This indicator is only suitable for trading strong trends. Method 1 by itself: Go long if the LRF turns up, or exit a short trade. Oppositely, go short (or exit a long trade) if the Indicator turns down. Method 2: Combine this with a moving average with a similar period and open a new trade […]
✔ Trading strategy in trendy market: Up trend: Buy every time price closes above the upper band. Down trend: Sell every time price closes below the lower band ✔ Trading strategy in sideways: Buy when price goes below the lower band and retraces back into the channel. sell when price goes above the upper band […]
The Intraday Momentum Index (IMI) combines candlestick analysis with the RSI.It takes into account the open and close price over the course of the day.Technical analysts can use the IMI to find overbought or oversold conditions.Please consider the following:✔There will be more false signals in volatile markets and market collapse.✔Use SLs✔This is good to add […]
✔Lines: The Leading Span A and Leading Span B creating the cloud. The Leading Span A is the average of the Conversion Line and the Base Line. ✔Trend identifying: The trend is up when prices are above the cloud, The trend is down when prices are below the cloud.No trend when prices are in the […]
Volatile market! This indicator can be used to determine the volatility of the market. When the HV is higher than the average, it means that the price is fluctuating more frequently than normal. In such an uncertain market it is wise to change your strategy or to stay away from trading. The big HV numbers […]
