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
The Lowest Low-Value indicator plots the lowest low price over a specific period. Previously on my another video called “Highest High Value Indicator (HHV)” I explained how we can combine HHV with MA. (Link is provided below) On this video, I am explaining how to use both LLV and HHV indicators combined with ATR to […]
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 […]
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 […]
Highest high value is the highest value of the market during the selected period. Highest High Value = Maximum (High) of n−periods Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from […]
The Donchian channel is a trend-following indicator. ✔It is wise to use this in conjunction with another trend indicator like ATR or simply 2 moving averages.✔Only trade in the direction of the trend.✔The Donchian channel measures the high and the low of a previously defined range – typically of the past 20 candles. (You can […]
The Accumulative Swing Index (ASI) is a trendline indicator. Also, we can use it for very good trading entry signals using its high, low and 0 line prices. Before adopting any indicator, please check to see how accurate this indicator been on the specific market that you want to trade on as each market work […]
Hi Here is a video in my youtube channel. Trading in a sideways markets can be easy and interesting. https://youtu.be/1cmvv021ALg
If you are a Forex trader, you probably made some choices that you regretted after. You can probably think of many examples when your thoughts or your emotions got in the way of your trading performance.Imagine these situations: You closed a position in loss and the price direction changed after. You see a movement in price […]
