The Frontiers Of Trading

By:  Ivan Cavric   Keltner Channels is a popular technical indicator that can be used to identify overbought and oversold conditions in the market. It was developed by Chester W. Keltner in the 1960s and is based on the principle of using a moving average and a range-based calculation to create upper and lower bands around price action. The Keltner Channel consists of three lines: The middle line, which is a moving average of the price action. The upper line, which is calculated by adding the average true range (ATR) of the instrument to the middle line. The lower line, which is calculated by subtracting the ATR from the middle line. The ATR is a measure of volatility and is calculated by taking the average of the true range over a specified period. The true range is the greatest of the following: The difference between the current high and the previous close. The difference between the current low and the previous close. The difference between the current high and the current...

By:  Ivan Cavric   Renko chart is a popular trading tool used by traders to visualize the price movement of an asset in a unique way. The Renko chart indicator is not a traditional chart that displays the price movement over time. Instead, it uses bricks to represent price movement. In this article, we will explain what a Renko chart is and provide an example of how to use it. What is a Renko Chart? A Renko chart is a type of chart that is used to display price movements of an asset. It is unique in that it does not use time as the x-axis, but instead, it uses price movement to create blocks, or bricks, that are then stacked on top of each other. Each brick represents a set price movement, and the chart only displays new bricks when a certain price threshold is met. The Renko chart is designed to filter out minor price movements and help traders identify significant price trends. It is particularly useful in trending markets, where traditional charts can be misleading due...