Discussion of article "Patterns available when trading currency baskets"
MetaQuotes Software Corp.:
New article Patterns available when trading currency baskets has been published:
Author: Andrei Novichkov
Hi Andrei i am interested with this indicators. can you develop readily applicable for me for EUR/USD and
some other pairs?
Hi, kumarsk
Of course. WPR, or RSI, or STOCH for 28 pairs. Look at the image for an example (WPR).
Files:
EURCHFH1.png
51 kb
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New article Patterns available when trading currency baskets has been published:
Following up our previous article on the currency baskets trading principles, here we are going to analyze the patterns traders can detect. We will also consider the advantages and the drawbacks of each pattern and provide some recommendations on their use. The indicators based on Williams' oscillator will be used as analysis tools.
We should analyze the overbought/oversold levels crossing point. At the time of this writing, it is located at the closing of a three-hour candle 17.10.2016 on H1:
Author: Andrei Novichkov