MFI is a momentum indicator. It measures the flow of money. Money Flow Indicator incorporates volume. (Remember that RSI only consider the price) You can change the preset values. Oversold levels normally set to 20. ( Less than 20, there will be fewer signals and more than 20 you will get more false signals ) […]
We have different momentum indicators: MACD, RSI, Stochastics Role of thumb: A new high in momentum ▶ expect a high in price A new low in momentum ▶ expect a low in price Diversion: new higher high in price but lower high in indicator ▶ expect a strong retrace in price Momentum Indicator
A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0. This indicator can be used to measure the strength or weakness and direction of the […]
Recognise the volatile market. Figure out the trend direction. Open your new positions. HML indicator simply plots the difference between high and low. High readings mean we are in a trendy market. Low readings mean we are moving sideways in a range. My strategy: ✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator) ✔High reading […]
Yesterdays Corney’s speech wasn’t that much interesting. Today we have 2 important events happening for GBP and one for EUR.Let’s see if these events can influence the GBP and EUR pairs. At 15:30(GMT+8)📢 EUR ECB President Draghi Speaks in Frankfurt.We can expect High volatility after Draghi’s speech At 16:30(GMT+8)👀 GBP Consumer Price Index (YoY) (APR) […]
