Forex encyclopedia

Random article: Mass Index
Mass Index is the tool for technical analysis applied to inform about a possible reversal of trend. Concept of Mass index implies that price change between High and Low makes the trend to changes its direction. The longer distance between lowest and highest points of price is, the higher volatility of finance instrument is observed. Mass Index is a rather sensitive indicator and is able to generate alerts on change of price direction when other indicators are not able to predict those reversals. Embossment of the indicator line acts as an alert of reversal of price movement.
Popular article: Renko Trading System
This type of chart is applied in technical analysis, which renders movement of the price in the form of diagonal rows consisting from rectangles (bricks). Each new rectangle is always built to the right from the previous one and its location is higher or below the previous Renko rectangle. Mentioned upward or downward movement of price (for example, each 10 points) is marked by adding rectangle below (above) and to the right from the previous one. Upward movement is indicated by a transparent brick whereas downward movement (below previous value) – by a colored brick.
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