Questions about technical indicators in Forex charts

{}Posted in2023/2/25 21:40:39 | 8Browse

Q: What is a forexrebates ForexrebateforExness? What does it do? A: Moving cashbackforexexness represent the dynamic average of Forex rebate for Exnesss over a specified period Moving averages cashback forex used as trend indicators forexcashrebate are sometimes used to provide buy and sell signals Moving averages are lagging indicators because they always fall behind the price and cannot predict the price There are many different types of moving averages, the most common being the simple moving average (SMA), the exponential moving average (EMA) and weighted moving averages (WMA) Q: Can a moving average take the average of the highest and lowest prices? A: can not currently, moving averages can only take the opening price, the highest price, the lowest price or closing price, but not the average of these prices Q: What is the difference between a simple moving average and an indicator moving average? A: In the simple moving line, all price data within the period accounted for the same weighting while in the indicator moving average, the latest price data accounted for a greater weighting indicator moving averages and weighted moving averages can offset the lag of moving averages to some extent Q: How to draw a Fibonacci Retracement (FibonacciRetracement)? A: Fibonacci retracement is generally drawn from left to right, from a maximum price pole to a minimum price pole, or from a minimum price pole to a maximum price pole to draw a line Q: What is the role of Fibonacci retracement? A: Fibonacci retracement lines are used to show that prices are likely to retrace sharply from the original trend and to identify support and resistance points at key Fibonacci retracement levels before prices continue to move in the original direction These retracement levels are drawn by drawing a trend line between the two poles, and then by key 23.6%, 38.2%, 50%, 61.8% and 100% The Fibonacci ratio divides the vertical distance Q: How do you draw a trend line? A: An upward straight line needs to connect at least two consecutive lowest price points, the more points the better each consecutive point must be higher than the previous point with the opposite, the downward trend line is generally drawn by connecting two consecutive highest price points, each point is lower than the previous point Q: What is the role of the trend line? A: Trend lines are simple, but helpful in confirming the direction of the market trend This continuous line helps determine the trajectory of the market movement Drawing a trend line is a practical way to identify support lines/support points Whether a trend line is effective depends in part on the number of points connected and the length of time the trend line remains intact

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