With trend following growing in popularity, there is an abundance of trend indicators to choose from. When I heard about the catchy Supertrend indicator, I knew I had to check it out. What is the Supertrend Indicator? The Supertrend is not available in MT4 by default, but you can download it here (together with the […]
Bollinger Bands vs. Keltner Channels – TradingTact
Keltner Channels were first introduced by Chester Keltner in his 1960 book, How to Make Money in Commodities, and subsequently updated by Linda Raschke. Similar to Bollinger Bands, they consist of a pair of volatility-based envelopes positioned above and below a middle moving average. Keltner Channels Calculations Middle line: Exponential moving average of the typical price […]
forex market Archives – TradingTact
The forex market is the largest and most liquid financial market in the world. According to the Bank of International Settlements, the forex daily turnover exceeds $6 trillion. Who are the major players in this market? Read on to find out! 1. Central Banks Central…
Bollinger Bands Free Bar Trading Strategy – TradingTact
Bollinger Bands are the gift that just keep giving. They’re simple and easily applicable to both trend following and countertrend strategies. Here I’ll introduce yet another way to use Bollinger Bands to fade temporary overextensions. Bollinger Bands in a Nutshell Bollinger Bands consist of a simple moving average, with a pair of bands plotted at […]
What Is the QQE Indicator? – TradingTact
The Quantitative Qualitative Estimation (QQE) indicator is derived from Wilder’s famous Relative Strength Index (RSI). In essence, the QQE is a heavily smoothed RSI. Both the QQE and traditional RSI are plotted below for the USDJPY. Notice how the traditional RSI and the QQE’s smoothed RSI line follow price action with little lag. Unlike the […]