Posts Tagged ‘indicator’

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Best Volume Indicator for Forex

In this video, you will learn about the volume indicator for day trading in forex. Since there is no central exchange, there is no volume information available for forex traders. However, the volume information that is available is the tick volume. However, your forex broker can have a record of information like the long and short entries. So, you can make use of the on balance volume indicator. When […]

How to Use the RSI: Forex Trading for Beginners

In this video, you will learn about the Relative Strength Index indicator, and how to use it in forex trading. This is a very popular indicator among forex traders. You can observe overbought and oversold conditions in the forex market. You can also obtain reversal points using divergence. It oscillates between 0 to 100 level. Below 30 is considered oversold and above 70 is considered overbought. […]

Moving Average Crossover Strategy: Does It Work?

In this video, you will learn about the moving average crossover strategy. This is a simple strategy to start with. This is popular among most forex traders. This strategy uses a 50-period moving average, also called as fast moving average and a 200-period moving average, also called as slow moving average. When the fast MA crosses above the slow MA, then it is a buy signal. When […]

The Power and Accuracy of Pitchforks

In this video, you will learn about the power and accuracy of the pitchfork indicator. For example, look at the USD/JPY daily chart. Looking at the price action, you have the market forming a low, a high, and followed by another lower low. So, you have three alternating market extremes. Now you can add two pitchforks to these price extremes, a standard pitchfork, and a modified pitchfork. Price touches the middle line of the first pitchfork and then […]

Quintuple Intersection with Pitchforks & More

In this video, you will learn a forex trading strategy of how to find multiple intersections in a price chart You will look at the rare quintuple intersection in the EUR/NZD daily chart In order to do so, you must be able to do price action analysis. The first step in this technique starts by drawing a turning point line. You can find the upper and lower limits of supply and demand zones using these lines. […]

Simple Forex Strategy using Bollinger Bands!

In this video, you will learn a forex trading strategy using Bollinger Bands. Bollinger Bands is an excellent indicator for measuring the volatility of the market. The bands expand when volatility increases and bands shrink when the volatility decreases. Whenever the price stretches beyond the upper band, it retraces back inside the band. Similarly, when the price stretches below the lower band, it has a tendency to go back towards the middle band. […]

How to Trade Moving Averages Crossovers

In this video, you will learn about how to trade using the moving average crossover in forex trading. With this strategy, you will be using 100-period and 200-period moving averages. These two moving averages are most commonly used by many traders. When you take trades using technical analysis, it is good to substantiate them using fundamental analysis. For example, positive headlines on Brexit can […]

How to Use Bollinger Bands in Forex | Bollinger Bands Tutorial

In this video, you will learn about Bollinger Bands, and how you can use them in your forex trading. This indicator was invented by John Bollinger. This indicator consists of an upper band, lower band, and the middle line, which is a simple moving average. The default setting of this moving average is 20. This indicator helps you gauge volatility in the market. When the bands expand, it indicates […]

How to Combine Best Indicators MT4 for Profitable Trading?

In this video, you will learn about the various types of indicators, and how you can combine them for your trading strategy. Indicators are the most important tools in technical analysis. You can identify market conditions like whether it is trending or ranging. You can also determine overbought and oversold conditions. You can also predict reversals using leading indicators. You can identify an uptrend or downtrend […]

How to Use Envelopes on MT4 — Forex and Binary Options Trading

In this video, you will learn about how to use the envelope indicator on the MetaTrader platform. This indicator is made of two simple moving averages, one of them is shifted upwards, and the other one is shifted downwards, creating a channel that envelopes price. This is a trend trading indicator. When price touches the upper or lower boundary, it indicates an extreme condition. You can increase or decrease the deviation […]