Indicator – Page 26 – Stonehill Forex

McGinley Dynamic Indicator as a Baseline Indicator

Colored baseline from John McGinley that adapts to market conditions for trend identification.

McGinley's Our Man The McGinley Dynamic Indicator is our next baseline indicator choice. This indicator has been recognized as one of the most underrated and unpopular indicators. Ironically, it has also been acknowledged as one of the most reliable and functional as well, making it a great indicator for your trader’s toolbox. While the background math may ... Read more

Simple Moving Average as a Baseline Indicator

by Stonehill Forex

Welcome to the next Stonehill Forex Indicator Study. This research represents an investigative look into how and why some indicators work and some don’t work as well. New Versus Old We are departing from our usual practice by reviewing an indicator which is actually part of the downloaded MT4 platform. The reason why we chose ... Read more

ATR – The Most Important Indicator in the World

by Stonehill Forex

Welcome to the next Stonehill Forex Indicator Study. This research represents an investigative look into how and why some indicators work and some don’t work as well. Our Next Indicator Choice is… We’ve chosen the ATR (AVERAGE TRUE RANGE) as our next indicator choice. The ATR (Average True Range) is part of the MT4 platform indicator set. … Read more

Aroon Up and Down as a Confirmation Indicator

by Stonehill Forex

Trend identifying below chart two lines cross indicator from 1995.

Our Next Indicator Choice is… The Aroon Up and Down; also known as the Aroon indicator, is our next confirmation indicator choice. The indicator is derived by calculating how many periods since the last 25-period high (or low), subtracting from 25, dividing by 25, then multiplying by 100 and creates a signal when one line … Read more

Bears Bulls Impulse as a Confirmation Indicator

by Stonehill Forex

Impulse Speed We’ve chosen the Bears Bulls Impulse as our next confirmation indicator choice. This indicator is an adaptation of the Elder Ray Index indicator developed by Dr. Alexander Elder. The original version was developed in 1989 and was given the name Elder “Ray” because he felt it could see through the market, just as an X-Ray can ... Read more