Forex encyclopedia

We can divide all of the technical analysis methods into several groups: - Chart trading methods. We can predict the price movement just using a price chart or its transformed image. Traders mark resistance and support levels, channels and lines. They also apply a range of technical analysis patterns. - Technical indicators. Traders have been using most of them from the beginning of the last century. However they are commonly used only last ten years due to the Internet and the software which can calculate them easily.There is a wide range of forex technical analysis indicators in the marketplace.
Popular article: Time Series Forecast
Time Series Forecast (TSF) is an instrument of technical analysis including linear measurement of regression computed as per the method of least-squares. This indicator's operation is similar to linear regression in the part of determining presence/absence of trend on a considered time-frame. On chart TSF is drawn as the curve consisting of the last points of several lines of linear regression trend. Besides, TSF defines incline angle for trend (ascending or descending) and is able to forecast further movement of price on market. That is to say, under ascending trend Time Series Forecast defines its incline angle and through matching it with real price calculates its value in the next period of time. If tendency of price movement remains, the indicator is able to define course of its movement at a rather high precision.
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Forex encyclopedia
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