The Shooting Star Trading Strategy requires no indicators. Let’s discuss the ways to trade without complicated indicators.
The Alligator is a classic trend indicator which is included in the top 5 most popular tools for market analysis. It works well with the Awesome Oscillator, since its developer Bill Williams created it specifically for use with the Alligator and Fractals. In our case, the strategy is complemented by the most popular oscillator – the Relative Strength Index (RSI). The system is suitable for Binomo and allows you to trade 1-minute fixed contracts.
There are thousands of various indicators of technical analysis, but if we want to look at just the main tools, we can literally count them on our fingers. The main tool is the Moving Average and it serves as the basis of the overwhelming majority of other indicators, including both trend ones and oscillators as well. In this article we will consider this tool from the point of view of theory and practice.
Trend indicators and oscillators are the most common types of technical analysis tools. Other types of indicators, like volume indicators for example, are used relatively rarely. If the main trend indicators are Moving Average, Bollinger Bands, MACD, and Alligator, then the main oscillator is RSI, which is the Relative Strength Index. In this article we will conduct a detailed review of this tool.