Posts Tagged ‘MetaStock Indicator’

Types of Indicators

In technical analysis, trading indicators can be categorized into three main categories as follows: 1. Leading indicators This type of indicators tend to give traders buy or sell signals before market makes its turn. the leading indicators predict a top or a bottom of a market but they do not predict specific price levels or [...]

How to choose your Indicators?

There is no single indicator that will produce 100% profitable trades. Therefore, choosing an indicator becomes a decision of personal choice, rather than right or wrong. A successful trader with a poor indicator may result in profitable trades while a good indicator used by an inexperienced trader, may most likely lose money. So how do [...]

Continuation Patterns

In earlier articles, I have introduced you to basic reversal patterns; double top & double bottom, head-and-shoulder & reverse head-and-shoulder. Besides the reversal patterns, the price patterns falls into another category, the continuation patterns. While the reversal patterns usually forecast an upcoming trend reversal, the continuation patterns, in the other hand, indicate an interlude in [...]

Trend Reversal Patterns: Head-and-Shoulder & Reverse Head-and-Shoulder

By getting started with reversal patterns, we should start with the most basic patterns because it is easier for you to recognize them in charts. Therefore in previous article, I introduced you to the most basic and well-known reversal patterns; Double Top and Double Bottom. In this article, I am going to introduce you to [...]

Trend Reversal Patterns: Double Top & Double Bottom

In addition to indicators; such as Moving Average (MA), Relative Strength Index (RSI) or Moving Average Convergence / Divergence (MACD) that traders can add to the price chart to help them in technical analysis. The price chart itself can help traders in market trend prediction. When analyzing the price, traders may look for a reversal [...]

Begin oscillator trading from RSI

What is the oscillator? An oscillator is a technical indicator that tells at a glance whether a security currently trades in an “overbought” or “oversold” condition.

Volume : Another Important Indicator

I wrote about trading volume and how to use it in trading before. Here, we will extend to the application of volume as an indicator in trading. Let’s see how we apply volume as a technical indicator. Volume plays an important role as an indicator traders use to indicate price direction. Interpretation of volume signals [...]

Basics of Stochastic Indicator

The Stochastic Oscillator is an overbought/oversold indicator developed by Dr. George Lane. The stochastic is a common indicator that is integrated into every charting software including MetaStock. Put simply, the Stochastic Indicator (SI) is a price oscillator which compares today’s price to its price range over a specific period of time. For example a 14-day [...]

The Best Metastock Indicator

MetaStock is the most well-known software for technical traders. The MetaStock software integrates many tools (e.g. Expert Advisor, Indicator Builder, The Explorer). Tons of indicators are also enclosed with MetaStock to allow traders to pick ones that they are masterful. Besides the given indicators, MetaStock permits traders to develop their own indicators as well. Latest [...]

Forecast Price using Pivot Point Analysis – Part 2

The basis of pivot point formulas, which traders use to calculate pivot point numbers, involves several steps. Traders should be able to interpret the rationale behind the calculations. According to the traditional formula, the pivot point is considered as the average of the previous session’s trading range combined with the closing. The support and resistance [...]