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What are RSI? The RSI indicator is a technical analysis tool that measures the speed and momentum of recent price changes to gauge whether an asset's price is oversold or overbought. The RSI itself stands for "Relative Strength Index". RSI appears in the form of a line chart (oscillator) with a scale of zero (0) to (100) in the subwindow below the asset price chart. How Do RSIs Work? The way the RSI works is that it can be divided into two, namely as a tool for detecting overbought/oversold and divergence. The following is a complete description. Overbought occurs when the RSI line rises above the 70 threshold. In this situation, traders assume the asset price is already too expensive so that there is potential for it to move down next. A sell signal appears after the RSI line drops across the 70 threshold in a downward direction. Oversold occurs when the RSI line drops to the threshold of 30 or even lower. In this situation, the trader assumes that the asset price is already cheap so that it will move up next. A buy signal appears after the RSI line rises across the 30 threshold in an upward direction. Divergence occurs when the RSI line forms a low/high point that is opposite the low/high point formed on the asset price chart. Situations like this often indicate a trend reversal of price movements towards the direction indicated by the RSI. Why is RSI Helpful? We can conclude some of the benefits of RSI based on the description above, including: Assists traders in predicting asset price movements. Helping traders to confirm trend continuation or reversal (trend reversals & continuation). Helps traders find out whether an asset is oversold, overbought, or in a neutral position. Provides short term buy/sell signals for traders The best application of the RSI indicator for trend-following trading strategies. For example, to buy stocks when there is a pullback in a bullish trend. RSI can also detect trend changes (reversals) through divergence, but the accuracy is poor and requires confirmation from other indicators. RSI limitations The RSI indicator is most suitable for use in oscillating market conditions, namely situations where price pressures are balanced alternately between bullish and bearish. Conversely, the RSI indicator is less precise in conditions of a very strong price trend in one direction only (up or down). When the price trend is very bullish, the RSI line can stay in the overbought area for a very long time. Likewise, when the price trend is very bearish, the RSI line can inhabit the oversold area for months without ever rising above the 30 threshold. To overcome this drawback, traders can combine RSI with other indicators to create a reliable trading strategy. Several popular trading strategies pair the RSI indicator with MACD or Bollinger Bands. Alternative link trading binary options : quotex - https://quotexbrokerlogin.com www.qxbroker.xyz

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Easy trading with Moving Averages

Moving Average is a technical indicator that is often used to identify trend directions and is the most commonly used. Using the Moving Average indicator is a way to smooth out price fluctuations and help distinguish between the usual “noise” in the market and true trend reversals.

The definition of a moving average itself is the average movement of a number of fixed numbers within a certain period. Its application is to estimate a current trend movement which must determine the desired duration in accordance with the desired transaction expectations.

The moving average is a fully customizable indicator, which means that traders can freely choose whatever time frame they want when calculating the average. The most commonly used time periods in moving averages are 15, 20, 30, 50, 100, and 200 days. The shorter the timeframe used to average, the more sensitive it is to price changes. The longer the time span, the less sensitive the average will be

There are two types of moving averages that are most widely used, namely:

1. Simple Moving Averages (SMA)

The simple moving average (SMA) is one of the simplest moving average indicators and is widely used by traders in trading. The simple moving average is generated by calculating the average price that moves within a certain period. Most moving averages are based on closing prices. For example, a 5-day simple moving average is the sum of the five-day closing prices divided by five. As the name implies, the moving average is a moving average. Old data is removed as new data becomes available, causing the average to move along the time scale. The example below shows a 5-day moving average growing over three days.

Daily Closing Prices: 11,12,13,14,15,16,17

First day of high school 5 days: (11 + 12 + 13 + 14 + 15) / 5 = 13

Second day of 5-day SMA: (12 + 13 + 14 + 15 + 16) / 5 = 14

Third day of 5-day SMA: (13 + 14 + 15 + 16 + 17) / 5 = 15

The first day of the moving average includes only the last five days. The second day of the moving average lowers the first data point (11) and adds a new data point (16). The third day of the moving average continues by removing the first data point (12) and adding a new data point (17). In the example above, the price gradually increases from 11 to 17 over a total of seven days. Note that the moving average has also increased from 13 to 15 over the three-day calculation period. Also, note that each moving average value is just below the last price. For example, the moving average for the first day is 13 and the last price is 15. The price was lower the previous four days and this causes the moving average to lag.

The periods most frequently used by many traders in using the Simple Moving Average (SMA) are the SMA 50 and SMA 200 periods. Where these two indicators can be used as a reference for entries because they are considered to help reduce "noise" in market movements. As for SMA 50, it can be said that it is more responsive than SMA 200. You can see it in the following image:

2. Exponential Moving Average (EMA)

An exponential moving average is a type of moving average that gives more weight to recent prices in an effort to make them more responsive to new information. To calculate the EMA, you must first calculate the simple moving average (SMA) over a certain period of time. Next, you have to calculate a multiplier for the EMA weighting (referred to as the "smoothing factor"), which usually follows the formula: [2 / (selected timeframe + 1)]. So, for the 20-day moving average, the multiplier is [2 / (20 + 1)] = 0.0952. Then you use the smoothing factor combined with the previous EMA to arrive at the current value. Thus, the EMA gives a higher weight to the current price, while the SMA gives the same weight to all values.

The formula for the EMA combines the previous period's EMA values, which then combines the values for the previous period's EMA values, and so on. Each previous EMA value accounts for a fraction of the current value. Therefore, the current EMA value will change depending on how much of the previous data you use in your EMA calculations. Ideally, for a 100% accurate EMA, you should use every data point you have ever had in calculating the EMA, starting from day one of the calculation. It's not always practical, but the more data points used, the more accurate the EMA will be. The goal is to maximize accuracy while minimizing calculation time.

The following is an example of the difference between SMA and EMA

Seen in the picture above, how the EMA line (green) moves more responsively than the SMA line (red). From the picture above, it can be seen that EMA responds more quickly to price movements when it goes up or down compared to SMA.

Moving average indicators are widely used by traders because they have advantages over other trend types indicators, including:

1. As Identification of Trend Direction

The moving average indicator can filter random price movements, then describe it into a smoother and clearer trend based on the period used, compared to just looking at the trend using candlesticks alone. With moving averages, we can find out the dominant trend at that time. If the moving average indicator is above the price movement, it means that there is a downtrend . Conversely, if the moving average is below the price movement, it indicates an uptrend. Furthermore, if the moving average is successfully penetrated, it identifies a change in trend direction.

In the picture above it can be seen that the MA line is below the candlestick, which can be interpreted that there is an upward trend (bullish trend) .

2. Can Describe Support And Resistance

The moving average indicator can be used as a reference for psychological levels to determine support and resistance . When the price approaches the moving average level, often the price will bounce back so that the moving average looks like a fortress from price movements.

For more details, see the following picture:

In the image above, the SMA 200 and SMA 50 can function as support, where the price is unable to penetrate the SMA support level, then bounces back up. Support or Resistance using moving averages, usually quite accurate as a stronghold that is difficult to penetrate, especially with large periods, such as SMA 50 and SMA 200.

How to open a position using a moving average

Besides being able to be used as a trend indicator, moving averages can also be used as a reference for taking open positions. Some of the ways that can be used are as follows:

1. Open Position When A Crossover Occurs

Trading methods using crossovers or moving average line crossings are quite often used by traders as a reference for opening positions. What needs to be considered is when the small moving average crosses the large moving average, that's where it can be used as a reference for opening positions.

If the small moving average crosses above the large moving average, it can be used as a reference to open a buy/buy position. It can also be a signal for an uptrend. On the other hand, if the small moving average crosses below the large moving average, it can be used as a reference to open sell/sell positions. And this of course can be a signal for a downtrend.

2. Open Positions When Price Action Signals are Formed

To open this technical position, it is usually sufficient to use only one moving average indicator. Where in this case, moving averages can be used as dynamic support or resistance. If the price moves across the moving average from top to bottom, then the moving average will function as support. If the price closes later bounces off the moving average line, then this is a sign that the price will resume its bullish trend .

Vice versa, if the price moves to cut the MA from the bottom up, then the MA functions as resistance. If the price then closes bouncing off the MA line, it will be a sign that the price will return to its bearish trend . To confirm price pullback signals from MA as dynamic Support Resistance, we can use Price Action signals. For example, consider the following image

Conclusion

Basically there are many basic technical analysis that can be used as a guide for trading. Open positions using moving averages is one of the many methods of technical analysis in trading. Many traders use the moving average indicator in a different way. It all depends on how to interpret and utilize the information obtained from each indicator.

Whatever method of trading is used using the moving average indicator, please always remember that opening positions with the moving average indicator is only a means of identification and should not be used as a definite benchmark, let alone considered as a holy grail in trading.

Remember... indicators are just identification tools, not determinants of market movements.

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how to register quotex, how to login quotex, how to create a quotex account

Quotex is one of the reliable brokers that Doni Salmanan often promotes in his YouTube videos. Apart from sharing information about the world of trading, there are also tips and tricks for playing trading on Quotex.

For you Indonesian citizens who are interested and want to try trading on Quotex. The first requirement that must be owned is, of course, an official Quotex account that has been verified using a KTP or SIM document.

How to register for Quotex can also be said to be very easy, you can try it through the application or the latest Quotex website link. To make it clearer, you can follow the Quotex account registration tutorial which I will discuss in this article.

What is Quotex?

Quotex is the latest brokerage platform that provides foreign and virtual currency trading options. There are 42 international currencies and 19 virtual currencies (Crypto) that can be traded on this platform.

Until now, Quotex continues to grow to have millions of users from all over the world. Even Indonesia itself is one of the countries with the highest number of daily active users.

Interestingly, this platform already provides an official application that can be used on Android and iPhone cellphones. Then for PC or Laptop users, you can login to your account via the new Quotex link that hasn't been blocked.

how to create quotex account?

Since the official websites quotex.com and quotex.id have been blocked by the Indonesian government. You don't need to panic, because the Quotex account creation process can still be done through the newest website.

Read more : how to get profit in quotex?

Here's how to officially register for Quotex Indonesia:

1. First, open the official website link quotexlegit.com using a browser application, it can be Google Chrome or Safari.

2. Then click the button that says Create Account.

3. After that, fill in all the data needed for the Quotex account registration process. Starting from Email, Password and Currency.

4. After all the data is filled in, please check the Terms of Agreement & Service then click the button that says Register.

5. Then a notification appears to continue entering the trading page. At this point, please just click on the X image in the upper right corner.

6. After that, you will automatically enter the Quotex trading page. This means that your account has been successfully created.

After successfully registering for Quotex, the next step you need to take is to verify your account using an active Email Address and an Indonesian citizen identity card. Can use KTP or SIM.

How to Verify a Quotex Account

Apart from maintaining security, account verification is also needed when you want to withdraw funds to a local bank account. For those who don't know how, please follow the steps below.

Quotex account verification using id card :

1. First of all, click the Live Account option then select Profile

2. Then on the Identity Info menu, please look at the Email column then click the blue button that says RESEND.

3. Then open the GMAIL application and look for incoming messages from Quotex Indo. Up here click the button marked Email Confirmation.

4. Then on the Identity Info menu, please fill in all the required forms. Starting from First Name, Last Name, Date of Birth and Full Address, then click the button that says Change Identity Info.

5. Next, upload a KTP photo via the Document Verification menu.

6. Finally, when it's like this, you only need to wait for the Quotex account verification process to be successful.

7. Done.

Usually, the account verification process can take a maximum of 1 × 24 hours. If there is no answer after waiting for more than 1×24 hours, you can contact Quotex Customer Service via the Telegram application. how to log in quotex

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