- Mayıs 24, 2013
- Yayınlayan: Forex Wiki Ekibi
- Kategori: Forex Ticaret Sistemi
Understanding the chart
This is an article I wrote some time ago:
bu çizelge is a set of data containing information about fiyat hareketi presented in a certain graphic form, A görsel form. The chart is the history of price action written in a specific picture alphabet – Candle alphabet, Bar alphabet veya Linear alphabet. Data containing information about price levels is sent by the broker’s server in information packs called keneler, and drawn by a computer programme as an element of the chart. bu linear chart contains the least information about price action, because it is presented as a linear set of averaged price levels starting at the Açık value and ending at the Kapalı value of a given period of time (Zaman aralığı).
bu linear chart shows the akım pretty well, Yine de, it does not show any other information, özellikle, we can Olumsuz see the Yüksek Ve Düşük price levels in the given Zaman aralığı, 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 ortalama run of the price itibaren the Açık fiyat, ile the Kapalı fiyat.
bu Bar chart and the Mum chart contain the tam dolu information about OHLC seviyeler.
bu Candle chart provides a much more visualy temizlemek picture of price action in a given Timeframe. As we can clearly see, A Mum consists of three areas: the candle body (from Open to Kapalı), the upper shadow, the lower shadow. From the structure of the candle, we read the Açık price level, the Yüksek price level, the Düşük price level and the Kapalı price level. Başka bir deyişle, 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, O:
Ø At such and such hour, the price tested a higher level, but found some Rezistans (Yüksek) and began falling (upper shadow).
Ø The price fell down to a certain level and found some Destek (Düşük), and there it stopped falling further.
Ø The price turned back upwards somewhat and Kapalı at a lower level than the previous Mum (lower shadow).
Ø Böylece, the trend in this period of time was Bearish.
In the exact same way, we can read her biri Mum, on every or any Zaman aralığı çizelge.
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, Şimdi, 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 Düşük seviye, Ve Kapalı lower than the preceding Candle, thus confirming the Bearish akım.
Ø In the hour after that, the price still dropped, created a new Düşük seviye, Ve Kapalı lower than the preceding Candle. Fakat, we notice that the bodies of the last two Candles are much shorter than the body of the Candle we started with, Bu yüzden, 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. Böylece, 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.
bu Yüksek price level is the Rezistans level for that hour – isn’t it?
bu Düşük price level is the Destek level for that hour – isn’t it?
Böylece, what are the shadow areas of Candles, if not Resistance and Support Zones for the given period of time?
Following this trail, Resistance and Support Zones for a given Candle are nothing other than Fiyat Consolidation Zones (equilibrium or balance of Buyers Ve Sellers) in a smaller period of time. There were still Buyers at the Açık fiyat, so the price went yukarı. There were no more Buyers at the Yüksek fiyat, Ve Sellers took over, so the price went aşağı. There were no more Sellers at the Düşük fiyat, and the price started to go up again. The price went up until the Kapalı seviye, Neresi, 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, Burada!
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!
Ve, as with any other tool, it can be missused, ilave olarak.
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 fantastik, 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.mq4 45 KB | 1,494 download | nisan yüklendi 11, 2013 5:23öğleden sonra
Custom_Zone_Candle_with_Index.ex4 38 KB | 891 İndirilenler | nisan yüklendi 11, 2013 5:23öğleden sonra Multi_Zone_Candle_OHLC_Lines.ex4 33 KB | 863 İndirilenler | nisan yüklendi 11, 2013 5:27öğleden sonra Daily_Range_Stats.mq4 16 KB | 755 İndirilenler | nisan yüklendi 25, 2013 9:51ben Daily_Range_Stats.ex4 19 KB | 505 İndirilenler | nisan yüklendi 25, 2013 9:52ben
