Forex (Foreign Exchange) is an international currency trading market. In this market, you can buy and sell financial instruments corresponding to the different currencies.
Trading Forex is a risky business, You may lose money. Please consider this before opening an account with any broker.
The Coppock Curve is a momentum oscillator indicator.
Trend recognition:
In an uptrend, the indicator stays above the zero line most of the time.
In a downtrend you will see the Coppock curve spends more time below the zero line.
Trading Signal:
I prefer to use only buy signals on stocks and indices but you may consider adopting its sell signals especially if you are trading Forex.
Buy signal: When the indicator crosses above the zero line.
Sell Signal: When the indicator crosses below the zero line from the above.
Happy trading! FOR THE VIDEO, PLEASR CLICK HERE
The Commodity Channel Index (CCI) measures the difference between the current price and the historical average price.
High readings of 100 or above, indicate the price is well above the historic average and we are in an uptrend.
Low readings below -100, indicate the price is well below the historic average and the commodity (Or any other instrument) is in a strong downtrend.
🔑The best time to short is when we are in a downtrend and the indicator retraces down from the area between 0 and +100.
🔑Best time to buy is when we are in an uptrend and the indicator crosses the zero line from above to below. FOR THE LINK TO THE VIDEO, PLEASE CLICK HERE
The detrended price oscillator (DPO) is an indicator that does not react to the most current price action by using a displaced moving average instead of the real price. It attempts to eliminate long-term trends in prices. This is good to figure out overbought and oversold levels.My strategy to use DPO:In trendy markets, use the signal. Crosszero line from above to below is a sell and from below to above is a buy signal.In sideways, predict the price cycles and open positions accordingly.Happy trading! Link to video. Please click here.
✔This indicator runs from -100 to 100.
✔The values above 50 are considered overbought and values below -50 oversold.
✔The higher the magnitude or absolute value of the indicator the stronger the trend.
✔We can combine this with a MA (the period between half to a third of the CMO) to get early entry signals. Please click for the link to the video.
