They won’t be impacted by time, so when there is high trading activity, you may have a bar form every minute, but it may take several hours if there is slow trading.This means in high-volume periods, a tick chart will show you more crucial information than many other variations....
Is forex legit?Yes, the forex market can be a legitimate way to trade and invest. Forex, short for foreign exchange, is the largest financial market in the world. Average daily trading volume in the forex market can hit over $7.5 trillion, according to the latest survey by the Bank of ...
Is forex trading like gambling? A While forex trading has more in common with gambling than investing, it generally relies on calculated forecasts based on empirical data in contrast with the randomness of outcomes that characterize most games of chance. When you operate in a disciplined manner wi...
Dynamic Chop Zones is a custom indicator TradingView. This indicator focuses on blending multiple advanced concepts like volume analysis, dynamic support/resistance, and trend detection to offer traders a powerful tool to navigate market volatility with
Statements can be combined and used in line. This is useful when adding filters and you want to check multiple attributes before executing a trade: FilterOK = false Filter1 = close > open Filter2 = rising(volume,1) FilterOK := Filter1 and Filter2 ...
Daily trading volume is how many shares are traded per day. Average daily trading volume is typically calculated over six months.2 You can calculate average daily trading volume by adding up trading volume over the last X number of days. Then divide the total by X. For example, add the la...
A pivot point is a price level calculated from previous prices. It's used to indicate potential areas of support or resistance that offer attractive reward-to-risk setups for trades. The pivot point itself is simply the average of the intraday high and low and theclosing pricefrom the previo...
A technical indicator is a signal that traders use in technical analysis. It relies on key asset data—namely, historical prices and trading volume. They are commonly used to analyze short-term movements and are also useful for long-term traders who want to identify entry and exit points. The...
Usually, you won’t need to calculate the supertrend indicator, as trading platforms do it automatically. However, knowing how it's calculated is worthwhile so you have a better sense of what it tells you. You'll also know better how to adjust the indicator from the default values to bette...
Look for options with tight bid-ask spreads and high volume. These tend to be easier to trade and often offer better execution prices. For example, an option with a bid of $1.00 and an ask of $1.05 is more liquid than one with a bid of $1.00 and an ask of $1.20. It's best no...