#Live currency rates chart how to#
#Live currency rates chart professional#

The Japanese candlestick theory establishes a series of patterns which are statistically previous to potential change or interruption of trends, a turning point in a current trend, etc.Īs always, this type of tool has to be used as an indication of a possible favorable position to be taken, but it’s necessary to combine them with other techniques. This tool is very useful to get an immediate notification being displayed as soon as the pattern occurs. It’s a recommended tool for those traders that use Candlesticks to take trading decisions. Our Interactive plot offers you indicators to detect patterns on Japanese Candlesticks (see the list of Candlestick Patterns below).

#Live currency rates chart how to#

How to add Regression lines.Ĭandlestick Patterns Recognition Indicators

How to add Retracements and Arcs.ĭetermine trend direction with Linear Regression lines: linear regression analyzes two separate variables, price and time, in order to define a single relationship and predict price trends. While retracements are concerned with just the magnitude of moves, Arcs factor both magnitude and time, offering areas of future support or resistance that will move as time progresses. It can be calculated following different mathematical concepts (Fibonacci, Gann…). These tools let you draw studies about the possible developments of a price based on its previous move. Map out the magnitude of price moves with Retracements and Arcs. It can help you define the price’s future movement range and its medium point. It’s a technical drawing tool that uses three parallel trendlines to identify levels of support and resistance. How to change your table into Equivolume.Įstablish profitable opportunities and swing possibilities with it. A very handy feature for those strategies whose key factor is volume. That creates a clear visualization of the volume increase or decrease of an asset’s diagram. This tool draws the bars following their traded volume at a precise point in time ( the wider the bar, the bigger the volume). With Equivolume, you can plot price and volume activity on a single graph, instead of having volume added as an indicator on the side.

How to change your board into Heikin Ashi. This forex plot type is not considered to be valid to take positions but rather to perform a follow-up of your trading positions. It’s a tool you can use to improve the isolation of trends ( cancelling noise on the graph) and predict future prices. The Heikin-Ashi technique helps you identify a trend more easily and detect trading opportunities.

#Live currency rates chart professional#

Heikin Ashi graph helps you detect trend - a feature you will only find on professional platforms.