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Introduction: This pattern consists of a single candle. It is considered as a reversal pattern. It occurs at bottom of the down trend (bear). The hammer candle consists of small
What it is? 1. PURPOSE As the markets are changing so it is wise to use that indicator which adapts quickly the market behaviour as then change. In search of
The head and shoulders pattern is generally considered as a reversal pattern. The pattern signals both upside and downside reversal. The concept behind this pattern is: Bearish Head & Shoulder
PURPOSE Moving averages tend to catch the trend, with some delay. This delay is a lag – average line ‘lags’ the price movement. New, zero lag averages try to minimize
1. PURPOSE In volatile markets, momentum oscillators often give false signal and sometimes move opposite to price direction. We have made some changes in RSI indicator so it does not
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