Camarilla indicator delivers on aud/usd

Camarilla indicator delivers on aud/usd

by Anna Coulling Comment Closed
Camarilla indicator delivers on AUD/USD https://www.youtube.com/watch?v=AMEOEowzUOI Support & resistance are an integral part of volume price analysis and as part of the Forex Program we have developed a number of tools to help us identify those key levels on a chart. The Camarilla indicator is one. Here we can see how it signalled the top in a move on the aud/usd. 00:14 Renko chart settings on NinjaTrader 8 00:14 The speaker discusses analyzing the Australian dollar using Renko charts on NinjaTrader 8, noting that the Renko settings differ from those in NinjaTrader 5. They mention the ability to add more indicators to Renko charts in NinjaTrader 8 and describe the price action as in congestion, having just moved above a key level. 00:54 Price levels and Camarillo indicator 00:54 The speaker discusses the R4 level currently at 4.3 pips, compared to a previous level at 2.7 pips which had a longer congestion phase. They mention the target was the R5 level. The Camarillo indicator used has six levels, unlike most...
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Volume price analysis and congestion phases

Volume price analysis and congestion phases

by Anna Coulling Comment Closed
Volume price analysis and congestion phases Volume Price Analysis & Congestion Phases A nice congestion phase building on the 5m chart for GBP/JPY, introducing several elements of volume price analysis. First, we have support and resistance. Here, we see a strong region of resistance forming, indicated by the red dashed line. This is on the accumulation and distribution indicator which displays graphically the strength of such regions. In other words, the thicker the line, the stronger the region, so a strong ceiling of resistance is building at 129.75. In addition, we are also trading at the volume point of control at 129.52. This is the fulcrum of the market at present, with no bullish or bearish bias. In other words, the market is in price agreement, where we have the heaviest concentration of volume. The key now is to wait for the breakaway from this region which will come - it's a question of being patient and waiting. And on the move away...
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