To All SR. Members
Whether Trend is Up or Down that doesnot matter but one should
catch a ship of Trend & leave it before its reversal
I have Fibotrader Free software , trying to detect trend with so many indicators , reading book on candlestick pattern.
But still not successful totally in early detection or at the innitial time of trend
so I am in need of a software which will indicate that whether the share is trending , also which measures strength of trend & which can give early detection of reversal of trend.
I have no Metastok or Amibroker as I am a Newbie here , Kindly tell me whether it has this facility
or tell me which indicators i should use & how in fibotrader to detect trend early or its in innitial period along with detection of reversal of trend
( what is happening with me is when i noticed trend its nearly 30% journey is over & after that one reverse colour candle or doji comes i.e if trend is up , then for some prd it goes down & vice versa in this case how to recognise that it is not reversal of trend )
I am interested in short term trend only i.e. 6 to 10 days max.
I also post the same thread in TechAnalysis Forum as it relates to working with TA indicators to trace trend & its reversal
Kindly help me
Whether Trend is Up or Down that doesnot matter but one should
catch a ship of Trend & leave it before its reversal
I have Fibotrader Free software , trying to detect trend with so many indicators , reading book on candlestick pattern.
But still not successful totally in early detection or at the innitial time of trend
so I am in need of a software which will indicate that whether the share is trending , also which measures strength of trend & which can give early detection of reversal of trend.
I have no Metastok or Amibroker as I am a Newbie here , Kindly tell me whether it has this facility
or tell me which indicators i should use & how in fibotrader to detect trend early or its in innitial period along with detection of reversal of trend
( what is happening with me is when i noticed trend its nearly 30% journey is over & after that one reverse colour candle or doji comes i.e if trend is up , then for some prd it goes down & vice versa in this case how to recognise that it is not reversal of trend )
I am interested in short term trend only i.e. 6 to 10 days max.
I also post the same thread in TechAnalysis Forum as it relates to working with TA indicators to trace trend & its reversal
Kindly help me