Forex Rocket - All you have to know about Forex

 The indicator works by predicting reversals or confirming trends. Description of how the indicator works Joseph Granville wrote out the results of daily trading in the form of an endless series of positive numbers for the candle that closed above the opening, and negative numbers if the price at the end of the day was below the level of opening session. Further the author constantly summarized the obtained results: OBV= ∑ k*Volume, where the coefficient k determined the +/- sign by the position of the closing price of the candle. As we can see from the formula, the indicator curve can take positive and negative values at long trends, indicating the global market trend at the current moment. The OBV has no period, applying a "through" summation, which shows the cumulative value of the volume. The figure above demonstrates the high level of correlation between the indicator trends and the quotes of the asset, this is one more useful factor that simplifies the analysis. The reg

The meaning of such calculations becomes evident on the chart: the OsMA turns a bit faster than the MACD, not to mention the classic signal for trades on all types of oscillators which crosses the zero line much earlier. Technical analysts have appreciated the idea of averaging the MACD differences by including the Moving Average of Oscillator in the standard indicator package of most standard trading platforms. However, traders rarely use this derivative, preferring to include the "classic MACD" in their strategies. The article will help the reader to grasp the idea of the tool calculation and understand the advantages and disadvantages of OsMA. Description of the indicator One of the most widespread up to now strategies to work on the trend is the technique of entering on the crossing (crossover) of "fast" and "slow" moving average lines. It was just one trading signal, until Gerald Appel created the MACD, supplementing the signals of the curves with a h

 Bar (candlestick); Closing price to determine the direction of the candlestick; Volume; Relative changes in trading volumes and spread for the previous period. Bill Williams has reflected all of the above points in one concise formula, the "market simplification index" BW MFI: The results of the calculations were displayed on the chart as a four-color histogram, depending on the change in the numerator and denominator indicators compared to their previous values, to account for the fourth postulate of the VSA:  The bar graph is colored green when the numerator (High low) and denominator (Volumes) increase simultaneously;  Brown occurs when the numerator and denominator decrease simultaneously; A rising trading range on falling volume yields blue;  Pink neutral occurs when the numerator falls when volumes in the denominator rise sharply.  The formula covers only three of the four rules described above. The closing price of the candle and the trend direction are determined by