The Average True Range (ATR) is useful in measuring the strength of a trend. For example, if the market’s price makes a big move or reversal, either Bullish or Bearish, there will be an increase in volatility which leads the ATR to rise. We can also use ATR to set Stop loss on a trade, […]
A surge in BTC price may happen if the following items confirmed as per the Encyclopedia of Chart Patterns. 1) A massive vertical sell-off while the price is in a downtrend 2) A bottoming pattern 3) A rally past the downtrend line formed in 1) 4) a bounceback to the trendline which leads to a […]
The Aroon Oscillator is a good indicator to follow the trends. It uses the Aroon Up and Aroon Down from Aroon indicator to calculate the strength of a current trend and the likelihood of its continuation. Link to the video, please click here.
The Aroon indicator has two lines. the Aroon up measures the number of periods since a High, and the Aroon down measures the number of periods since a Low. This is a trend recognition indicator. The indicator is traditionally applied to 25 periods of data, however, I use different periods on different time frames. The […]
Alligator indicator was introduced by Bill Williams. Its components are three lines, drawn on a pricing chart, which represent the jaw, the teeth and the lips of the alligator, it is good for trend recognition and trading signals. I sometimes use it to recognise the wave formations. When the three lines are close to each […]
