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Guides

Practical, tested guides for trading with MT4 and MT5 indicators.

Bull Pennant Pattern: 132 Pennants Tested on D1 and H1 Charts

bull pennant - Bull Pennant Pattern: 132 Pennants Tested on D1 and H1 Charts

A bull pennant is a sharp rally that pauses in a short, narrowing range, and the textbook says price should then break higher and travel about as far again. We …

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Mean Reversion Trading: What 1,636 Forex Fades Showed

mean reversion trading - Mean Reversion Trading: What 1,636 Forex Fades Showed

Mean reversion trading bets that a price stretched far from its recent average will drift back toward it. This guide tests that bet on forex with one plain rule: fade …

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Market Manipulation in Forex: The 4pm Fix Scandal and Our Data

market manipulation - Market Manipulation in Forex: The 4pm Fix Scandal and Our Data

Market manipulation is any deliberate attempt to push a price away from where real supply and demand would set it. In forex, the best documented case is the 4pm London …

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Market Correction: How Deep and How Long in Forex and Gold

market correction - Market Correction: How Deep and How Long in Forex and Gold

A market correction is a fall of at least 10% from a recent closing high, but that rule comes from stock indexes and fits currencies and gold badly. This guide …

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Liquidity Sweep Explained: What 12,707 Daily Sweeps Did Next

liquidity sweep - Liquidity Sweep Explained: What 12,707 Daily Sweeps Did Next

A liquidity sweep is a candle that trades through a prior high or low, where stop orders tend to rest, then closes back on the other side of that level. …

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Quantitative Trading: Tuned on 2018-2022, Tested on 2023-2026

quantitative trading - Quantitative Trading: Tuned on 2018-2022, Tested on 2023-2026

Quantitative trading means trading from exact rules that a computer can test on past data before any money goes in. This guide covers what that takes: rules, data, testing and …

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Efficient Market Hypothesis: A Random-Walk Test on 23 FX Pairs

efficient market hypothesis - Efficient Market Hypothesis: A Random-Walk Test on 23 FX Pairs

The efficient market hypothesis says that prices already reflect the information traders have. If that holds, yesterday’s moves cannot tell you where price goes next. This guide explains the idea, …

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PO3 in Trading: ICT Power of Three Tested on 2,170 Days

po3 - PO3 in Trading: ICT Power of Three Tested on 2,170 Days

PO3 is the ICT name for the “power of three”: the idea that a daily candle forms in three phases. ICT calls them accumulation, manipulation and distribution. This guide tests …

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Killzones: ICT Session Times Tested on 2,170 Trading Days

killzones - Killzones: ICT Session Times Tested on 2,170 Trading Days

Killzones are four time windows, set in New York time, when ICT teaching says the big moves start. This guide gives the times in New York, London and UTC, shows …

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Most Valuable Currency in the World: Top 9 by Unit Value, 2026

most valuable currency in the world - Most Valuable Currency in the World: Top 9 by Unit Value, 2026

The most valuable currency in the world, measured by how many US dollars one unit buys, is the Kuwaiti dinar. At the quoted rate on 13 October 2026, one dinar …

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Weakest Currency in the World: 33 Currencies Ranked Two Ways

weakest currency in the world - Weakest Currency in the World: 33 Currencies Ranked Two Ways

The weakest currency in the world, measured by how many units one US dollar buys, was the Iranian rial in our data: 1 USD = 1,800,165 IRR at the quoted …

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VWMA Indicator: The Volume-Weighted Moving Average, Tested on FX

vwma indicator - VWMA Indicator: The Volume-Weighted Moving Average, Tested on FX

The VWMA indicator is a moving average that lets busy bars count for more than quiet ones. This guide settles three things: how the line is built, what “volume” means …

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Quadruple Top Pattern: Rules, Neckline and What Our Scan Found

quadruple top - Quadruple Top Pattern: Rules, Neckline and What Our Scan Found

A quadruple top is a chart pattern with four highs at about the same price. It completes when price closes below the lowest point between those highs. This guide shows …

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Diamond Bottom Pattern: 72 Daily Forex Patterns Tested

diamond bottom - Diamond Bottom Pattern: 72 Daily Forex Patterns Tested

A diamond bottom is a chart pattern that forms after a fall. Price swings widen for a while and then narrow, so lines across the highs and lows look like …

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Broadening Wedge Pattern: 644 Daily Forex Patterns Tested

broadening wedge - Broadening Wedge Pattern: 644 Daily Forex Patterns Tested

A broadening wedge is a chart pattern where two trend lines slope the same way and move apart, so each swing is wider than the last. This guide settles three …

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Three Drives Pattern: Ratios, Six Real Charts and Our FX Test

three drives pattern - Three Drives Pattern: Ratios, Six Real Charts and Our FX Test

The three drives pattern is a reversal shape built from three pushes in one direction, each to a new extreme, with two pullbacks in between. This guide settles one question: …

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H Pattern Trading: What 76 Daily Forex Patterns Did Next

h pattern - H Pattern Trading: What 76 Daily Forex Patterns Did Next

The H pattern is a bearish continuation shape: a sharp drop, a weak bounce, a retest of the low, then a close below it. The inverted H is the same …

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Volatility Contraction Pattern: What 134 Forex Bases Did

volatility contraction pattern - Volatility Contraction Pattern: What 134 Forex Bases Did

The volatility contraction pattern is a pause inside an uptrend where each pullback is shallower than the one before, until price closes above the top of the base. Mark Minervini …

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Adam and Eve Pattern: 183 Daily FX Double Bottoms Tested

adam and eve pattern - Adam and Eve Pattern: 183 Daily FX Double Bottoms Tested

The Adam and Eve pattern is a double bottom with a sharp first low and a wide, rounded second low. Many trading sites treat that mix as a stronger reversal …

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Turtle Trading Strategy: Both Systems Tested on 23 FX Pairs

turtle trading strategy - Turtle Trading Strategy: Both Systems Tested on 23 FX Pairs

The turtle trading strategy is a breakout system with fixed rules for entries, exits, stops and position size. It buys when price breaks the highest high of the last 20 …

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PPO Indicator: The Percentage MACD, Tested on 23 Forex Pairs

ppo indicator - PPO Indicator: The Percentage MACD, Tested on 23 Forex Pairs

The PPO indicator is the MACD rebuilt as a percentage, so one reading means the same thing on EURUSD, USDJPY or gold. This guide settles three questions. First, what the …

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Relative Volatility Index: Formula, Settings and 7,773 Crosses

relative volatility index - Relative Volatility Index: Formula, Settings and 7,773 Crosses

The relative volatility index is an RSI-style oscillator that asks a different question: on which days was volatility bigger, the up days or the down days? This guide settles what …

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Price Volume Trend Indicator: 4,520 Forex Crosses Tested

price volume trend indicator - Price Volume Trend Indicator: 4,520 Forex Crosses Tested

The price volume trend indicator adds up volume, but it scales each day’s volume by how far price moved in percent. So a big up day on busy tape lifts …

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VPVR Indicator: How the Visible Range Profile Works in Forex

vpvr indicator - VPVR Indicator: How the Visible Range Profile Works in Forex

The VPVR indicator is TradingView’s Visible Range Volume Profile: a sideways histogram that shows how much volume traded at each price inside the part of the chart you can see. …

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Squeeze Momentum Indicator: What 982 Squeezes Did Next

squeeze momentum indicator - Squeeze Momentum Indicator: What 982 Squeezes Did Next

The squeeze momentum indicator flags the moment Bollinger Bands slip inside a Keltner Channel, then shows which way momentum leans when they slip back out. Traders use it to spot …

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Triple Bottom Chart Pattern: 77 Daily FX Patterns Tested

triple bottom - Triple Bottom Chart Pattern: 77 Daily FX Patterns Tested

A triple bottom is a chart pattern where price falls to roughly the same low three times, bounces each time, and then closes above the highest point between those lows. …

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Key Reversal: What 2,330 Daily Signals Did Next on Forex

key reversal - Key Reversal: What 2,330 Daily Signals Did Next on Forex

A key reversal is a single bar that pushes to a fresh extreme and then closes back the other way. Many traders read it as an early sign that a …

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Key Level in Trading: Do Round Numbers Really Hold Better?

key level - Key Level in Trading: Do Round Numbers Really Hold Better?

A key level is a price where traders expect the market to react, so they place orders there and watch it closely. This guide settles three things: what counts as …

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Rounded Bottom Pattern: What 149 Forex Saucers Did Next

rounded bottom - Rounded Bottom Pattern: What 149 Forex Saucers Did Next

A rounded bottom is a slow, U-shaped low where price drifts down, flattens out and then climbs back toward where the fall began. This guide settles three questions. First, how …

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Shark Pattern: Ratios, Real Charts and What Our Test Found

shark pattern - Shark Pattern: Ratios, Real Charts and What Our Test Found

The shark pattern is a five-point harmonic reversal shape that Scott Carney introduced in 2011, and this guide settles one practical question: does it tell you anything on forex charts? …

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True Strength Index: Formula, Settings and 2,601 Tested Crosses

true strength index - True Strength Index: Formula, Settings and 2,601 Tested Crosses

The true strength index (TSI) is a momentum oscillator that smooths price change twice and then scales it between -100 and +100. This guide settles three things. First, it shows …

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Ascending Channel Pattern: What 399 Rising Channels Did Next

ascending channel pattern - Ascending Channel Pattern: What 399 Rising Channels Did Next

An ascending channel pattern is two rising, roughly parallel lines: one joins higher peaks, the other joins higher troughs, and price climbs between them. This guide settles what happened next …

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Judas Swing: How Often the London Open Really Fakes Out

judas swing - Judas Swing: How Often the London Open Really Fakes Out

A judas swing is a false move at the London open that runs one way, takes out nearby stops, and then reverses into the real move of the day. The …

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Break and Retest Strategy: 1,572 Daily FX Trades Tested

break and retest strategy - Break and Retest Strategy: 1,572 Daily FX Trades Tested

A break and retest strategy waits for price to close through a level, come back to it, and then hold on the new side before you enter. That is the …

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Megaphone Pattern: What 663 Broadening Shapes Did Next

megaphone pattern - Megaphone Pattern: What 663 Broadening Shapes Did Next

A megaphone pattern is a run of swings where each new peak sits higher and each new trough sits lower, so the price range widens like the bell of a …

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ORB Strategy: 12,568 Opening Range Breakout Trades Tested

orb strategy - ORB Strategy: 12,568 Opening Range Breakout Trades Tested

An ORB strategy trades the first break of the price range set in the opening minutes of a session. This guide settles one question with our own data: does the …

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Peaks and Troughs: How to Read Swing Highs and Lows on Forex

peaks and troughs - Peaks and Troughs: How to Read Swing Highs and Lows on Forex

Peaks and troughs are the turning points of a price chart: a peak is a swing high and a trough is a swing low. This guide settles three things. First, …

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Strat Patterns: The Strat’s 1-2-3 Bars and Setups Tested

strat patterns - Strat Patterns: The Strat's 1-2-3 Bars and Setups Tested

Strat patterns are short chains of numbered bars, where each number says how one bar relates to the bar before it. The method comes from The Strat, the bar-counting approach …

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3 Inside Up and Down (Three Inside): What 8 Years of Data Show

three inside - 3 Inside Up and Down (Three Inside): What 8 Years of Data Show

The 3 inside pattern, also called three inside up and down, is a three-candle reversal signal: a harami followed by a candle that closes past the first candle’s open. This …

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Relative Vigor Index: Formula, Settings and 6,553 Crosses Tested

relative vigor index - Relative Vigor Index: Formula, Settings and 6,553 Crosses Tested

The relative vigor index (RVI) asks one plain question of every bar: did it close nearer its high or its low, compared with where it opened? This guide settles what …

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When to Buy and Sell on Forex: The Hours That Move, Measured

when to buy and sell on forex - When to Buy and Sell on Forex: The Hours That Move, Measured

When to buy and sell on forex is really a question about time: which hours of the day the market actually moves, and which hours it mostly sits still. We …

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Propulsion Block ICT: How It Forms and How Often It Held

propulsion block ict - Propulsion Block ICT: How It Forms and How Often It Held

A propulsion block ICT setup is an order block that forms inside an earlier order block and then launches price away. This guide settles three things: what the pattern looks …

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ICC vs ICT Trading: What Each Is and How ICC Tested on 23 Pairs

icc vs ict trading - ICC vs ICT Trading: What Each Is and How ICC Tested on 23 Pairs

ICC vs ICT trading is a question about two very different things: ICC is a three-step entry pattern, while ICT is a whole vocabulary of price ideas. ICC stands for …

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Volume Footprint TradingView: How to Read It on Forex Charts

volume footprint tradingview - Volume Footprint TradingView: How to Read It on Forex Charts

The volume footprint TradingView chart type splits every candle into price rows and prints how much volume traded at each row, divided into a buy side and a sell side. …

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Volume Candlestick Chart: What Candle Width Shows in Forex

volume candlestick chart - Volume Candlestick Chart: What Candle Width Shows in Forex

A volume candlestick chart draws each candle with a width that grows with the volume traded in that bar, so price and activity sit in one picture. This guide settles …

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Zigzag Formula: Deviation, Depth and Backstep Explained

zigzag formula - Zigzag Formula: Deviation, Depth and Backstep Explained

The zigzag formula is simple: a new swing starts only after price turns back by a set amount from the last high or low. This guide settles three things. First, …

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Is Semafor Left or Right? Where the Dots Repaint, Measured

is semafor left or right - Is Semafor Left or Right? Where the Dots Repaint, Measured

Is Semafor left or right when it repaints? The answer is right. A Semafor dot can move, vanish or reappear only on the newest bars at the right edge of …

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RSI Color Code: What Red, Green and Grey Mean (Tested)

rsi color code - RSI Color Code: What Red, Green and Grey Mean (Tested)

An RSI color code is a simple key: red when the RSI is above 70, green when it is below 30, and grey for everything in between. This guide settles …

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Daily Forex Pips: How Far 23 Pairs Move in a Day, Measured

daily forex pips - Daily Forex Pips: How Far 23 Pairs Move in a Day, Measured

Daily forex pips is the number of pips a currency pair travels from its daily low to its daily high. We measured it on 23 pairs over the last 750 …

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EURUSD Technical Analysis: Levels and Ranges on 7 October 2026

eurusd technical analysis - EURUSD Technical Analysis: Levels and Ranges on 7 October 2026

EURUSD technical analysis is a structured read of the euro-dollar chart: where price sits against its averages, its recent highs and lows, and its normal daily range. This guide settles …

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Hypothetical Performance Disclosure: Simulated or hypothetical results carry built-in limitations, several of which are noted here. No claim is made that any account has achieved or is likely to achieve gains or losses comparable to those shown; in practice, live outcomes often diverge sharply from modelled ones. A key shortcoming of hypothetical figures is that they are usually constructed after the fact, with full knowledge of how the market moved. Back-tested trading also puts no real money on the line, so no simulated record can fully reflect how financial risk shapes live decisions. A trader's capacity to absorb drawdowns, or to keep following a system through a losing streak, materially affects real returns and cannot be reproduced in a model. Many further market and execution variables likewise escape any hypothetical calculation, and each can work against actual trading performance.

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