How to Use the Indicators

The currency strength indicator was developed to help unravel the complex world of forex, into the basic building blocks of the currencies themselves which are then presented in a clear and intuative way. This helps to identify whether a currency is being bought or sold strongly and against which currencies, and from there it is then easy to identify potential trading opportunities, whether for trends, reversals or breakouts.

In this video we explain how to get the best out of the indicator and how to use it in association with the charts. One of the first principles with this indicator is to apply it to various timeframes, and the reason for this is very simple as once a trend begins to develop it will start in the fastest timeframe and gradually move through to the slower timeframes, if it is indeed a true change in trend. The indicator is the go to indicator before starting trading, and unravels the complexity of the markets and breaks this all down to the currencies themselves and in this video we consider the AUD/JPY in detail on the charts alongside.

In this video we explain the concepts and ideas behinh the currency matrix which takes us from the world of currencies and into the matrox of 28 pairs. Many forex traders struggle as they trade a chart isolation, unaware of whether the flows they are trading are universal in sentiment or not. In other words, are they trading with the flow of the market or against it? Counter trend trading is fine as long as you understand why and the rirks, but generally we want to be trading with the unversal flow for that currency, and this is where the currency matrix helps us. It identifies this clearly and simply on the ranking ladder, and once again is used in a multi timeframe approach.

In this video we explain the currency array indicator, which brings together the concepts of the currency matrix and adds the additional ideas of trend strength and momentum which can be seen clearly and simply in all timeframes. In addition the indicator also signals those extremes for currency pairs when moving towards the overbought and oversold states for the currency pair. Finally with the bookmark feature those currencies or currency pairs can be highlighted for clarity using the bookmark feature.

In this video we explain the currency heatmap which is essenatially two indicators in one. The first is the heatmap itself which displays currency strength and weakness across all 252 timeframes and pairs, simply easily and clearly. Then we have the currency ladder which takes a more considered view of the currency pairs which are weighted according the sentiment and timeframe. The heatmap has therefore been designed for all traders whatever the timescale, whilst the ranking ladder has been designed for longer term swing or trend traders with the pairs moving more slowly over hours, days and weeks.

In this short video we introduce the tick volumes indicator which is the go to indicator for all your volume price analysis as a VPA trader!

The trend monitor indicator was developed with one simple objective – to help you to stay in the trend which is the hardest thing to do in trading. It is when you have a good position in the market and the trend starts to pause and reverse, which is when the emotions start to kick in and take hold. This is the emotion of losing something you thought you had which is the strongest emotion of all – the emotion of loss, but of losing something you had already mentally banked.

The trends indicator is another designed to help you understand when a trend is underway and when it is moving into congestion, and is best used in conjunction with the trend monitor indicator in multiple timeframes. The trends indicator works very close to the price action and so you will see changes from bullish to bearish and into congestion very early, which is why you need to use it with the trend monitor which steps back from the price action. So one provides a close up view whilst the second offers a longer term perspective.

The dynamic support and resistance indicator presents these levels on MT5 in two different ways, with deeper regions appearing as solid lines and those areas of lighter support and resistance as dotted lines. These levels are extremely precise unlike many such indicators where such areas are vaguely drawn. The indicator prints these levels in the live price action and constantly calculates and recalculates these as regions are revisted and tested once more.

In this video we explain how to use the pivots indicator, which is perhaps not so obvious. The pivots indicator is a simple indicator yet one which can be used to help define congestions phases and trends in real time. In congestion phases they help to describe the development of the region with pivots then defining the floor and ceiling of support and resistance whilst in the trend it is the arrival of higher lows and higher highs or lower highs and lower lows coupled with the pivots which once again help to define the development of the trend in real time.

The volatility indicator is another which appears simple, yet is one which is immensley powerful when the concepts of volatility are truly understood and in particular those market participants who thrive on it! Volatility is generally associated with news or data releases, and as such the volatility indicator is triggered as soon as the price action moves outside the average true range. In other words when price action moves away from the ‘normal’ of what is generally expected in that timeframe and for that currency pair. This is also the time the market makers and insiders are at their most active, either particpating in genunine moves or trapping traders into weak positions which is often why the price action then reverts inside the spread of the candle once the indicator is triggered.

The volume point of control indicator is based on the concepts and ideas of market profile, and out simply is the represenation of volume price and time on the Y axis of the price chart. The introduction of time then creates the volume histogram which relates directly the those short and longer periods of congestion which then create the low volume and high volume nodes accordingly.

The heaviest volume on the chart is denoted by the volume point of control which acts as the fulcrum of the market where price is in agreement and so congests. Once price disagreement is in play the price action then develops away from the VPOC and approaches the high and low volume nodes which then signal the likely price action, with low volume nodes offering little opposition to price, and high volume nodes signalling potential congestion.

In this video we explain the ideas and concepts behind the renko chart, and then move on to consider the renko indicator in detail and how to use it. There are many ways to use the renko chart and indicator, whether as an intrday scalping tool or to assist in entries, exits and to help in staying in a trend once it is underway. And best of all, you can also attach all the Quantum Trading indicators to the chart along with the free indicators on the MT4 and MT5 platform

The Camarilla levels indicator is a new addition to the Quantum Trading indicator for MT4 and MT5 and is perhaps one few traders have come across. Its foundation is from the trading pits where the idea was developed from the use of floor pivots, and we have taken this to a new level by adding the R6 and S6 levels.

In this video we explain and introduce the three primary currencies all forex traders need to focus on, namely the USD, the Japanese Yen and the Euro. Three of these indices use a very simple basket of four currencies all equally weighted, whilst the DXY index is created along the lines of the older Dixie index where the weighting of the euro and pound is much greater, with the euro at nearlyt 58% and the British pound at 12% – so a very heavy weighting indeed. Some traders prefer this index, which is why we offer both with a very slight change where we replace the SEK with the AUD. Other then this all weightings are the same for the DXY. These indices are a key part of any forex traders armoury and provide a chart based view of the key currencies which helps to reinforce and underpin the price action on the charts and associated currency specific indicators.