The CCI Divergence indicator detects bullish and bearish divergences between price and the CCI. A bullish divergence occurs when the price makes new lows while the indicator starts to climb upward. A bearish divergence occurs when the price makes new highs while the indicator starts to go lower. This is a MetaTrader 5 (MT5) indicator … Read more
The MACD Color indicator with default settings 12,26,9 is a histogram used to spot a potential change of a trend easily. When the histogram is green, it indicates a bullish market, and the red histogram indicates a bearish market. This is a MetaTrader 5 (MT5) indicator and works with all currency pairs and all timeframes. … Read more
Many traders use Japanese candlesticks as part of their technical analysis to study forex trading charts. Learning how to read Japanese candlesticks is important if you want to know how the candles on a chart interact with each other and provide a basic understanding of how the market works. In this article, I’m going to … Read more
Beginner traders are surprised to see that a trade they just made is already at a loss. They start to wonder if the broker is trying to scam them. In fact, there is no scam here, and this is happening because of the forex spread. In today’s article, I’ll talk about what a forex spread … Read more
This is a Candle Time indicator that shows how much time is left before the candle closes. The indicator shows the time in hrs, min, and sec to the end of the current candle. It works with all time-frames. This is a MetaTrader 5 (MT5) indicator and works with all currency pairs. Once you download … Read more
One reason beginner forex traders fail is that they usually pick the wrong time frame for trading. Since most beginner traders want to get rich quickly, they are tempted to trade with small time frames like the 1-minute or 5-minute charts. But that approach is wrong. As a beginner, you might be wondering, “What is … Read more
Choosing the right forex pairs to trade is one key factor that can significantly impact your success. This article will guide you through the best Forex pairs to trade and help you make the most of your trading strategy. Do you know that the US dollar is involved in more than 50% of transactions on … Read more