Up moves, Down moves and Sideways price forex currency trend indicator. Trend indicators help defining the prevailing direction – trend – of the price moves by smoothing price data over a certain period of time.
In simple words, Trend indicators allow to visualize Trends in the market. May I please ask about trend lines. Are they also belong to trend indicators. If yes, why you don’t mention it here. Trend lines are not exactly indicators, but rather technical tools. Trend lines are graphical analytical tools, applied by traders without any mathematical formula behind them. However, you’ll be right naming trend lines as indicators if we start speaking about automated trading systems, where even trend lines are drawn by a software.
Here we’ve covered Forex trend lines. I will be very happy if you can help me with it. I don’t have any particular e-books on these subjects, unfortunately. I think browsing through the maze of Forex websites can bring some results. I’d like to know if there is an indicator out, so that it may count bars from a low or high point and project out from that low or high eg. 30 60 90 bars and so on. I’d like to be able to pick a number of these highs and lows and start counts from them.