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Commodity Channel Index Indicator

October 30, 2009 By Raj Leave a Comment

Commodity channel index which is also called CCI is a very popular indicator that is used to detect overbought and oversold markets. This is very easy to use.

This article explains how to use this indicator. The buy signal is generated when the commodity channel index is below the oversold line and when it crosses above the oversold line.

The sell signal is generated when the commodity channel index is above the overbought line and when it crosses below the overbought line.

An image is given for you to understand easily how to use this indicator.

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Accumulation/Distribution forex indicator

October 30, 2009 By Raj 3 Comments

This article gives you an indepth knowledge of what is an accumulation/distribution forex indicator like what is accumulation/distribution forex indicator, how to calculate accumulation or distribution, formula for calculation accumulation or distribution, how it can be used as a convergence or divergence indicator etc.

This is mainly a volume indicator which tries to gauge the supply and demand of a currency pair by collecting information if traders are buying (accumulating) or selling (distributing) for a particular currency pair.

When the graph is raising that means the traders are buying the currency pair which means accumulation of buyers and the when the graph is falling that means the traders are selling the currency pair which means distribution.

Images are provided for easy understanding of this forex indicator.

An example trade is also presented which shows how you can use this indicator as a divergence indicator. The example given was for the currency pair EURUSD on a daily chart.

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How to use pivot points for forex trading

October 30, 2009 By Raj 1 Comment

Pivot points project support and resistance lines on the charts which can be used for forex trading. This indicator uses a calculation on the Open\High\Low\Close of yesterday, to predict the Support and Resistance levels of today.

This article shows you how calculate pivot points and how to trade pivot points. A break out technique is explained for trading pivot points. The break out setup happens when the price breaks out when any of the support or resistance lines.

Images are provided for easy understanding of the article.

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Trading using Bollinger Bands

October 30, 2009 By Raj Leave a Comment

This article shows how to use bollinger bands as support and resistace for forex trading. The following is what is explained in this article.

Flat Middle Band: When the middle moving average of bollinger bands is flat and not trending, this means that the the trend is weak and the trading is mostly range trading.

Distance Between the Bands: When there is not much distance between the bands this means there is not much volatility and there might be a break out going to happen soon. There should be enough space between the bands to get profited from from trading when you are in range trading.

When both of the above conditions are met that means when there is a flat middle band and when there is enough space between the bands you can enter the forex trading at the reversal points at the bottom or top of the bollinger bands.

Images are provided for better understanding of this artilcle.

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