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Random article: Accumulation Distribution Indicator
In measurement formula for Joe Granville indicator, close prices compared with the purpose of adding or deducting of volume, whereas Williams' indicator open and close prices are compared. Marc Chaikin compares close prices with the middle of range from minimum to maximum. The history of indicator is interesting on its own. In Larry Williams formula, Chaikin substituted open price for price of range. The reason of change was not that he considered it wrong, but that he was not able to find data on prices of opening. That time prices were taken from daily papers, which, due to some reason, stopped publishing prices of opening.
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Popular article: Fibonacci Spiral and Fibonacci Time Projection
The Fibonacci Spiral & Fibonacci Time Projection is among the popular Fibonacci Studies on the Forex market. Using these two methods in combination help traders to determine powerful support and resistance levels of the market along with time prediction. While the Fibonacci Time Projection is quite common and its rules are clear, the Fibonacci Spiral strategies can be used in different ways.
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Fibonacci Forex Channel. Fibonacci in forex
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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!
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