Technical analysis indicator. A simple line is the best trading indicator
The simpliest technical analysis indicator is a line. Of all trading indicator you will ever find, a simple line where you can draw trend lines and support & resistance will do more than the job. The KEY trading indicator all traders look for is one that could signal the perfect entry.
Well my dear friend a line does !! and very well. A line can spot Buyers and Sellers perfectly, that is why I say that it is the best technical analysis indicator.
How to draw trend lines and what they are:
Trend lines:Trend lines are a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance
all of the principles that apply to Support and Resistance apply to trend lines. At the end trend lines ARE Support and Resistance...Supply and Demand Levels. Buyers vs Sellers
That is why I say the the best technical analysis indicator, forex indicator, trading indicator, etc is a line.
A simple line. The best of all stock market indicators...
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Essential Tools For Traders
Praveen from Miami, Florida.
First I must congratulate you on a very successful and useful site. It is practical and really helps to trade with confidence. Excellent work. Trust me when I say this...
I have gone through thousands of sites before I came across your work and indeed it is commendable. I have one question for you. After drawing support and resistance lines on the 30 and 5 minute chart, do you then focus on a 2 minute chart and take your trades based on candlestick patterns?
Robby from Indonesia.
WOW, very very good materials. I've been studying market profile and supply and demand for about 2 years now. So far, I found the materials in your website to be very generous.
Jose, Las Palmas, Gran Canaria, España.
Hello, i only want to say you thank you for all this free information, for me that I'm a begginer all this information is pure gold.
Thank you very much.