The MACD is a strong and popular trading indicator that helps traders find potential entry and exit points by showing the momentum and direction of the trend in a market. The MACD can be used effectively by understanding how it works, strategies for its application, and how a modified version can give more accurate … Read more
Trading effectively means using tools that can identify trends and measure their strength to determine the appropriate times to enter or exit trades. Many traders have a tough time determining whether a market is trending or not, causing them to miss opportunities and/or take losses. The ADX/DMI indicators are powerful and perceptive indicators of … Read more
From technical analysis viewpoints, among indicators, moving averages are highly watched, as they smooth out data so that trends can be ascertained. But with such variance in types of moving averages—Simple Moving Average (SMA), Exponential Moving Average (EMA), and Hull Moving Average—which one is best for you? This guide covers everything there is to … Read more
Trading is a difficult craft, and most beginners try to master strategies without exposing themselves to real money. Many traders develop false confidence by reviewing historical data and fantasizing about successful trades they “would have” taken. But when it comes to real-time execution, emotions and unforeseen factors make consistent success an elusive goal. This … Read more
A traditional candlestick chart is noisy and volatile in many instances and doesn’t reveal clear trends or reversals easily. With these alternatives in chart types, like Renko, Heikin Ashi, and Line Break, traders can avoid this noise and gain a clearer picture of the markets’ movements. 1. Heikin Ashi Candles Overview Heikin Ashi candles smooth … Read more
Enter the new Ultimate Bands Indicator, which replaces and upgrades many of the most commonly used trading indicators, including Bollinger Bands and Keltner Channels. As if that were not enough, it is also capable of serving as an advanced moving average, outperforming the traditional EMA and SMA in responsiveness and effectiveness. Well, the discussion … Read more
In this guide, you’ll learn how to create your own custom trading indicators with zero programming or math experience. By the end of this tutorial, you’ll be equipped with simple steps to build three custom indicators using basic concepts and a powerful tool: TradingView’s Pine Script. Getting Started with Pine Script Pine Script is … Read more
Charts are not all uniform in their display with regard to time; sometimes there are uptrends or even downtrends, while also times when the market is sided, almost motionless or close to it. To each, traders must know whether and how to adapt to the shifts. It would be much easier to trade if … Read more
One of the most seasoned professional traders employs an underutilized tool, anchored VWAP, to achieve precise entries and exits. This indicator offers a systematic approach to identifying trends, managing trades, and maximizing gains. If you’re ready to elevate your trading game, keep reading to learn how this tool can transform your strategy. What Is … Read more
Forget the flashy, overhyped tips you hear about these days online. Instead, here, we will explore brutally honest strategies as shared by an expert trader from one of New York City’s leading proprietary trading firms. By focusing on real-world insights, we will cover the three most critical steps to grow your trading account. If you … Read more