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Trader Resources: Identifying Extremes with the Consecutive Bar Count Indicator

Trader Resources: Identifying Extremes with the Consecutive Bar Count Indicator

John Kicklighter, Chief Strategist

Talking Points:

• There are few better measures of over-extended moves than high count bull or bear runs

• The Consecutive Bars Indicator offers a view of extreme moves on any time frames

• Pairing aggressive moves with larger trends and technicals helps highlight pullback setups

Download the Consecutive Bar Indicator Here

Watch the recording of the Trader Resources webinar series on the Consecutive Bars Indicator. Extreme runs are common place in the FX market, but how do we quickly identify them? We've created the Consecutive Bars Indicator as a measure for agressive moves on any time frame. A strong run alone is not a complete trade analysis, but combined with technicals (like dominant trends and trendlines) along with fundamentals (such as upcoming event risk), we can effectively spot acceleration points and short-term corrections in larger trends. We use this indicator in our analysis of USDJPY, the Dow Jones Industrial Average and AUDJPY.

Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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