Volatility 75 index refers to a synthetic index that is a simulation-based index and has 75% of real market volatility. This simulation is run by randomly generated numbers by a computer program. It is similar to the real market.The range…
What is volatility index?
Volatility index refers to an index that indicates volatility of stocks (S&P 500). The range of VIX or Volatility index is from 0 to 100. VIX value directly relates to the market conditions. CBOE (Chicago Board Options Exchange) developed VIX…
Marubozu candle – Indicates momentum in price
Marubozu candle refers to a single candlestick that has no wick or shadow in forex technical analysis. Marubozu candlestick does not have any high or low value but only open and close value. It is a single candlestick pattern, and…
How to use Fibonacci in forex trading?
Fibonacci tool in forex is a technical analysis tool that is used to detect strong price levels and it is made by use of Fibonacci sequence. Fibonacci sequence is a natural pattern. As golden ratio in Fibonacci numbers is also…
Pine Script Tutorial – User input variable and hline()
The inputs that a user can change later from the setting panel of indicators are referred to as user inputs in the pine script. These inputs are stored in variables called user input variables. User input variable types are following…
Scalping vs Day Trading
Scalping trading Scalping trading refers to a trading style in which a forex trader opens and closes a trade within a few seconds or minutes to get small profits. In scalping trading, the frequency of trades high, and profits are…
Butterfly Pattern Forex
Butterfly pattern consists of 4 waves, and it is a reversal chart pattern in forex trading. To detect a butterfly pattern, specific Fibonacci retracement and extension levels are used This pattern is found in nature which is why it is…
Pine Script Tutorial – Overlay and Plot function
This article is about to draw on the chart. After a basic introduction of variables and identifiers, now we will learn about drawing on the chart. The beauty of pine script is that it has many built-in functions. This feature…