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Currency Trading Indicators
If you want to be a successful currency trader, you need to understand Bollinger Bands because they are an essential currency trading indicator and give you a visual view of the volatility of the currency pair you are looking at and you can use an understanding of volatility, to make bigger FX profits. If you want to see the volatility of the market and get more accurate market timing and more profitable trading signals, the Bollinger Band is an ideal indicator to use; lets take a look at Bollinger Bands and FX volatility in more detail.
The RSI or Relative Strength Index shows how strong a price is by comparing downward and upward close-to-close movements. The indicator was developed J.W. Wilder and was included in his classic book “New Concepts in Technical Trading” which was printed back in Seventies and the indicator has remained popular ever since. Let’s look at the RSI in more detail and how you can include it in your currency trading strategy for bigger profits.
Wells Wilder developed the Average Directional Index (ADX) and introduced it in his classic investment book “New Concepts in Technical Trading Systems” which was published back in the 1970s and today, the Average Directional Movement indicator remains one of the most popular among FX traders. Let’s look at the ADX indicator in more detail and how, you Can use it in your currency trading strategy, to generate more accurate trading signals and make bigger profits.
Williams %R is a simple but effective momentum oscillator and was first described by Larry Williams in 1973 and has been popular ever since, here we will look at the calculation of the indicator and how you can use it in your currency trading strategy to seek bigger Forex profits.
The Parabolic Time/Price System, developed by trading legend Welles Wilder and was introduced in his legendary book New Concepts in Technical Trading” with two other well know indicators the Average Directional Movement and Relative Strength Index. The book maybe over a quarter of a century old but all Wilder indicators, are as useful as when he first made them available. Let's look at the Parabolic Time Price indicator in more detail.