TDI indicator
Market analysis and forecasting is difficult to perform without technical analysis tools at hand.
After all, all factors, one way or another, are interconnected and can influence each other.
The direction of the trend, the speed of price movement, volatility, overbought or oversold - all these factors determine the further movement of the price.
That is why in recent years many traders have gradually moved away from using standard forex indicators, which determine one characteristic of the market.
Instead, complex hybrids are increasingly being used. Their essence is that the hybrid can combine from two to five forex indicators in one window and conduct a more professional market analysis.
Fibo Levels Indicator - Trade Channel
The mathematical approach in market analysis is one of the most common, since any strategy is based on the analysis of statistical data, as well as the correct formula for the distribution of capital and risk.
However, behind dry mathematical calculations you can often find the use of so-called magic numbers, often referred to as Fibonacci numbers.
A rather interesting relationship between the proportions of various bodies in living and inanimate nature, which was repeated many times and had the same numbers, excited the minds of many mathematicians.
Naturally, such mysticism did not escape the Forex market, since similar percentage ratios began to be used to analyze the behavior of the crowd, and most importantly, to determine the degree of market correction.
All these tools require the trader to plot them on the chart themselves. As a result, many beginners not only practically do not understand the essence of such tools, but also use them completely incorrectly.
Cayman indicator – trading against the crowd
There are various forex strategies and indicators designed to trade against the crowd in the Forex market.
This is not surprising, because this strategy allows you to make good money.
But at the same time, it has increased risks. Therefore, in order to truly make a profit trading against the crowd, it is necessary to have reliable forex indicators.
One of these is the unique Cayman indicator.
What is this script for, what principles are embedded in it and how it can help traders, further in our article. What does it mean to trade against the crowd?
Despite all the variety of strategies and tools for technical or fundamental analysis, most traders move in one direction. Accordingly, they all get the same, disappointing result.
End of trend indicator on Forex
The nature of the movement of any price asset consists of a certain cyclicality, because any trend ends sooner or later, and then after a while it begins again with greater or lesser force.
Therefore, in addition to standard indicators, there are also indicators of the end of a trend in Forex. The most interesting thing is that traders, knowing that the market is cyclical, never think about the end of the trend.
Indeed, any price movement is nothing more than a projection of the actions of exchange participants.
Consequently, when the majority of players achieve their goals, for example, to buy an asset at a certain price, the price movement is completed.
Thus, by predicting the end of a trend, a trader can save himself from losses on already open positions.
First RSI level
When trading with oscillators such as RSI or Stochastic, sooner or later you have to face such a problem as indicator lines hanging in overbought and oversold zones.
At such moments, the price actively continues its movement towards the trend, while the indicator shows us a reversal.
Many people consider this phenomenon to be a strong drawback and fight it in every possible way, changing the calculation periods and supplementing the script with other technical analysis tools.
However, there were also those traders who conceptually turned this disadvantage around, making it an advantage.
The First RSI level script is a prime example of one of these indicators on forex. The First RSI level indicator is a conceptually new
technical analysis , which is based on the so-called theory of pushing through RSI overbought and oversold zones. In fact, the First RSI level finds the levels of the base of trends, upon the breakdown of which a trader can open positions towards global markets.
MACD Squeeze. An interesting hybrid based on trading zones for MT5.
Standard indicators for forex are not just classics of technical analysis that every trader should take into account, but also a huge field for creating new developments.
The most interesting thing is that sometimes standard forex indicators can be transformed in simply unimaginable ways, from their appearance to the very concept of creating an indicator.
However, if in most cases the modified versions can only boast of a beautiful appearance and, as a rule, unchanged logic, then in today’s article we will look at a fundamentally new MACD.
Which in appearance is practically no different from the standard one, but carries a completely different concept.
The MACD Squeeze indicator is a technical analysis tool that belongs to the group of trend oscillators and is an upgraded version of MACD for the MT5 trading terminal.
A notable feature of MACD Squeeze, which distinguishes it from the standard version, is the search for trading zones, within which the signals of the standard instrument become more accurate.
Indicator measuring Volatility "Extremum"
Volatility is one of the most underestimated characteristics of the market, and the trader pays for it with his deposit.
The volatility indicator, namely its proper calculation, allows you to avoid false triggering of stop orders, set the right goals and achieve them.
This indicator can be used not only as a filter, but also as a basis for creating a trading strategy.
For example, it is known for certain that before any strong reversal or price movement, there is a market compression, after which the price shoots out like a spring and travels huge distances in a matter of seconds.
Thanks to volatility, a trader can find similar market conditions and be prepared for the price to become active soon.
To measure this indicator, forex indicators of the same name are used, one of which is the Extremum indicator, which you will become familiar with in this article.
Zoomer Pro simple scalping
There is simply no doubt about the attractiveness of scalping as a trading style in the Forex market, because it is this style that allows you to achieve the highest profitability in a short time.
On the other hand, scalping attracts beginners because of its extremely simple and understandable algorithm of actions, since the trader is only concerned with the organization of the process and technical analysis, while one can simply forget about fundamental analysis.
Despite the simplicity of technical analysis, beginners still make mistakes, dismissing the importance of global trends and the trend as such.
The prevailing opinion that a scalper should be interested only in the short-term trend is completely wrong, since older time frames also play an important role.
A simple solution to this problem is to use multi-time frame forex indicators.
Zoomer Pro is one such tool. The Zoomer Pro indicator is a trending multi-time frame technical analysis tool that allows you to build scalping strategies, as well as medium- and long-term strategies according to the principle laid down by Alexander Elder in the strategy called “Three Screens ” .
Delta RSI. Practice of RSI interaction with each other
Classic technical analysis tools such as RSI, Stochastic or Bollinger Bands are described in great detail in many books and websites; moreover, the authors of these tools themselves gave clear and direct instructions for their use.
However, traders, in search of effective signals, began to create their own methods for using standard forex indicators, as well as signals, the use of which was not provided even by the developers themselves.
Some of these strategies are absolutely beyond logic, but despite this, many of these applications become classics and give rise to the emergence of other custom indicators.
One such approach is the interaction of two lines of RSI indicators with different periods, and in this article you will get acquainted with the Delta RSI indicator, which implements this type of signal as a separate and independent tool.
The Delta RSI indicator is a custom technical analysis tool that implements the principle of analysis and interaction of two RSIs with different calculation periods among themselves in the form of a histogram.
Price dynamics indicator. Assess overbought and oversold prices in seconds
Not only the trading strategy is the main secret of success in Forex, but the asset being traded also plays an important role.
Any story of a successful trader , film or interview about how they conduct their trading begins not with trading, but with a careful selection and formation of a list of promising currency pairs on which to expect movement.
Surely you have a completely logical question: what criteria do traders use to evaluate assets?
As a rule, first of all, the price dynamics are assessed, namely, the percentage that the price has overcome relative to yesterday, week or month is calculated.
This allows you to quickly assess how overbought or oversold the market is and whether you should expect activity from the currency pair.
Volatility indicator with increased efficiency
In the process of trading, probably every trader has come across such a problem when, after opening a trade based on a signal from the strategy, the price stops and comes flat.
Unfortunately, in 90 percent of cases, such transactions result in losses for the trader, even if closed early.
A completely logical question arises: why does this happen? What is actually missing from a strategy to make it truly effective?
The answer is very simple and lies right on the surface - before opening a position you need to study market volatility!
From this article you will become acquainted with a very effective tool that will help you not only sensibly assess market activity, but also build an impulse trading strategy.
The VolatilityAverageSingleHighLimit Volatility Indicator is a custom technical analysis tool that allows you to not only measure volatility based on the ATR indicator, but also give a clear assessment of how strong market activity is relative to its average over a certain period.
Bitcoin trading indicator
The enormous popularity of cryptocurrencies has appeared not only due to the fact that this asset is characterized by incredible growth rates, which allow large and small investors to receive significant profits just by owning a precious coin.
In fact, cryptocurrencies have the greatest volatility, which implies versatile price movements over a certain unit of time.
The leader in such volatility, of course, is Bitcoin.
It is to this cryptocurrency that the main attention of all traders and speculators in the world is attached, and it is precisely the peculiarities of Bitcoin’s movement that allow them to implement a wide variety of trading strategies on it. In recent years, this asset has become the main refuge of traders using technical analysis and technical indicators.
And since the market is now favorable to all technical analysts, we will look at an indicator for Bitcoin trading in this article.
MACD+OSMA + STOCHASTIC 3XSIG MTF is a comprehensive technical analysis tool based on a number of standard forex indicators, which allows you to evaluate short-term and long-term Bitcoin trends, as well as provide a number of accurate signals to enter the market.
VWMA averaging indicator. An excellent analogue of a simple moving average
The moving average is the instrument on the basis of which the first forex indicators were built. which began to be used long before the advent of online commerce.
Just think, a simple line that shows the average price over a certain time allows you to look at the price without a biased eye, throw unnecessary market noise aside and, most importantly, identify the trend and its changes in time.
However, the same moving average has one huge drawback - all candles for the allotted period are taken into account in its calculation, and the real weight of this candle is not taken into account.
In order to overcome this drawback, a new type of averaging was created that takes into account market volume, and VWMA is built on its basis.
The VWMA averaging indicator is a trend tool for technical analysis, which in its principles of application is no different from the moving average, however, at the same time, in the process of averaging and calculation, volume is taken into account, and in the case of the Forex market, tick volume.
Xprofuter indicator. Future predictor
Technical analysis tools, and especially forex technical indicators, have always been divided into groups depending on what property of the price asset the tool works with and, most importantly, on what principle.
Thus, indicators were conventionally divided into oscillators, trend, volume and information.
However, in recent years, a new category of tools has emerged, namely so-called predictors. The reason for the appearance of this kind of indicators lies in the fact that traders and technical analysts have always wanted to specify their forecasts and forecasts of simple indicators, see a visualization of the forecast and set certain time frames.
Standard technical analysis tools and forex indicators from the above groups simply could not cope with such a task, since, as a rule, they all react to changes in the current market situation, but do not predict the future.
However, the progress of technical analysis has stepped forward so much in recent years that the appearance of such predictive tools no longer surprises anyone.
Multi-Williams Percent Range
A trend, as a state of the market, is a fairly clear and at the same time abstract concept.
The fact is that each trader’s trend, depending on the working time frame, can be different, because it is no secret that the minute chart displays one picture, and the four-hour chart displays a completely different one.
However, the most interesting thing is that both traders can be clearly confident that within the framework of their strategy they see the correct trend or signals.
That is why there is a practice among traders of confirming signals or trend directions on a higher time frame, especially if trading occurs intraday.
Of course, constantly switching between time frames at the moment a signal appears on the main one is quite inconvenient and time-consuming, which is why you can increasingly see indicators with the Multi prefix.
ProfitLine indicator search for breakeven level
In the trading process, every novice trader, and even an experienced one, sooner or later faces a situation when, after opening a profitable trade, the price turns around and goes against the trader, closing the trade with a stop order.
To prevent this from happening, you must always move the stop order to the point without loss.
However, if with one transaction in the market everything is extremely clear, because it is enough to move the stop order after some time to the point at which the transaction was opened, then when working with a series of orders everything is more problematic.
This problem is felt especially critically by traders who use averaging strategies and martingale elements.
But what happens if a trader uses a grid strategy and has simultaneously open orders in different directions?
Price Channel Oscillator. A tool to make pairs trading easier
The task of any trader and investor is to minimize risks as much as possible, but at the same time receive acceptable profitability.
Large hedge funds achieve this goal through smart risk hedging, compiling portfolios of shares and other assets that are as market-neutral as possible, as well as by searching for a direct relationship between assets, their correlation and, most importantly, spread or swap.
However, in pairs trading, everything is far from being as simple as it seems at first glance, because knowing the direct connection between assets, it is necessary to catch the very moment of making a profit due to the spread that occurs at the moment of a strong divergence of charts.
To simplify pairs trading, as well as search for expansion zones for different assets, traders in the vast majority of cases use special assistants; we will get acquainted with one of these assistants in this article.
The Price Channel Oscillator indicator is an auxiliary technical analysis tool, the main task of which is to build a price oscillator based on two currency pairs.
Days of the week indicator
Trading in financial markets, and especially the Forex market, is in one way or another based on search patterns.
The peculiar appearance of a candle, the intersection of indicator lines, a breakout of a level, opening a position at a certain time of day, and so on - all this is the development of the found patterns.
One of the most obvious patterns is the movement of the price of an asset at certain times of the day, days and even months.
Traders have added the concept of seasonality to some assets, since the price anomalously gains activity during certain months of the year.
However, searching for such patterns takes a lot of effort, so traders resort to auxiliary indicators that make markings on the chart.
LeMan Variation. Source of market signals
Any trading strategy cannot do without its most important element – a signal indicator.
For this role, as a rule, all kinds of oscillators or custom tools based on them are used.
The LeMan Variation indicator is a technical analysis tool that belongs to the category of oscillator indicators.
It is worth noting that the LeMan Variation indicator is a unique development, since in the process of its creation the author did not use standard tools, but implemented his idea from scratch.
Like all indicators belonging to the oscillator group, LeMan Variation can be safely used on absolutely all time frames, and it demonstrates especially high efficiency on small time frames, which are most often used for scalping.
FractPrice indicator
Based on the research of many traders and analysts, the price is in so-called sideways or wide flats almost 70 percent of the time.
Market activation, as a rule, occurs after the breakdown of the next extreme or support and resistance levels.
One of the first traders who noticed the importance of identifying extreme points and was able to specify the determination process itself by creating his own indicator was Bill Williams.
It was he who introduced the concept of Fractals in the stock and foreign exchange markets, proposing the concept of taking as a basis five candles and the highest point, which, as a rule, is in the middle of the candle combination.
Thanks to the fact that Bill published his own book, in which he revealed the secrets of his trading strategy.
GentorCCI indicator. Multi-tasking forex indicator
Standard indicators are an excellent source of ideas for many traders and programmers who are trying to create technical analysis something new, unique and inimitable.
However, it is not always necessary to change standard indicators beyond recognition in order to get something of your own, and sometimes it is enough to take an unconventional approach to their use, and most importantly, their combination.
One of these extremely common approaches when creating non-standard indicators is a combination of oscillators of different periods in one window, which gives a completely new type of signal when they cross.
Actually, in this article you will get acquainted with one of these indicators, the basis for its creation, which was a non-standard approach to using a standard indicator.