Introduction to the Five Pattern Indicator “M” and “W” Wave Patterns are price patterns identified by A. Merrill, which may predict how and where price would move next. These patterns... Read more

Japanese candlesticks have been one of the most revolutionary innovations in trading. In spite of its simplicity, Japanese candlesticks had so much impact in technical trading. In fact, most traders... Read more

Introduction to the Price Alert Indicator Many traders do not want to sit in front of their price charts all day waiting for price to reach the levels where they... Read more

Many traders are preoccupied with finding the perfect point and predicting the correct reversal points. While all this should be theoretically sound, it is quite difficult if not impossible to... Read more

Introduction to the Double Stochastic RSI Indicator Oscillators which are bound within a fixed range are often effective for identifying potential mean reversals. One example of this indicator is the... Read more

Trading is much like a game of basketball. Two teams are playing. One side are the bulls and the other side are the bears. Both sides struggle to push their... Read more

Introduction to the Levels Indicator Support and resistance levels are key elements on a price chart which traders should be aware of. This is because the market often takes interest... Read more

Trend reversal and trend following strategies are very popular among many traders. This is because traders are often attracted to charts that are moving in one direction, either from the... Read more

Introduction to the Pin Bar Indicator The Pin Bar Pattern is one of the most effective reversal signals which is based on candlestick patterns. This is because it indicates price... Read more

Price charts are often a cluttered mess. This is especially true for new traders. New traders would look at chart and would often feel flustered not knowing how to make... Read more