Which is a better indicator ?
ROMAN5, 2013.06.11 08:15
yes, basically it read from historical..
tonny, 2013.06.13 10:40
some people just don't like indicators.. only candles
but i made better indicator using RSI and its EMA..
i think it's best for me.
hi raptorUK.. maybe but trade can't handle with just a feeling to buy or sell. Or they don't care about tech. analysis.
You need a guidance to read a market and then make a decision. (we talk about technical analysis right..?)
I have read some thesis they claim to predict the price as well as the volatility with wavelet analysis and data mining techniques.
Two of them are indeed very interesting but who is going to code such an advanced techniques is another big battle.
I think it's because most traders and big players use candles chart to draw theirs support and resistance. It is surely not the only way, but it's the most probable way. If a resistance line as draw the same way by x% of the traders, more x is high more the probability this line become actually a resistance is high.