Posts (page 23)
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7 min readKeltner Channels is a technical analysis tool that helps traders identify potential breakouts and trends in the market. It consists of three lines - an upper band, a middle line, and a lower band.To use Keltner Channels, you need to understand the following:Calculation: Keltner Channels are calculated using the average true range (ATR) indicator.
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7 min readThe Stochastic Oscillator is a widely used technical analysis tool in the trading world, particularly for scalpers. It helps traders identify potential entry and exit points by measuring the momentum and speed of price movements.The Stochastic Oscillator consists of two lines: %K and %D. The %K line represents the current closing price relative to the range of prices over a specific period, usually 14 periods. The %D line is a moving average of the %K line, typically a 3-period moving average.
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11 min readParabolic SAR, also known as Stop and Reverse, is a technical analysis tool used by traders to determine potential trend reversals in the price movement of an asset. It was developed by Welles Wilder and aims to provide entry and exit points for traders.The Parabolic SAR indicator consists of a series of dots placed above or below the price on a chart. These dots help to identify the direction in which the price is trending.
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10 min readExponential Moving Average (EMA) is a commonly used technical indicator in trading, especially for scalping strategies. Unlike the Simple Moving Average (SMA), EMA gives more weight to recent price data, making it more sensitive to short-term price fluctuations.EMA is calculated using a formula that considers a specified number of periods and the current price data. The EMA calculation gives more importance to recent data points, while gradually decreasing the weight of older data points.
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10 min readThe Typical Price is a technical indicator commonly used in trading to assess the average price of an asset over a given time period. It is calculated by dividing the sum of the high, low, and closing prices by three.Traders utilize the Typical Price to gauge the overall trend and determine potential entry or exit points in the market. By incorporating the average price, it provides a more accurate representation of the asset's value, as opposed to relying solely on the closing price.
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6 min readThe Average Directional Index (ADX) is a technical indicator used to determine the strength and direction of a market trend. It is calculated using a series of mathematical formulas.The first step in calculating the ADX is to determine the Directional Movement. This involves calculating the True Range (TR), which measures the volatility of price movements.
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8 min readThe Detrended Price Oscillator (DPO) is a technical indicator that helps traders identify short-term trends in price movements. It measures the difference between a specific price point and a historical moving average. DPO is commonly used by scalpers who aim to profit from quick and frequent trades.The main concept behind DPO is to remove the overall trend from price data to focus solely on short-term fluctuations.
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11 min readMoving Average Convergence Divergence (MACD) is a popular momentum indicator used by traders for technical analysis. It is versatile and can be applied to various trading strategies, including scalping. Scalping is a short-term trading approach where traders aim to make quick profits from small price movements.MACD consists of three components: a MACD line, a signal line, and a histogram.
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6 min readMoving Min for scalping is a popular trading strategy used by short-term traders to capitalize on small price movements in the financial markets. It involves utilizing a specific moving average indicator called the Moving Min to determine trend direction and generate buy or sell signals. Here is a complete guide to using Moving Min for scalping:Understanding Moving Min: The Moving Min is a custom indicator that calculates the minimum value of price over a specified period.
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8 min readMoving Max is a term used in day trading to refer to a specific trading strategy. It is a variation of the Moving Average Indicator, which is commonly used to identify market trends and potential entry or exit points.In Moving Max, instead of calculating the average of a certain number of previous price points, it focuses on finding the maximum value within a given range of time. It essentially tracks the highest price point within a specified period.
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10 min readThe Hull Moving Average (HMA) is a popular technical indicator used in day trading to identify trends and potential entry and exit points. It is designed to minimize lag and provide more accurate signals compared to traditional moving averages. Here is a brief explanation of how to read the HMA for day trading:Calculation: The HMA is calculated using weighted moving averages.
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11 min readThe Chande Momentum Oscillator (CMO) is a technical analysis indicator that helps traders identify overbought and oversold conditions in the market, as well as the momentum of price movements. Developed by Tushar Chande, the CMO is similar to other momentum oscillators but uses a different algorithm to calculate its values.The CMO indicator oscillates between +100 and -100, with +100 indicating strong buying pressure and -100 indicating strong selling pressure.