Retail forex traders now can enjoy the same degree of technical analysis
once only available to the world's largest banks and institutional traders.
Advanced technical indicators come standard with DealBook® FX 2,
including Bollinger Bands, MACD, Linear Regressions, DMI, ATR and more
(see indicators list below).
In addition to some of the world's most popular indicators, DealBook®
FX 2 includes studies from technical analysis gurus, such Joe DiNapoli,
W.D. Gann, Fibonacci as well as Global Forex Trading proprietary indicators.
Apply and draw trend-lines directly on the forex charts, apply Fibonacci
retracements, fans and arcs, Gann fans, DiNapoli expansions and retracements,
then extend your prediction into the future by drawing the indicator
into "uncharted waters."
Our Indicators
Average True Range
The
Average True Range is a moving average of the True Range, which is the
difference between the True Range High and the True Range Low.
The current True Range High is the current high or the previous close,
whichever is greater. The current True Range Low is the current low
or previous close, whichever is lower. These values take into account
price changes during off-hours trading.
The Average True Range at the beginning of the data series is not defined
until there are enough values to fill the given period.
The Average True Range measures the volatility of a given forex trading
market. High values indicate that currency trading prices are changing
a large amount during the day. Low values indicate that prices are staying
relatively constant. Both trending and level prices can have high or
low volatility.
High volatility levels in forex can sometimes be used to time trend
reversals, such as forex market tops and bottoms. Low volatility levels
can sometimes be used to time the beginning of new upward currency trading
price trends following periods of consolidation.
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