McGinley Dynamic is a term for an indicator created by John R. McGinley in the 1990s. He holds the designation of Chartered Market Technician. He was developing an indicator that would respond to shifting market conditions automatically. The McGinley Dynamic…
There are 3 forex charts namely line charts, bar charts and most widely used Japanese candlesticks. Line Charts A line chart can be used to illustrate price change. You can as well use line charts to analyze price movement. However,…
Line rebounding is a graphical pattern that attempts to capture a price that is unable to break through support or resistance levels. Many traders feel the price upward dynamic has ended when the price reaches the level of resistance and…
The primary responsibility of a trader is to observe price fluctuations and then enter into a trade based on those findings. On occasion, a significant trend can be seen on the price chart, indicating that the situation is clear. However,…
Triangles are technical analysis tools that belong to continuation patterns. This pattern frequently develops in response to a trend. For this, you need to draw them on the chart to easily identify them. You must first identify at least two…
One of the most critical abilities a trader can have is the ability to recognize support and resistance levels. This ability allows you to see how the price reacts when it approaches a support or resistance level. As a result,…
A moving average indicator is a key indicator that illustrates the direction of price movement. The mathematical price average of a certain time as indicated by candlestick quantity is used while processing moving averages. To determine the value of a…
Learn How to use Three Inside Up and Down Pattern Strategy. On the price chart, a trader can recognize a variety of candlestick patterns. They can then be utilized to determine the best time to initiate a trading position. But…
What if you had 1 indicator you could use and rely on to trade all indices? well, introducing Deriv Ripper. Deriv Ripper is a new indicator that will assist you in deciding whether to go long or short. It has…
This indicator can help you draw support and resistance lines. This one displays trend extremes (max and min), which can be used as support and resistance points for determining current trend channels. It’s a simple indicator that finds the highest…
