HERE WE WANT TO GIVE YOU A SIMPLE EXPLANATION OF THE ELLIOT WAVE PATTERN. The most important thing is to get yourself familiar with the shape and steps of formation of this pattern. Ralph Nelson Elliot back in the 1930s developed this theory. Based on his theory, price movements are very predictable because a large […]
https://youtu.be/rTXNQ3Kk9XQ Sent from Mail for Windows 10 Williams %R or Williams Percent Range ✔This type of momentum indicator moves between 0 and -100 ✔Measures overbought and oversold levels. ✔The period typically sets to 14. I prefer 28 as it will reduce the noise. ✔The best results are in a range market in which you can […]
The Weighted Close indicator is calculated as below: Weighted Close Formula : ((Close x 2)+High+Low)/4 Signals: During an uptrend only go long when: the weighted close crosses to above the Moving Average. In a downtrend only go short when: the weighted close crosses to below the Moving average. https://youtu.be/NokifyOHj68
I normally do not use this indicator for signals. Instead, I am using this to recognise the trend as a confirmation for my signals. Rising values confirms the continuation of a trend. (Uptrend or downtrend) Falling values indicate a ranging market. High values: Potentially end of a trend. Low values: Maybe start of a trend. […]
