Forex encyclopedia

Random article: Fibonacci Time Zones
Fibonacci Time Zones is the subsequent row of vertical lines with Fibonacci intervals 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 etc. This tool is used to define significant price changes on the basis of previous price fluctuations. The main point in drawing Fibonacci Time Zones is to correctly set starting and final points that will determine the length of a singular interval. To build vertical Fibonacci row in the MetaTrader 4 trading terminal, it is necessary to choose “Insert - Fibonacci Time Zones” in the toolbar and mark two pivots. Starting and ending points are usually marked on extreme values of prices (minimum - minimum, maximum - maximum, minimum – maximum and maximum - minimum).
Commodity Channel Index (CCI) was elaborated by Donald Lambert to identify potential reversal points. This indicator is universal and used on all markets. The indicator's principle states that movement of all finance instruments corresponds to certain cycles, whereas minimum and maximum points recur in certain periods of time. Besides, CCI is able to signalize about change of price speed.
New in Encyclopedia
Picture of the day
Forex Motivation
Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .