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Greetings to all and
success in trade.
This is my first article and I hope it is interesting to you.There are various
methods of graphic representation of price movements of financial instruments,
mainly can be divided into 2 groups:
1. By time - the graph shows the
price movement for a period of time
2. By price - the graph shows the price movement in a specified range
regardless of elapsed time.
JForex platform enables us to
graphically depict the movement of prices in both ways.
To the first group are Line, Bar and Candle, which are the three most popular
method of displaying
The second group JForex platform offers us the opportunity to depict the price
movement of an instrument regardless of the time, but only within a given
range. Such graphs are Range Bar, Renko, Point and Figure (P & F).
There are other ways of representation of price movement like Kagi Chart,
Market Profile, Heikin Ashi and others.
But why most of the
indicators are presented as straight lines?
Anyway, they are the result of
price movements.
But what we know about the most
popular way to display the chart candles?
It reflects the price movement over a period of time by 4 different prices,
namely…
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NagarajaAdiga avatar

looks interesting! have you drawn this on mt4? then what custom indicator do you use?

4xkishore avatar

HELLO BRO!

NICE TO READ YOUR TRADING SYSTEM. EXCELLENT...JUST KEEP IT UP. BY THE WAY DO YOU SELL YOUR INDICATOR OR SHARE IT FOR FREE?? PLEASE LET ME KNOW HOW YOU CAN GIVE IT TO ME.

marius24 avatar
marius24 22 Mar.

unique your analysis..very good my friend

himyfriend avatar
himyfriend 23 Mar.

Great indicator and view. congradulation. I am looking forward for second part dear friend.

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52/100
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Introduction:
This article is all about the following chart, “Bar Series Frequency”
and its implications on trading and price action. For this discussion, “bar frequency”
is the number of times a bar closes up or down in a row. The following chart
was created using the last ten years of EURUSD daily closes at NY (5 PM EST) If
using different closing rates, this chart will exhibit the same structure
regardless of the closing time, time frame, or currency pair
 
 
The bottom axis represents the number of similar bars in a
series, either up or down. The vertical axis represents the number of times in
the last 10 years a series was seen. It is important to know, that a two bar
series is part of every three bar series, and four bar series etc. Calculating
the series count this way determines how many two bar series become three bar
series on so on.
 
Why Care
The first important statistic is that nearly 52% of all bars
exhibit no series tendencies at all. That means that over half of all bars are
followed by a bar that moves in the opposite direction, a down bar is followed
by an up bar, and vice versa. The 52% is actually rounded up from 51. 52% and
is insignificant when tested at the…
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ritesh avatar
ritesh 22 Dec.

Nice explanation in article. Wishing you a very happy and prosperous New Year. +1

ikhall avatar
ikhall 22 Dec.

Thanks ritesh, hope you have a safe new year as well!

skytrader avatar
skytrader 31 Dec.

interesting, although i think that one needs a lot of patience to make with this money on the long run... might be nice for automation!

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