Most traders will have favourite indicators and likely some routine for using T/A but sometimes using a set of pre-defined T/A instruments are not enough to get a wider picture of a market. The goal is to understand that there are other factors that play a role in price movement and sometimes these are not generally well indicated by common standalone T/A. These methods can help to validate more common methods in your artillery. So how can we measure other influences?
TIME-BASED METHODS | – A better measure of resistance and support resistance. – Better data for showing overbought and oversold markets. – Help Gain a better knowledge along with extremes within a trading day. |
INDICATOR TYPES | – Market Profile. – Range Deviation Pivots. – Volatility Time bands. – Kase Peak Oscillator. |
Market Profile is very efficient in understanding price action. MP is in short, a charting technique which links Price Time and Volume.