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What is US dollar index (DXY)? Dollar Index History DXY began in March 1973, shortly after the Bretton Woods system collapsed. Initially, the value of the US Dollar Index was set at 100,000. Since then, the index has peaked at 164.7200 in February 1985 and hit a low of 70,698 on March 16, 2008, and is currently trading at 103.715. The arrangement of the "basket" took place only once, at the beginning of 1999, when the euro included several currencies. The arrangement of the "basket" does not yet include countries with high trade volumes, such as China, Mexico, South Korea and Brazil. On the other hand, although Sweden and Switzerland do not have large trade volumes, they continue to be included in the index. What is the Dollar Index? The US Dollar Index (USDX, DXY) is an indicator of the value of the US Dollar against foreign currencies. It is also referred to as a money basket by US trading partners. The index is designed, maintained, and published by ICE Futures and. It is also registered with the name "U.S Dollar Index". How Is The Dollar Index Calculated? The dollar index is calculated by the weighted geometric average of the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. ✅Euro (EUR)= 57.6% by weight ✅Japanese Yen (JPY) = 13.6 weight ✅British Pound (GBP) = 11.9% by weight ✅Canadian Dollar (CAD) = 9.1% by weight ✅Swedish Krona (SEK) = 4.2% by weight ✅Swiss Franc (CHF) = 3.6% by weight Its formula is: DXY = 50.14348112 × EURUSD -0.576 × USDJPY 0.136 × GBPUSD -0.119 × USDCAD 0.091 × USDSEK 0.042 × USDCHF 0.036 Why Dollar Index Increases? 👉🏻Every move that will strengthen the dollar in the United States, decrease in unemployment, positive employment data, high growth figures 👉🏻The depreciation of the local currencies of the six main countries included in the DXY Why Is The Dollar Index Declining? 👉🏻Data that will cause the dollar to depreciate in the United States, growth figures below expectations, unemployment rates higher than expected 👉🏻Strengthening of the economies of the six main countries in DXY, appreciation of their local currencies DXY is updated as long as the USD market is open. DXY can be traded as a futures contract on the ICE exchange. It is also available in exchange-traded funds (ETFs), options, and mutual funds.
ICEUS:DX1!
by Forexcues
What is day trading?What is day trading? Day trading is the buying and selling of stocks, foreign exchange, commodities and other assets or financial derivatives during a single trading session. Traders speculate on the movement in asset prices by employing various strategies. Decades ago, day trading was undertaken only by investment firms, financial institutions, trading funds and brokerages. Today, online trading platforms have brought day trading to the palm of a retail investor’s hand. According to US investment bank BNY Mellon, retail investors have become a “growing force to be reckoned with”. Their share of total equities traded went up to nearly 25% in 2021, from the 10% to 15% reported in the first decade of the 2000s. For many retail investors, day trading has become a career. Others have burnt their hands trying to make profits from this risky and fast-paced short-term strategy. Now that we have gone through the definition of day trading, let us read more about day traders, their techniques and strategies, and day trading examples. Life of a day trader An experienced day trader’s session will start hours before the market opens or the night before. The trader will take their time to analyze price charts, investor sentiment, corporate news, macroeconomic developments and more. As the stock market opens in the morning, some traders may sit on the sidelines in the first hour of a trading session to avoid the opening minutes that tend to be volatile. After the market settles, day traders spend the day scanning for market opportunities. Day traders usually stick to securities that they have experience with as they will be aware of the little intricacies regarding that particular security. The day trader will open and close positions according to their price targets and risk tolerance. A trader’s setup may involve hedging to protect against unexpected losses. Day trading is particularly popular with foreign exchange traders. Popular Forex pairs have deep liquidity and tight spread, which allow day traders to speculate on small price movements. Strategies used by day traders To understand how day trading works, readers need to know about the various intraday strategies used by traders. Scalping Scalping involves a day trader aiming to speculate on small changes in an asset’s price. Traders place numerous short-lived scalp trading bets in a day so that small profits add up to a significant daily gain. Day traders need to implement a strict exit strategy to prevent large losses. Range trading Day traders are known for their use of technical analysis which involves identifying support and resistance price levels and analysing price trends, volume and volatility. Range trading involves buying and selling of securities between a range of price where the top price is determined by the price resistance level and the bottom is determined by the price support level. Algorithmic day trading Algorithmic trading involves execution of trade orders based on pre-programmed instructions based on price, time and volume of a security. Algorithmic trading is extensively used by hedge funds and investment banks to carry out day trades in large orders at high speed. This is also known as high-frequency trading. News-based day trading The trader will set up his trade setup based on trading opportunities arising from expected corporate and macroeconomic developments. An example of this type of day trading is anticipating a fall in broad markets before the publication of market-moving data such as inflation numbers or corporate earnings calls. Day trading explained through examples To better understand day trading, let’s look at the following example. Note that it is for educational purposes only and does not constitute investment advice. John is a self-taught day trader who has learnt the art of intraday trading over time through trial and error. He specialises in stock trading and is particularly interested in the US equity market. Over the years, John has traded Apple (APPL) shares extensively and is well-versed with developments at the iPhone maker. Before Apple’s fourth-quarter earnings announcement, John conducted a thorough research on Apple and concluded that the company will report strong revenue and profit growth. John aimed to trade using news-based trading and range bound trading techniques on the day of the result announcement. The trader opened an intraday position with a target price of $155, based on identified resistance levels, and a stop-loss at $135, based on identified support levels for Apple shares trading at $145. If Apple announces higher-than-expected earnings, which would cause the stock to rise to a level above $155, John will book profit. In case the company surprises on the downside, causing the stock price to fall, John’s position will automatically close when the price falls below $135, booking a loss. During the day, John will constantly monitor Apple’s intraday performance to react to unexpected market volatility and to adjust his profit-taking and stop-loss levels, according to real-time performance. by capital.com
Education
by Sahran_Mohammed
WEEKLY CHART - RANA SUGARS LTDThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. RANA SUGARS - MY VIEW - EXPECTED 150.63% RETURNS/ GAINS ✅✅✅✅ Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RANASUGLong
by Tradelikemee
5 IMPORTANT INDICATORS FOR BEGINNERSHi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Moving Average A moving average is a technical indicator that combines price points of an instrument over a specified time frame, and divides by the number of data points, to give you a single trend line. It is popular amongst traders because it can help to determine the direction of the current trend, while lessening the impact of random price spikes. A moving average will enable you to examine the levels of support and resistance, by analysing the previous movement of an asset’s price. It is a measure of change that trails the previous price action of an asset, assessing the history of market movements to determine possible future patterns. A moving average is primarily a lagging indicator, which makes it one of the most popular tools for technical analysis. Calculating an MA requires a certain amount of data, which can be a large quantity depending on the length of the moving average. For instance, a ten-day MA will require ten days of data, while a one-year MA will require 365 days’ worth. A 200-day period is a very commonly used timeframe for MA. The indicator is described as ‘moving’ because the introduction of new figures will replace old data points and ‘move’ the line on the chart. Bollinger Bands Bollinger Bands are typically plotted as three lines: An upper band A middle line A lower band The middle line of the indicator is a simple moving average (SMA). Most charting programs default to a 20-period, which is fine for most traders, but you can experiment with different moving average lengths after you get a little experience applying Bollinger Bands. The upper and lower bands, by default, represent two standard deviations above and below the middle line (moving average). If you’re freaking out because you’re not familiar with standard deviations. Have no fear. The concept of standard deviation (SD) is just a measure of how spread out numbers are. If the upper and lower bands are 1 standard deviation, this means that about 68% of price moves that have occurred recently are CONTAINED within these bands. If the upper and lower bands are 2 standard deviations, this means that about 95% of price moves that have occurred recently are CONTAINED within these bands. Relative Strength Index ( RSI ) RSI is considered overbought when above 70 and oversold when below 30. These traditional levels can also be adjusted if necessary to better fit the security. For example, if a security is repeatedly reaching the overbought level of 70 you may want to adjust this level to 80. Note: During strong trends, the RSI may remain in overbought or oversold for extended periods. RSI also often forms chart patterns that may not show on the underlying price chart, such as double tops and bottoms and trend lines. Also, look for support or resistance on the RSI. In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market the RSI tends to stay between the 10 to 60 range with the 50-60 zone acting as resistance. These ranges will vary depending on the RSI settings and the strength of the security’s or market’s underlying trend. If underlying prices make a new high or low that isn't confirmed by the RSI, this divergence can signal a price reversal. If the RSI makes a lower high and then follows with a downside move below a previous low, a Top Swing Failure has occurred. If the RSI makes a higher low and then follows with an upside move above a previous high, a Bottom Swing Failure has occurred. MACD(Moving Average Convergence Divergence) Moving average convergence divergence, or MACD, is one of the most popular tools or momentum indicators used in technical analysis. This was developed by Gerald Appel towards the end of 1970s. This indicator is used to understand the momentum and its directional strength by calculating the difference between two time period intervals, which are a collection of historical time series. In MACD, ‘moving averages’ of two separate time intervals are used (most often done on historical closing prices of a security), and a momentum oscillator line is arrived at by taking the difference of the two moving averages, which is also denoted as ‘divergence’. The simple rule for taking the two moving average is that one should be of shorter time period and the other longer time period. Generally, exponential moving averages (EMA) are considered for this purpose. Description: The main points for an MACD indicator are: a) Time period or interval – which the user can define. Commonly used time periods are: Short-term intervals – 3, 5, 7, 9, 11, 12, 14, 15-day intervals, but 9-day and 12-day durations are more popular Long-term intervals – 21, 26, 30, 45, 50, 90, 200-day intervals; 26-day & 50-day intervals are more popular b) Momentum oscillator line or divergence or MACD line – which can be simple plotting of ‘divergence’ or difference between two interval moving averages c) Signal Line – which is exponential moving average of divergence data e.g. 9-day EMA d) Normally a combination of 12-day and 26-day EMA of prices and 9-day EMA of divergence data is used, but these values can be changed depending on the trading goal and factors e) The above data is then plotted on a chart, where the X- axis is for time and Y-axis is price, to get MACD line, signal line and histogram for the difference between the MACD and signal line, which is shown below the X-axis Volume Volume, or trading volume, is the number of units traded in a market during a given time. It is a measurement of the number of individual units of an asset that changed hands during that period. Each transaction involves a buyer and a seller. When they reach an agreement at a specific price, the transaction is recorded by the facilitating exchange. This data is then used to calculate the trading volume. Trading volume can be denominated in any trading asset, such as stocks, bonds, fiat currencies or cryptocurrencies. For example, if Alice sells Bob 5 BNB for 20 USD each, the volume of that transaction can be either 100 USD, or 5 BNB, depending on what the trading volume is denominated in. This also means that for a stock, for example, the trading volume refers to the number of individual stocks that were traded during the measured period. So if 100 shares are traded in one trading day, the daily volume of the stock is 100 shares. Traders tend to use the volume indicator as an attempt to gain a better understanding of the strength of a given trend. If volatility in price is accompanied by high trading volume, it may be said that the price move has more validity. Conversely, if a price move is accompanied by low trading volume, it may indicate weakness of the underlying trend. Price levels with historically high volume can also give traders an indication regarding where the best entry and exit points could be located for a specific trade setup. Typically, a rising market should see increasing volume, indicating continuous buyer interest to keep pushing prices higher. Increasing volume in a downtrend may indicate increasing sell pressure. Reversals, exhaustion moves, and sharp changes in price direction are often accompanied by a high volume spike, as these tend to be the times when the highest amount of buyers and sellers are active in the market. Volume indicators often also incorporate a moving average, measuring the volume of the candles in a given period and producing an average. This gives traders an additional tool to gauge the strength of the current market trend. If you like our content, please feel free to support our page with a like, comment & follow for future educational ideas and trading setups.
Education
by CRYPTOMOJO_TA
2
What is NFT Minting?NFTs, or non-fungible tokens, have emerged as one of the year's breakthroughs. NFTs have been making headlines recently in a variety of venues. Many inventors, artists, and corporate behemoths are eager to capitalize on this trend. Minting is one of the most critical phases in creating an NFT. Minting an NFT means converting digital data into crypto collections or digital assets recorded on the blockchain. The digital products or files will be stored in a distributed ledger or decentralized database and cannot be edited, modified, or deleted. The process of uploading a specific item to the blockchain is known as minting, and it is similar to how one mints a real coin.
BITSTAMP:BTCUSDEducation
by FortuneAI
Overbought & OversoldIf you can identify overbought or oversold conditions, as a trader, this can be highly profitable. In particular, these are two definitions that refer to the extreme values of the price in addition to their intrinsic value. So, when these conditions appear, a reversal of the direction of the price is highly expected. What is Overbought? When something is ‘overbought’, it means that the price is thriving for a long peri. Because of this, it’s trading at a higher price than it actually should be. In other words, the asset is overly expensive and a sell-off is about to happen. What is Oversold? When something is ‘oversold’, it means the price is in a negative momentum for an extended period. Because of this, it’s trading at a lower price than it actually should be. In other words, the asset is overly cheap and an upward rise is about to happen. Indicators Moreover, there’re plenty of technical indicators which you could use in technical analysis. To confirm the Overbought and Oversold conditions the three indicators commonly used are: Bollinger Bands, Relative Strength Index and Stochastics Bollinger Bands The Bollinger Bands appear as a channel. Specifically, the middle line is often a twenty-period moving average. On the other hand, the upper band is the moving average plus two times its standard deviation. Furthermore, the lower band is the moving average minus two times its standard deviation. As a result, the price seems to fluctuate in this channel and normally doesn’t move out of the bands. However, when the price tends to move out of the upper band the price can be considered as overbought. Likewise, the same thing happens when the price moves out of the lower band, the price can be considered oversold. Relative Strength Index The Relative Strength Index is a momentum oscillator where the horizontal axis appears as a function of time and the vertical axis as on a scale of 0 to 100. In addition, the standard amount of periods used for this indicator is 14. So, the Relative Strength Index measures the magnitude and the speed of recent price action. The indicator compares a security strength on days when prices go up to its strength on days when prices go down. Yet when the Relative Strength Index has a value higher than 70 the price can be considered as overbought. When the opposite happens and the price drops down a value of 30 the price can be considered as oversold. Stochastics Stochastics is like the Relative Strength Index, a momentum oscillator where the horizontal axis appears as a function of time and the vertical axis is displayed on a scale of 0 to 100. However, the stochastic oscillator is predicated on the assumption that closing prices should move in the same direction as the current trend. Meanwhile, the Relative Strength Index is measuring the magnitude and the speed of the current price action. The Stochastic oscillator does calculate this value and expresses this value into a %K. In addition, the standard amount of periods used for this indicator is 14. When the %K crosses a value of 80 the price can be considered as overbought. When the opposite happens and the price drops down a value of 20 the price can be considered as oversold. Combined One indicator that matches the criteria for being ‘overbought’ or ‘oversold’ can suggest a small trend reversal. But once all 3 indicators combined are matching the criteria, the assumption of a trend reversal is very likely to happen. Therefore, for trading in general this can be a profitable and low-risk strategy.
BITSTAMP:BTCUSDEducation
by vf_investment
3
nzdusdthe key in auctioning process , whether you looking at initiative buying -initiative selling / responsive buying-responsive selling we start with the auction market process and value in the market as institutions do and then we learn to track responsive and initiative trades to be able to trade with them trading is all about leverage and managing risk fast it's not about scalping trading all day everyday its all about finding trade locations based upon the auction process. institution money flow its called tracking volume imbalances in order flow otherwise known as heavy volume all this does is indicate that there big money traders hedge funds pension funds mutual funds mangers large institution governments either putting lot of money to work or unlock or unwinding postion basically, all the people that are in the know ok. you and I were not in the know we are we never gonna know we never gonna be inside there always gonna some one else we don't want based upon what they saying there gonna do we want make their bets on what actually do the best way to track that is through large orders that come through either through a commitment of traders reports that's obviously a weekly report from CBOT .ORG OR SEC GOV if you track day-to-day transactions and you and you keep track of that you can accumulate better levels of which to trade from therefore you have better probabilities market is not trading base upon chart patterns candle stick patterns or anything else becuse thats all subjective thats subjective to what you put on your charts what you need to think about bigger picthure we gonna identify higher opertunities your not just gonna buy just besuse everything selling off the same way wouldnt buy the all time all time highs just becuse it maid a new all time high or break out how maney times you buy breakout it reverse on you well if you want stop doing that you got better prepared is all im trying to say so the auction that these institutions speefically private equity smart money is going to do its going to leave imbalance in volume and they going to have to what these auction leaves to distingushed orderflow foot print that can have effect on the futhure price movement of a security or market whether its next 15 mintues or the next 15 more days if you follow institutional money flow you can determine whether you should be looking to buy something or to short it or just to adjust your risk what it really signals is that those who those who track institution money there is lot of inventory or supply to move imbalance volume i track, buy imbalance, sell imbalance, crossed market trade auctionning market where buyers lift and market come back in to these buying imbalnce area i can look opertunities given this information this tracking volume imbalance over time www.cmegroup.com
Education
by YODA-TRADER
USDJPY Short From H1 Supply Zone ( + 3,7 RR)A clean trade on US Dollar vs Japanese Yen was taken on December 5th and here is it's full breakdown: We see an example of Drop-Base-Drop market movement. We took a Base of this movement as an Supply zone and went into shorts with the goal at the local low, because: 1) Fibo discount level (0.62) 2) Clean supply zone 3) Correlator DXY was showing short signal too 4) Supply zone on a resistance level 5) Imbalance to fill in 6) Price tapped the zone on a EU session 7) RSI divergence on M30 The TP wasn't lower due to the premium zone and more imbalance laying above. Typically, we wouldn't take this trade due to this factor, but all 7 reasons were solid and we were right. If you like such type of content with explanation, like this post and leave a comment!
Short
by vmirzhvn_fx
1
Golden Advice from Takashi Kotegawa🎥Takashi Kotegawa turned around $12K to $200M in just 8 years and reached a net worth of a whopping $ 1.8B from trading in his bedroom🍻 When I met Stocks Genius Takashi a few years ago, he gave me one of the best trading advice👇🏻 Trade with small size while learning Only risk 1% of your account size each trade Master one setup Find a solid mentor Journal your trades and study your data Follow your plan consistently regardless of the outcome Take Trading decisions as unemotionally as possible Focus on these points, instead of focusing on goals like: I want to make 5K or 10K a month🍻
Education
by FortuneAI
Don’t quit your job, yetLet me share with you a true story. Han (not his real name) just started trading the Crypto market. He funded his account and made a $1,000 profit after a few trades. So he thought to himself “If I can make $1,000 trading part-time, then I’ll make even more money trading full-time.” So, John quit his job to trade full-time. The first few days were good as he was making consistent profits from the markets. Then the market changed and the losses crept in. Eventually, he gave back all his profits and bust his account. Now, he’s back in the job market looking for work. So, what’s the lesson? Don’t quit your job, yet. Just because you’ve made some money from the financial markets doesn’t mean you can do it full-time, it might be beginner’s luck. Also, full-time trading requires a different mindset, account size, expectations, consistency, a lot of patience, etc.
Education
by FortuneAI
2
Natural Gas - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
N
by Tradelikemee
NZDUSD- 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
👑 THE UNCROWNED BEST INDICATORS PT.1That's the Part.1 of my collection of Uncrowned best indicators for trading. I choose to call this post " uncrowned " because these indicators are firstly free resources and second well utilized and combined are much better than most of the paid indicators. Often the best indicators are forgotten just because seem too basic or have no marketing behind them. I can assure you, the top perform algorithm traders at least use for sure one of these 5 indicators. ( or more.. ) Making a great algorithm requires time to find the right combination of indicators and patience in backtesting. If you don't know some of these indicators, I suggest you have a look, you can find them for free here in Tradingview. N.1 AROON The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend. The Aroon indicator was developed by Tushar Chande in 1995. Here is an Idea of how to use it, very basic. You can combine this indicator with your own favorite ones to create your best strategy. Check the settings to find the right setup. N.2 STOCH RSI I personally love The Stochastic RSI. This indicator as the normal stochastic shows ranges between zero and 100 and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change. The StochRSI was developed by Tushar S. Chande and Stanley Kroll and detailed in their book "The New Technical Trader," first published in 1994. While technical indicators already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional indicators could do. The StochRSI deems something to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security. Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking at it in the context of an oscillator with a centerline at 50. When the StochRSI is above 50, the security may be seen as trending higher, and vice versa when it's below 50. The StochRSI should also be used in conjunction with other technical indicators or chart patterns to maximize effectiveness, especially given the high number of signals that it generates. N.3 ATR Average True Range I think the ATR is the base of any algorithm or at least every algorithm trader has at least one setup with this indicator to calculate the Stop loss or the Take profit or both together. The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period. The ATR may be used by market technicians to enter and exit trades and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data. The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made. N.4 The Bullish and Bearish Engulfing Well, this indicator, free by tradingview show exactly the presence of Bullish and Bearish reversal made from Engulfing pattern. It can be a great confirmation indicator for your strategy if used together with other indicators inside your algorithm. N.5 WAE - Waddah Attar Explosion Last but not least, an incredible free indicator. Great for confirmation entry as well as Volume and trend direction. Trading volume can help an investor identify the momentum of a currency pair and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes. Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon. This particular volume indicator has only three components to interpret, visually straightforward, easy to understand, and user-friendly. I hope at least one of these Five uncrowned indicators will become part of your arsenal. Please, support my work with likes and comments!
Education
by FOREXN1
12