Ultra-precise indicators for conventional charts
So why are many traders disappointed in the technical analysis? Everything is simple - the usual chart is built in the coordinate system "price-time", so almost all the standard indicators (stochastics, MA, MACD, etc.) it will be late, which means that for accurate inputs in the Arsenal of the speculator are only indicators of volumes and different levels.
Unfortunately, it is impossible to calculate real volumes in the foreign exchange market, so we have to work with the so-called "tick data", but this is their main advantage, because the number of price fluctuations reflects trading activity, and therefore allows us to determine the rapid reversal of the trend in advance.
Such high-precision indicators are included in the standard set of any terminal and are called Accumulation/Distribution and On Balance Volume. Yes, they are also tied to the time, as they are designed to give an objective assessment of price fluctuations on each new candle, but the fact is that divergences on these indicators allow you to gain a position before the crowd on the market will see the actual trend reversal.
The OBV indicator, according to my observations, is less sensitive to changes in the balance of market forces, but it also generates good buy and sell signals just before the reversal momentum. As for the level indicators, the most accurate of them is the algorithm that builds Murrey levels (in the network it is called – Murrey Levels).
It is noteworthy that the price bounces off many levels (especially the blue ones) in the vast majority of cases point to point, which makes them indispensable both for forecasting goals and for setting stop losses.
Below to offer your attention some of the indicators of the levels of the Murrey Levels.
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