellers begins to prevail over the number of buyers, or vice versa.
Good afternoon, friends forex traders! When you are looking for one of the key indicators for your trading system, you probably should turn to the experience of several generations of successful traders. The indicators that they use really work and really make a profit - this can easily be verified by their growing capital.
Greetings, friends traders! The Inner Bar model is one of the fundamental Price Action models whose performance has been tested for decades. But, despite the simplicity of the setup, the search for a well-formed model requires that the trader pay attention and perseverance, which, by definition, is exhaustible.
Hello! In one of the previous articles, we already got acquainted with such an indicator as moving averages. We also analyzed one of the representatives of channel indicators, namely Bollinger Bands. These indicators are deservedly very popular among traders in financial markets. They are included in a huge number of trading systems and brought more than a dozen percent of profits.