We are excited to let you know that we continue to implement regular updates to our trading platform and have prepared a special treat for those, who trade using technical analysis. We have added some of the most popular technical indicators in the world.
Ichimoko (also known as Ichimoko cloud or Ichimoku Kinko Hyo) – a financial indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo is translated from Japanese as “one look equilibrium chart”. While it may look complicated from the first glance, it is a very straightforward and practically applicable tool.
The indicator consists of five plots each representing a certain value with respect to prices. For a time interval of one day those plots reflect:
The inputs for plots can be adjusted:
Fibionacci Retracement - the potential retracement of a financial asset's original move in price. Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. The tool is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction.
Fibionacci fan. The technique that is used for constructing this drawing tool is similar to the one that applies to the Fibionacci Retracement - a trend line is drawn between two extreme points. Afterwards, an "invisible" vertical line is automatically drawn through the second extreme point. Following this, three trend lines intersecting this invisible vertical line at Fibonacci levels of 38.2, 50, and 61.8 percent are drawn from the first extreme point.
Gann fan - type of technical analysis based on the concept that the market is geometric and cyclical in nature. To create a Gann Fan the middle line of time relative to price is drawn through two selected points. The first point is the one from which a series of angled lines extends. The second point is drawn to the right of the first and determines the rate of equivalence between time and price. The middle line can be of any angle and in case it has a 45-degree angle, it is also known as the 1x1 price/timeline. This is the price unit that equals to the time unit, so price and time are in perfect balance.
All of the aforementioned indicators have been automatically added to your trading platform and are ready to be used for your technical analysis. Our technical support team is always happy to assist in any inquiries you may have. Do not hesitate to contact us via email@example.com, as we will get back you in 2 minutes!