Day Trading & Forex Forum

shadowninja

"Momentum". That's the word!

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The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

tune

Super advice. And dont forget the line chart too. Toggle between them. Candles, lines. Lines, candles. Study a price chart and then write an essay about what you see (add in some sketches if you like). Then do another one tommorow.

The picture into words.

All in my opinion, of course.

tune

pips_lady

Thank you for the insight you shared and for the link

pips_lady

oh aright!

Oscillators/Leading Indicators and Momentum/Lagging Indicators..

Thanks!

atomm

Brief description of indicator : Indicator

The main variables for the mathematical expression of an indicator are opening price, closing price, highest price, lowest price, all measured at a specific time frame. Volume is also being widely used. There are other minor variables used in some indicators.

If you are able to correlate the variables ( probably with some mathematical differentiation, integration, constants, coefficient, ... etc. ) and produce a prospective display to indicate the price movement, you make your own indicator.
There are over one hundred indicators developed by different people just to indicate the price movement.

Candlestick and bar charts are the most basis/raw form of indicator, which directly display price without going through mathematical calculation.

If anybody agree with me: Price itself is the perfect indicator.