Chart Indicators

An abundance of complicated chart indicators, studies and other tools has led some people to question the wisdom of this approach.

The average true range or ATR for short is a way of measuring volatility in price. One of the most useful aspects of it is that it captures both intraday volatility and between day volatility.

When working with a trading platform, we usually become accustomed to looking at charts in just one particular timeframe. Perhaps it’s the one that’s proven most profitable in the past.

In renko charts, price movements are reduced to a few simple patterns and that makes them effective at locating trends, reversals, supports and resistances.

Renko charts are a great way to analyze the market from a completely different perspective. If you like to cut to the chase and look at raw price action, then renko charts certainly are worth the time needed to learn them.

Fibonacci fan is primarily a tool for analysing trends. The most basic use of Fibonacci fan is to mark out lines of support and resistance within a trend channel.