In this morning’s forex trading session, David and I explained the price cycle for forex markets, and through the prism of the Quantum Trading currency strength indicator. This indicator for MT4, MT5, and NinjaTrader describes the journey every currency makes from overbought to oversold and back again and reflecting the Wyckoffian principles of primary and secondary trends, as well as explaining how markets move from accumulation to distribution and back again in all time-frames.
All of this is of course underpinned by their core methodology which is volume price analysis and which is complemented with the full suite of tools and indicators from Quantum Trading.
By Anna Coulling
Charts from MT5 and NinjaTrader