Elder ray index indicator ko 1989 ma pehle bar designed kiya giya or es ki working same es he tarha hai jis tarha x ray machine kisi object ko dakhti hai. Es indicator kay kuch main components hoty hain jin ko samaj leya jaye to phr es ko operate karna bhot easy ho jata hai. Es indicator ki help sy ham market ma bull or bear ki strength ko measure kar saktyn hain. Es information ki base par ham ye predict karty hain kay future ma market kis side par move kar sakti hai or trader ko apni management kay laye kon sa rasta ikteyar karna chahe. Es post ma ham elder ray index ko detail kay sath discuss karyn gy es kay meaning or psychology ko determine karny ki khosis bi karyn gy. At the same time ham es indicator ki kuch limitations par bi discussion karyn gy.
What is Elder Ray Index Indicator.
Jesa kay pehle discuss ho chuka hai kay ye indicator market ma kisi pair ya commodity kay bull ya bear trend ki strength ko gauge karny kay laye use kiya jata hai. Hamy ye to pata hai kay market es time tak apna trend continue karti hai jb tak es ka trend strong hota hai. Agr market ka current trend weak ho jaye to phr es kay reversal kay chances increase ho jaty hain. Chart ki information ko trader use karty hain or agr trend ki strenght strong ho to wo trend ki direction ma trade ko open karty hain or agr ye weak ho to wo apni trade ko market kay against set karty hain. In short agr ham ye kahyn kay ye indicator trader ko bullish or bearish power kay bary ma guide karta hai to ye galat ni ho ga. Ye ik trend following indicator hai or ye information deta hai kay kb apni trades ko open karna hai or kb es ko close karna hai. Es indicator kay andar three seprating indicator hoty hain or ik n period par mabni moving average hoti hai. Thirdly es ma ik bear power indicator hota hai or last ma es kay andar he ik bull power indicator bi hota hai.
Method of reading and using elder ray index indicator.
Es indicator ko use kar kay agr ap market ki true picture ko hasil karna chahtyn hain to apko sary three components ko read karna ho ga. Ema kay tor par esi slope ko consider karna ho ga jo market ki direction ma move kar rahi ho or bullish power or bearish power waly jo component hoty hain wo histogram par draw kaye jaty hain. Hamy zero line kay relation kay sath es histogram ko read karna hota hai. Es kay distance ko measure karna hota hai kay ye increase kar rahi hai ya decrease kar raha hai. Bull or bear power histogram kay mutalik ik or bat jo note karna hoti hai wo price divergence hoti hai. Divergence es information ko kehty hain jb price wo high or low form kar rahi ho to histogram predict na kar rahi ho. Es sari information ko hamy compile kar kay apni trade ma use karna hota hai. Ye ik complex process hai jis ko carry karna easy ni hota or es laye trader es indicator ko zayada use karny ko prefer ni karty.
The Psychology Behind Elder Ray Index.
Market ma kisi bi pair ya commodity ni price es kay pariticpants kay sentiment par depend karti hai. En sentiment ma fear or greed bhot zayada importance kay hamil hain. Ye information he elder ray index show karny ki try karta hai. Ye indicator assume karta hai kay uptrend kay doran buyer bhot zayada greedy ho jaty hain or same es he tarha down trend ma seller bhot zayada greedy ho jaty hain. Ye participants ki greed he hoti hai jo uptrend ma higher high or down trend ma lower low point form karti rehti hai. Jesa kay pehle discuss ho chuka hai es indicator kay seperate 3 indicators hoty hain jo trader ko bull power or bear power ki shape ma information provide karty hain. So ap jb es indicator ko trade ma use karty hain to ap sb indicators ko ik kay bad ik kar kay load karty rehty hain. Ye calculation process ko complex bana deta hai or es laye participants es indicator ko like karna prefer ni karty.
What is Elder Ray Index Indicator.
Jesa kay pehle discuss ho chuka hai kay ye indicator market ma kisi pair ya commodity kay bull ya bear trend ki strength ko gauge karny kay laye use kiya jata hai. Hamy ye to pata hai kay market es time tak apna trend continue karti hai jb tak es ka trend strong hota hai. Agr market ka current trend weak ho jaye to phr es kay reversal kay chances increase ho jaty hain. Chart ki information ko trader use karty hain or agr trend ki strenght strong ho to wo trend ki direction ma trade ko open karty hain or agr ye weak ho to wo apni trade ko market kay against set karty hain. In short agr ham ye kahyn kay ye indicator trader ko bullish or bearish power kay bary ma guide karta hai to ye galat ni ho ga. Ye ik trend following indicator hai or ye information deta hai kay kb apni trades ko open karna hai or kb es ko close karna hai. Es indicator kay andar three seprating indicator hoty hain or ik n period par mabni moving average hoti hai. Thirdly es ma ik bear power indicator hota hai or last ma es kay andar he ik bull power indicator bi hota hai.
Method of reading and using elder ray index indicator.
Es indicator ko use kar kay agr ap market ki true picture ko hasil karna chahtyn hain to apko sary three components ko read karna ho ga. Ema kay tor par esi slope ko consider karna ho ga jo market ki direction ma move kar rahi ho or bullish power or bearish power waly jo component hoty hain wo histogram par draw kaye jaty hain. Hamy zero line kay relation kay sath es histogram ko read karna hota hai. Es kay distance ko measure karna hota hai kay ye increase kar rahi hai ya decrease kar raha hai. Bull or bear power histogram kay mutalik ik or bat jo note karna hoti hai wo price divergence hoti hai. Divergence es information ko kehty hain jb price wo high or low form kar rahi ho to histogram predict na kar rahi ho. Es sari information ko hamy compile kar kay apni trade ma use karna hota hai. Ye ik complex process hai jis ko carry karna easy ni hota or es laye trader es indicator ko zayada use karny ko prefer ni karty.
The Psychology Behind Elder Ray Index.
Market ma kisi bi pair ya commodity ni price es kay pariticpants kay sentiment par depend karti hai. En sentiment ma fear or greed bhot zayada importance kay hamil hain. Ye information he elder ray index show karny ki try karta hai. Ye indicator assume karta hai kay uptrend kay doran buyer bhot zayada greedy ho jaty hain or same es he tarha down trend ma seller bhot zayada greedy ho jaty hain. Ye participants ki greed he hoti hai jo uptrend ma higher high or down trend ma lower low point form karti rehti hai. Jesa kay pehle discuss ho chuka hai es indicator kay seperate 3 indicators hoty hain jo trader ko bull power or bear power ki shape ma information provide karty hain. So ap jb es indicator ko trade ma use karty hain to ap sb indicators ko ik kay bad ik kar kay load karty rehty hain. Ye calculation process ko complex bana deta hai or es laye participants es indicator ko like karna prefer ni karty.