Ideas & Algorithms
The Relative Strength Index (RSI) is a popular indicator of technical analysis, showing the current market situation with respect to overbought and oversold markets. The functionality of the oscillator and the high accuracy of the display of the market situation led to the fact that some traders began to use it only as a signal filter.
Candlestick analysis or candlestick patterns, as a method of determining the potential direction of the price movement, was born immediately after the idea of evaluating the trading period with four prices. This idea belongs to Japan, to be exact, to rice merchants. It was in Japan, long before the appearance of the first commodity exchanges of the USA and Europe, a "rice" exchange was born. During the harvest period, traders and farmers gathered in prefectures and made deals.
Prices level play a huge role in trading, as well as in the decision-making process to setup in market. Trade from the Price levels is becoming more popular. The LevelForecast indicator is designed exclusively for building trading Price levels using the entire history of the trading instrument, taking into account the possible movement of the price to the nearest strong historically and algorithmically confirmed level.
The stochastic oscillator, as it is often referred to as Stochastic, is a standard indicator for many trading terminals and one of the first tools for working with securities markets, commodities, stocks, FX and other. By itself, it shows the state of affairs using data on the current price in comparison with the price of the past, for the specified period of time. Two lines are fast and slow, assess the situation in a different range, but the overall picture remains similar.
Moving Averages - MA indicator developed to assess the market situation. The essence of the tool is that it calculates the average price of an asset for the number of periods specified in the settings and puts an end to the graph at the level of the result obtained. For clarity, all points are connected in a line, which is the moving average.