- 5月 24, 2013
- 投稿者: 外国為替Wikiチーム
- カテゴリー: 外国為替取引システム
Understanding the chart
This is an article I wrote some time ago:
の チャート is a set of data containing information about 価格アクション presented in a certain graphic form, ある ビジュアル form. The chart is the history of price action written in a specific picture alphabet – Candle alphabet, Bar alphabet または Linear alphabet. Data containing information about price levels is sent by the broker’s server in information packs called ticks, and drawn by a computer programme as an element of the chart. の linear chart contains the least information about price action, because it is presented as a linear set of averaged price levels starting at the 開ける value and ending at the Close value of a given period of time (時間枠).
の linear chart shows the 傾向 pretty well, しかし, it does not show any other information, 特に, we can ない see the High そして Low price levels in the given 時間枠, and it is difficult to recognize the beginning and end of each time period, thus, we cannot see the price action in this period of time. We can only see the average run of the price から の 開ける 価格, に の Close 価格.
の Bar chart and the Candle chart contain the full information について OHLC レベル.
の Candle chart provides a much more visualy クリア picture of price action in a given Timeframe. As we can clearly see, ある Candle consists of three areas: the candle body (from Open to Close), the upper shadow, the lower shadow. From the structure of the candle, we read the 開ける price level, の High price level, の Low price level and the Close price level. In other words, we can see what the price was doing in the given Timeframe. We do not need to read the actual OHLC values, it is enough that we can see, それ:
Ø At such and such hour, the price tested a higher level, but found some Resistance (High) and began falling (upper shadow).
Ø The price fell down to a certain level and found some サポート (Low), and there it stopped falling further.
Ø The price turned back upwards somewhat and Closed at a lower level than the previous Candle (lower shadow).
Ø したがって, the trend in this period of time was Bearish.
In the exact same way, we can read それぞれ Candle, on every or any 時間枠 チャート.
Reading each Candle, one by one, we get the whole story, the history of the price. We see the price action. We are able to read the chart. All other indicators, suddenly, become useless, because we can read the chart itself, and we can see it all. Indicators which, in theory, are supposed to show trend, take their data directly from the charts, not from another source. Since we can, now, see it for ourselves on the chart, what do we need any indicators for?
Ø In the following hour, the price dropped some more, created a new Low レベル, そして Closed lower than the preceding Candle, thus confirming the Bearish 傾向.
Ø In the hour after that, the price still dropped, created a new Low レベル, そして Closed lower than the preceding Candle. しかし, we notice that the bodies of the last two Candles are much shorter than the body of the Candle we started with, それで, obviously the trend is weaker, though still there.
Ø In the still next hour, the body of the Candle is even shorter and we can see the upper and lower shadows. したがって, the price tested a lower level, found Support, tested a higher level, found Resistance, Closed lower than the preceding Candle, so the trend is still Bearish, but the price is, obviously, consolidating.
Let us take a look, again, at the Candle we startet out with.
の High price level is the Resistance level for that hour – isn’t it?
の Low price level is the サポート level for that hour – isn’t it?
したがって, what are the shadow areas of Candles, if not Resistance and Support ゾーン for the given period of time?
Following this trail, Resistance and Support ゾーン for a given Candle are nothing other than 価格 Consolidation Zones (equilibrium or balance of Buyers そして Sellers) in a smaller period of time. There were still Buyers at the 開ける 価格, so the price went 上. There were no more Buyers at the High 価格, そして Sellers took over, so the price went down. There were no more Sellers at the Low 価格, and the price started to go up again. The price went up until the Close レベル, where, again, the Sellers took over. With the help of a simple MT4 tool, the rectangle, we can draw such Zones, and we see even more clearly what is going on, ここ!
We cannot see that on the linear chart. We can, on the Bar chart, but not as clearly.
Continuation in next post due to picture limitation per post.
All of my indicator-tools have been designed in order to assist the Forex Trader in the process of learning Price Action and
the Supply/Demand Trading concept on demo accounts.
Any other usage of these indicator-tools is solely at the risk and responsibility of the individual Trader.
As with any tool, the proper usage depends on proper training and experience.
Any tool can be used in the occasional amateur style, the proffesional skilled craftsmen style, or the artists style!
And, as with any other tool, it can be missused, as well.
It is the investor/trader who makes the final decisions and judges or diagnoses the potential,
and it is the investor who is the amateur, the proffesional skilled craftsman, or the artist!
Just like the manufacturers of the simple hammer can not take responsibility for the effects or damages
arrising from using their simple tool, the creator of the tools presented herein can not take any responsibility,
whatsoever, for the effects or damages arrising directly or indirectly from using theForex Trade Supporting tools.
Loss or Profit in Forex Trading is the sole responsibility and sole risk of the investor/trader, and has nothing to do,
whatsoever, with any available tool, indicator or other computer programme.
There are a number of different factors, other than the tools themselves, which lead to success or failure in any trade,
including Forex Trading. It is extremely important to understand, that it is the investor’s ability to make the right decisions
at the right moments which lead to success, and the tools, no matter how fantastic, are only the Supportive Aid,
and not the decisive factor.
It is strongly advisable to thoroughly learn Price Action in Day Trading by Dadas as explained in this thread,
before applying the tools to your charts and trying to use the concept.
Attached, some helping tools.
Custom_Zone_Candle_with_Index.ex4 38 KB | 891 ダウンロード | 4月をアップロードしました 11, 2013 5:23午後 Multi_Zone_Candle_OHLC_Lines.ex4 33 KB | 863 ダウンロード | 4月をアップロードしました 11, 2013 5:27午後
Daily_Range_Stats.mq4 16 KB | 755 ダウンロード | 4月をアップロードしました 25, 2013 9:51午前 Daily_Range_Stats.ex4 19 KB | 505 ダウンロード | 4月をアップロードしました 25, 2013 9:52午前
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