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Most trading systems offer a variety of standard, built-in indicators that allow traders to carry out technical analysis before executing trades. However, there may be situations when traders wish to modify the variables used in analysis in order to assign their own conditions for examining market trends or executing trades. What Is A Custom Indicator? A custom indicator is a charting tool that allows the user to modify parameters freely…
Renko charts can pinpoint important levels of support and resistance by focusing solely on price movements, ignoring other data such as time or volume.
The main purpose of Bollinger Bands® is to help traders determine whether assets are reasonably priced, and whether prices in the market are stable or may be moving toward different levels. This information can be potentially helpful for investors because it can determine the following: whether they are paying a fair price for the asset, whether it is too costly, or whether it is a bargain purchase that could result…
Support and resistance levels provide forex traders with a valuable tool they can use in their trading. By learning about these levels, investors can obtain a better understanding of what is going on in the markets. In their most basic sense, support levels denote prices that a currency will not likely fall below, while resistance levels indicate prices the currency will probably not exceed. By analysing these key levels, investors…
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