Forex blog focuses on the best forex trading strategies and systems for beginners and advanced traders alike. Learn how to trade with technical indicators and discover the best FX strategies for scalping, day trading and swing trading.
The Envelopes forex indicator is a technical tool that tries to spot the upper and lower bands of a trading range. It does this by drawing two moving average envelopes on the activity chart, one lifted up a certain distance above and one shifted beneath. The moving average envelope remains one of the most common […]
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The Average Directional Movement Index, also referred to as the ADX, a well-known technical trading tool designed by J. Welles Wilder and was introduced in his 1978 book, New Concepts in Technical Trading Systems. The indicator in essence is derived from the smoothed averages of the difference between Plus Directional Indicator (+DI) and Minus Directional […]
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The Parabolic SAR has always been looked at as a tool mainly focused on catching the start of new trends. Developed by Welles Wilder, the Parabolic SAR represents a price-and-time-based trading system. In his words, Wilder tags it the “Parabolic Time/Price System.” The SAR connotes “stop and reverse,” and functions as the real indicator deployed in […]
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John Bollinger is obvious the brain behind the Bollinger Bands, a technical tool that is used to gauge market volatility. This little tool will give you information on whether the market is quiet or whether the market is loud. The market is said to be quiet when the Bollinger Bands squeeze and it is said to […]
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A technical analysts named J. Welles Wilder developed the Relative Strength Index or RSI, as a tool that aids in identifying overbought and oversold market conditions. The RSI indicator is scaled from 0 to 100 thereby making it uniquely similar to the stochastic indicator. It is a widely used technical indicator that exhibits overbought conditions […]
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George Lane designed the Stochastics indicator in the last 1950s, as a tool for gauging the relationship between an asset’s closing price and its price range over a specified period of time. As a well-known momentum indicator, the Stochastics indicator is widely used by traders to spot possible trend reversals. The indicator was originally designed […]
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Moving Averages (MA) are inarguably the most commonly used technical indicators in the history of the forex market. They are primarily deployed as trend indicators and can also spot support and resistance areas. One of the key reasons why the moving average is an effective indicator is largely due to the vast number of traders […]
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MACD is a short form for Moving Average Convergence Divergence. The indicator is well-known within the trading community to be reliable and robust for novice and professional traders alike. How The MACD Indicator Works The MACD indicator is a widely used technical analysis tool that is made up of two lines within an area alongside […]
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