The history of the Pivot Points indicator began in the early 30s of the twentieth century when a mathematician and a that-time famous trader Henry Chase decided to create an indicator meant for the security market. The synonym for a pivot would be a reversal, so a pivot point is a level on which the price reverses. So, the basis of the Pivot Point indicator is the idea that the market takes everything into account and repeats itself with time. The indicator was created in such a way that the opening and closing prices may serve as the support and resistance levels in the future.
Category: Trading
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The author of the Parabolic Sar is J. Welles Wilder. He first used it in 1976. In his book "New Concepts In Technical Trading Systems" Wilder presented several indicators: the Parabolic Sar, RSI, ADX.
This structure of price movement is, in fact, a Wedge pattern. According to the author of the method, a trader should have their unique features and use rare trading instruments in order to be different from the rest of the market players. The Wolfe Waves pattern is able to provide a beginner trader with the keys to a new understanding of market behavior. However, as with any other trading strategy or technical instrument, no matter how successful its trading history may be, much depends on the hands the instrument gets in.
System CCI expert advisor works on the basis of well-known indicator Commodity Channel Index (CCI hereafter), included in a standard list of indicators of the MetaTrader 4 terminal. For opening a position, a signal line of the CCI and default levels of the EA are used. The levels are customizable for a more precise opening of positions.
EXTRA strategy, like any other, has long-term, mid-term and short-term goals. At the basis of this strategy lies a MATRIX. A matrix is practically the basic structure of the Elliott waves.
In the description of the indicator in the book "Bollinger on Bollinger Bands", it is said that the price remains at the borders of the lines 95% of the time and escapes those borders in 5 remaining percent. If volatility on the market is low, the upper and the lower lines are close to one the other, while the price is trading between them; the higher the volatility, the wider the channel formed by the three lines (pic 1). According to the classification, the Bollinger Bands are a trend indicator as it shows both flats and directed price movements. The timeframe may be anything from M1 to a year.
The Relative Strength Index (RSI) is one of the few trader's instruments able to go ahead of the price. Of course, such situations do not happen every day, however, this feature is really interesting and useful for the analysis of the current market situation.
A chart pattern means a repeated element in different spheres of life – nature, psychology, music, design, trading, etc. When it comes to trading, a pattern is a stable and repeated combination of data on prices, volumes, or indicators.
The name MarSe was derived from the names of two trading strategies – Martingale and Surfing. The Surfing strategy has been created by Victor Borishpolets for daily trading on Forex and the stock market. The system is based on the RSI.
Any trader must have faced the need to launch and test a new expert adviser. Forex exchange market works 24 hours a day, 5 days a week; however, testing might be problematic if the main computer is occupied or it is not possible to leave it working for a long time.