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.
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.
About the price levels today they say almost everywhere. They use trading setup, they are the subject of disputes between traders and analysts, the basis for building trading systems and forecasting market situations. At the same time, the term "Level" is used by us without ceremony, although if we interview a random hundred constantly mentioning it, it is unlikely that many will be able to give it a competent definition. This is what we will do in the framework of this material.