Support and Resistance Indicator for Metatrader 4 Explained
Traders use support indicators to identify a price level at which the buying interest is high. When the price is nearing a support level, there is a shift from sellers to buyers. In other...
How to Use Candlestick Pattern Recognition Indicator?
In this video we show how to set up and use the pattern recognition indicator for Metatrader. This instrument helps to identify candlestick patterns and make decisions based on candle analysis.
Before reading the article...
Fibonacci Levels Trading Strategy Explained
We should express gratitude to an Italian mathematician Leonardo of Pisa or, as they say, Leonardo Pisano (1170–1250). To his friends he was better known by the nickname “Fibonacci” — the son of Bonacci...
USDx Forex Indicator Explained
Surely many of you have heard what an index is. This is a tool that allows you to get a complete picture of the state of the economy in a certain industry, country or...
Momentum Forex Indicator Explained
Momentum indicator, A pleasant reading Momentum Indicator - an effective and simple tempo indicator that generates leading signals about changes in the character of price movement. Many classify it as an oscillator, although in...
How to Use the RSI indicator in Forex Trading?
Today we will talk about one of the oldest traditional indicators, the relative strength index, or RSI for short. This indicator is included in all trading platforms, it is used in thousands of trading...
Price Rate Of Change Indicator Explained
The Price Rate of Change (RoC) indicator is a classic oscillator. This is one of the simplest and most reliable tools used for figuring out the mood of the market players. If the chart...
Trix Indicator Explained
TRIX indicator is a convenient oscillator which displays the relative rate of triple exponentially smoothed average (EMA) change of the closing prices for a certain period. Jack Hutson, a famous trader, is the tool’s...
Forex Correlation Indicator Explained
Currency pairs correlation is the relationship between the movement of one pair about another. There are positive and negative correlations.
Before reading the article and writing your questions in the comments section, I recommend to...
How to Use the Dots Indicator?
Dots indicator was developed 10 years ago. It is based on the calculation of the current price change cosine, for which Moving Averages, popular indicator’s data is used. Moving Average tool’s goal is to...
