Achieving success in the foreign exchange market hinges on having precise information and access to a dependable platform that enables quick decisions in the ever-changing financial landscape. Luckily, with the growing availability of Forex trading platforms such as PrimeXBT, keeping pace with the financial markets has become significantly easier. In this article, we offer an …
The accumulation/distribution line, developed by Marc Chaikin, is a tool designed to assess the inflow or outflow of money within a security. It’s important to note that this should be distinct from the advance/decline line, despite their similar initials. These indicators serve different purposes and cater to other users. While the advance/decline line offers insights …
What is the Accumulation/Distribution indicator? Read More »
The Money Flow Index (MFI) is a technical oscillator that leverages both price and volume data to determine whether an asset is overbought or oversold. Additionally, it can identify divergences that may signal an impending trend reversal in the asset’s price. This oscillator operates within a range of 0 to 100. Unlike traditional oscillators like …
The ABCD pattern is a prominent harmonic formation on trading charts, serving as a key instrument in technical analysis. This pattern consists of four pivot points, aptly designated as A, B, C, and D. Its distinct lightning bolt shape makes it readily recognizable. The appeal of ABCD patterns is their adaptability. They can be utilised …
Inside and outside bars hold significant appeal among price action traders and for valid reasons. While relying solely on individual candlestick patterns may not typically yield reliable trading outcomes, incorporating these patterns within the appropriate chart context can enhance the robustness of trading signals. The outside bar pattern is characterised by two candlesticks: the first …
Outside Bar Pattern Trading Strategy Quick Guide Read More »
The inside bar pattern features two successive candlesticks that typically indicate a market consolidation or uncertainty phase. Recognising this setup can benefit traders and analysts, as it offers clues about possible future price trends. In this article, we will examine various instances of this pattern on price charts and delve into how to interpret its …
The on-balance volume (OBV) is a vital tool in technical analysis, essential for deciphering and forecasting price trends across different assets, such as stocks and cryptocurrencies. This indicator aids traders and investors in making well-informed decisions by evaluating the correlation between trading volume and the price fluctuations of a specific asset. In this blog, we …
On-Balance Volume Indicator (OBV) – Definition, Formula Read More »
Bull Power and Bear Power oscillators were created by Dr. Alexander Elder to gauge the strength of buyers (bulls) and sellers (bears) in influencing price movements above or below a specific baseline. Together, these indicators are referred to as the Elder-Ray Index. Typically, a 13-period Exponential Moving Average (EMA) of closing prices serves as this …
The Martingale trading strategy is known for its ‘high-risk, high-reward’ nature, making it a fascinating yet debated method of trading. This approach involves doubling your investment after every losing trade, to recover losses and eventually make a profit. While the strategy’s potential for quick gains can be attractive to traders, it comes with the risk …
A Moving Average Oscillator is a fascinating tool that can serve as a confirmation in trading strategies. Its versatility allows it to be paired with most technical indicators. In this article, we will demonstrate the application of the Moving Average Oscillator to two well-known indicators and explore the correct usage techniques. What is the Moving …
Oscillator of a Moving Average (OSMA): What it is, How it Works? Read More »
