vfxAlert — professional software for technical analysis
Every day many traders try to get a profit using various tools and techniques. Some of them just take on a chance, but the majority rely on technical analysis. Technical analysis is a means of examining the price movement, by using the data of historical price charts and market statistics. Technical analysis is based on the idea that traders can predict future price trajectories utilizing the previous market patterns. To identify such trajectories during the technical analysis there is necessary to use various indicators, for example, moving averages, Bollinger bands, stochastic oscillator, etc.
vfxAlert is the software that allows to track the live signals and assess the market situation using various analytical tools. These tools are created to simplify the process of technical analysis and to give the trader all necessary and reliable data. Using these data the trader can analyze the trend and forecast the foreign exchange rates. In one working window, the subscriber sees both the trading signal and the broker’s platform. All he needs is to choose the necessary broker.
vfxAlert signal
vfxAlert signal has a detailed structure that is destined to give all the necessary data to the trader.
Structure of vfxAlert signal
1. Asset — currency pair you work with.
2. Price — price when a signal emerges.
3. Time — the time when a signal emerges.
4. Expiration — the time of the signal’s expiration.
5. Power — number of profitable options in the past with the current combination of indicators.
6. Signal — CALL or PUT options.
7. Algorithm — algorithm of signal generation.
8. Heatmap — Statistical winning percentage calculated for the values of the technical indicator on different timeframes.
Instruments for technical analysis
The main instruments for the technical analysis are the signal power and heatmaps. Power and Heatmaps — it is statistical information on successful signals. Signal power shows the percentage of profitable options (Power). Heatmap shows the movement of price from the last max/min points. The "warmer" (brighter) the price, the closer is the possible trend reversal. For the analysis of heatmaps, it is sufficient to calculate the values of the nearest periods relative to the signal's expiration time. If you want to identify the right moment to sell or buy the asset, use the market trends. Market trends display the movement of bullish and bearish trends during a certain time period.
How to start working with vfxAlert
First of all, start with the Free account. Here you can practice and elaborate on the trading strategy. Then, you can move to the Pro account. On the Pro account, all analytical instruments will be available to you. If you want to download the application on your PC, follow here. Your success starts today with vfxAlert!