The top chart. Bollinger bands and an EMA . Yellow lines are BB bands, when they widen price drops/increases. Width =fluctuation size. Purple line is the avg and direction of the commodity. When that purple crosses the green (green is EMA, exponential moving avg) the commodity will change direction In value as well, much like the MACD works.
Cheers for sharing the chart! I am kinda familiar with most these indicators, except for MFI and Fibonacci mainly. I primarily use trend/momentum, candle formations, and a modified version of support & resistance. I am very serious about trading so it is great to be find like-minded & driven people to share ideas & collaborate with on RH and now here! Thanks again!
Stircrzy323
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@sek376, fibonacci is to gauge where support and resistance is and when they break.
MFI, as simple as I can put it, get in under 10, 60 is close to max range profit unless on a run, 80 you're greedy sell. Seems to work about 90% of the time. Look it up it's a great indicator.