Posts Tagged ‘indicator’

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How to Prevent Losing Trades — Average True Range (ATR) Explained

In this video, you will learn a forex trading strategy of how to prevent losing trades using the average true range indicator. This strategy acts like a trading filter to prevent you from trading under certain market conditions, when your target for the day exceeds the reading in the ATR indicator. This indicator measures the market volatility and provides you the expected movement for the market for a particular timeframe over a period of time. The default […]

Bollinger Bands — Explained in a Simple Way

In this video, you will learn about the Bollinger Bands indicator. This indicator was developed by John Bollinger. This is an indicator, which is extremely popular among forex traders. You can use this indicator to gauge volatility in the market, identify ranges, and look for a breakout. This indicator consists of two outer bands and a middle band. The default value for the middle band is 20 on your MetaTrader platform. It […]

Awesome Oscillator Explained Simply and Understandably: Is It Better than the MACD Histogram?

In this video, you will learn about the awesome oscillator. This indicator was invented by Bill Williams and it is a momentum indicator,. It looks similar to a MACD histogram, but consists of green and red bars. A green bar appears on the indicator when the value of the current candlestick is higher than the previous one. A red bar appears on the indicator, when the value of the current candlestick is lower than the previous one. The momentum […]

Introduction to the Elder Ray Indicator

In this video, you will learn about the Elder Ray indicator. This indicator was invented by Alexander Elder. He also invented the Force Index indicator and the triple screen trading system. This indicator is used to gauge the buying and selling strength in the market. This indicator consists of two lines, bull power, and the bear power. The bull power is calculated by considering the highest price and subtracting is value with the EMA. […]

More Andrews Pitchfork Magic

In this video, you will understand about running flow in the market using the pitchfork indicator. They are quite easy to trade using the pitchfork indicator, when price tends to respect the boundaries of the fork. For example, look at this chart. As you can see, price respects the upper line of the fork, which acts like resistance. As the price hits the center line, the market forms a fractal candlestick. Now, updating the fork, you can […]

Oscillator Indicators: Beginner Tips

This video is for beginners in forex trading. You will learn about the importance of oscillators in forex trading. Oscillators should not be seen as a holy grail in trading. For example, look at this simple line chart. You have the oscillator window at the bottom. Two lines are drawn, one at 70%, and the other one at 30%. Below 30% is oversold and above 70% is overbought. So, traders will attempt to buy […]

Introduction to the Alligator Indicator

In this video, you will learn about the alligator indicator. This is a trend trading indicator. It consists of three moving averages. This indicator was invented by Bill Williams. These moving averages are also called as balanced lines. The first balanced line is called as jaw, the second one is called as the lips of the alligator, and the third line is called as the teeth. You can identify trending conditions in the market […]

How to Trade the Stochastic Indicator Like a Forex Trading

In this video, you will learn about the stochastic oscillator, and how to trade using this indicator in forex trading. The stochastic oscillator is a momentum indicator. It indicates overbought and oversold conditions in the market. You can use this indicator to find out the shifts in momentum. The stochastic shows a reading from 0 to 100. A reading above 80 is considered as overbought and below 20 is considered as oversold. The %k is the fast […]

Predicting Price Reversals with the Andrews Pitchfork

In this video, you will learn about predicting price reversals with the Andrews Pitchfork indicator and circular decomposition. For example, look at the chart. It involves three different techniques applied in combination. It consists of circular decomposition, standard pitchfork, and frequency shifting, which is connected with the pitchfork. You need to apply these three techniques to explore the hidden geometry of the market. By doing this, you can find out the way […]

Secrets of the Andrews Pitchfork

In this video, you will look at the Andrews Pitchfork indicator, and how it works as an excellent tool for reading price action on the chart. Alan Andrews, a physics professor in MIT, invented this indicator. This indicator explains the mathematical structure of a raw chart. You need to understand the mathematical nature of price, so that you can apply your price action analysis for the chart. Pitchforks serve to explain the underlying mathematical nature of price. […]