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Forex Charting Software
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Version
5
Forex Charting Software
Forex charting software can encompass a variety of
computer programs that facilitate the review of
foreign exchange rates using technical analysis
methods. The more basic programs of this type will
usually allow you to plot the progress of exchange
rates over time for several time periods, to overlay
some of the more popular technical indicators like
RSIs and Moving Averages, and to draw trend lines.
More sophisticated charting software generally offers
some support for traders using Elliot Wave Theory to
analyze exchange rate movements that would include
calculating Fibonacci retracement and projection
levels. Additional advanced forex charting software
features might include: more advanced line-drawing
options that include channels and Gann lines,
computing and displaying Pivot Points, as well as
providing a wider range of increasingly-complex
technical indicators.
An even higher level of charting software often
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