Archive for the ‘Forex Indicators’ Category
Stochastic 3 V2. Advanced stochastic usage.
This indicator will calculate stochastic values from 3 different timeframes, then averages them. You can see it as bold orange line on screenshot above.
The strategy was to buy when several stochastics are below 20, and sell when they are above 80.
Happy trading!
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DSS Bressert – Double smoothed stochastic
Double Smoothed Stochastic – Forex Indicator by Walter Bressert
Beautiful forex indicator, isn’t it? So how do we use this indicator?
Just like using original stochastic, if its values flies above 70 or 80 then it must be regarded as overbought, and if it falls below 30 or 20 as oversold.
For main trend, if DSS (Double smoothed stochastic) is above the center line, then it must be viewed as up trend or bullish, and fall of the DSS below its center line as bearish.
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Auto Trend Channel – Draws forex channel using trend line automatically!
This is another profitable forex indicator for you. Auto Trend Channel will help you to see where the market is going.
Follow its channel and you will collecting pips easily.
When price touch red trend line, it tends to bounce up, and it’s time for you to go LONG/BUY. But if price is touching blue trend line, it will mostly bounce down, time to SHORT/SELL.
This forex indicator is need to be combined by other indicator to minimize false breakout or reversal. Happy trading!
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