Forex indicators are a mathematical calculation of past price movements on the market. Using calculations from the previous price they are trying to predict future price movement.
Relative Strength Index (RSI) Summary It was built by renowned J.Welles Wilder, a former mechanical engineer who later became a technical analyst. The Relative Strength Index (RSI) is a widely recognized and generally used momentum oscillator. RSI determines the price momentum of a stock or other investment products. The RSI’s central objective is to detect …
Relative Strength Index (RSI) – A Beginner’s Guide Read More »
Prices of international currencies fluctuate in response to a broad range of events that affect both the circumstances in a particular country and the global economy. It indicates that social, economic, and political factors impact the supply and demand for a currency pair. Therefore, forex traders can execute profitable trades if they understand what influences …
A simple moving average, or SMA is one of the straightforward technical indicators to understand, calculate and use. A moving average is the average of data points (usually prices) over a period of time. Why is it named “moving”? It is due to each data point being calculated using the previous X data periods. A …
Stochastic Oscillator Traders frequently utilize momentum indicators to forecast market conditions and movements. Not all indicators, however, are appropriate in all market conditions. The technical indicator that aids traders in evaluating the potential end of a trend is the stochastic oscillator. In the 1950s, George Lane developed this basic momentum oscillator. The stochastic oscillator tracks the …
What is a CCI? The CCI is a short form for the Commodity Channel Index. This indicator’s results are based on the momentum oscillator. This indicator was established by Donald Lambert and its main purpose is to know when a trade is overbought or oversold. This indicator uses the trend strength, and price trend direction to …
Last High Low for Stop and Loss is technical indicator. Originally build for deciding which levels use after you make decision to enter the trade. Simplified, you have strategy which tells you where to enter the trade and where to take profit but you are struggling with stop loss level. This indicator is going to …
The Market Session GMT indicator is custom technical indicator which helps traders to identify the market session. Anyone involved in day trading will find indicator helpful. It is great for various strategies and indicators based on volatility, momentum, trends, volume etc. How the Market Session GMT Indicator Works? Traditionally, the market is separated into three …
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