Parabolic SAR indicator in trading involves the following signals: PSAR’s dot above the price -> Downtrend. PSAR’s dot below the price -> Uptrend. Details Parabolic SAR indicator is trend indicator, which describes to forex trader about stop price point , price reverse and trend direction. This concept of its use is easy to understand. Parabolic SAR […]
Moving Average indicator (MA) is one of the most common indicators used in forex trading. This indicator is easy to set up and easy to interpret. Speaking simply, the Moving Average measures only the moving average price over a period of time. It smooths out the price data, allowing to see market trends. How to Implement Moving […]
Summary MACD indicator can be used for trading with the following signals: MACD lines are truncated – changing trends The MACD historical line is above zero – Market bullish (uptrend), if below – bearish (downtrend). The MACD Histogram line flips over zero – a confirmation of a force of a current trend. The MACD histogram […]
Trading with ADX indicator involves the following signals: ADX indicator can be used with the following rules: ADX staying below 20 level — there is no trend or the trend is weak. ADX moving above 20 level — trend is strong. ADX passing 40 level — trend is extreme. ADX value rising — trend is […]
Heiken ashi candlesticks , some call it Heikin Ashi Candlesticks. Heiken-ashi candlesticks provides an interpretation of market trends in a neat and descriptive way. Candlesticks have been introduced to the Western world by Steve Nison. His book, “Japanese Candlestick Charting Techniques” presented a new approach to technical analysis. The Japanese approach. History tells us candlestick charts […]
Gator Oscillator indicator helps to visualise the periods when Alligator Indicator lines widen or narrow down. Gator Oscillator indicator created by Bill williams. In order to add Alligator indicator to Metatrader 4 chart: Go to the upper platform Menu: Insert -> Indicators -> Bill Williams -> Gator Oscillator. How to trade with Gator Oscillator Indicator The Gator Oscillator histogram […]
ADL Quick Summary Advance Decline Line Indicator involves the following signals: Advance Decline Line Indicator is rising and so does the price — uptrend is healthy. ADL is falling and so does the price — downtrend is healthy. Divergence between ADL and price – changes/pauses in the trend should be expected. Advance Decline Line indicator […]
“The Market Facilitation Index (MFI) is a measure of the market’s willingness to move the price. I cannot overemphasize the value of this indicator. It is a more truthful measure of market action than any stochastic, RSI (Relative Strength Index) or other momentum indicator.” Bill Williams In his book “Trading Chaos” Bill Williams introduces a […]
Alligator indicator consists of 3 indicators Moving Average: Alligator’s jaw (blue line) is the Simple Moving Average period of 13, from (High + Low) / 2, and will move forward 8 chart lines; Alligator teeth (red line) is Simple Moving Average period 8, from (High + Low) / 2, and will move 5 bar chart […]