In forex trading, the formed price actually follows the buy-sell mechanism in the market. Therefore, there are certain levels that are indirectly agreed upon by traders as a price reversal point, ie when the selling power weakens (while the purchasing power strengthens) or when the purchasing power weakens (while the selling power strengthens). These price …
ATR Indicator (Average True Range) developed by Wilder, gives traders an overview of the volatility history in order to prepare for trading in the real forex market. Currency pairs that get a lower ATR reading show a low market volatility, while currency pairs with higher ATR indicator readings require proper trade adjustment in accordance with …
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Fractals Indicator – an indicator introduced by Bill Williams. Simple and versatile, fractals can be used as a stand-alone indicator or in combination with other Forex indicators Bill Williams also gives us his approach to using fractals in trading, which we are going to highlight here as well. But before that, let’s touch The basics …
Harmonic Patterns (XABCD Pattern) drawing tool allows analysts created by Harold McKinley Gartley to highlight various five point chart patterns. Users can manually draw and maneuver the five separate points (XABCD). The XABCD points create four separate legs which combine to form chart patterns. The four legs are referred to as XA, AB, BC, and …
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Awesome Oscillator Definition Awesome Oscillator (AO) is a momentum indicator reflecting the precise changes in the market driving force which helps to identify the trend’s strength up to the points of formation and reversal. How to Use Awesome Oscillator Indicator in Forex Trading There are three main signals which may be seen: Saucer – three …
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AC Oscillator Definition Acceleration/Deceleration (AC) technical indicator signals the acceleration or deceleration of the current market driving force. How to Use Acceleration/Deceleration The indicator is fluctuating around a median 0.00 (zero) level which corresponds to a relative balance of the market driving force with the acceleration. Positive values signal a growing bullish trend, while negative …
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Accumulation/Distribution is a volume-based technical analysis indicator designed to reflect cumulative inflows and outflows of money for an asset by comparing close prices with highs and lows and weighting the relation by trading volumes. How to Use Accumulation/Distribution The Accumulation/Distribution line is used for trend confirmation or possible turning points identification purposes. Trend confirmation: An …
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