How good are you with indicators, oscillators, and others

1/7

Are you a technical analysis whiz, or do you sometimes feel like you’re drowning in a sea of trading jargon? This test is designed to help you brush up on your understanding of the technical analysis tools that traders use to predict price movements in financial markets. We’ll also give you some hints and tips along the way to help you out. Whether you’re a seasoned trader or just getting started, this test is a good way to challenge yourself and improve your skills. So, let’s get started!

The Average Directional Index (ADX) is used by professional investors and traders to determine what?
When a market trend has ended
ADX does not determine the end of a trend.
How strong the current trend is
Traders use the ADX to gauge the strength of the current trend.
Whether the trend is bullish
ADX does not determine a bullish trend.
Whether the trend is bearish
ADX does not determine a bearish trend.
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In a market situation where the loud bands expand while the quiet bands contract, the Bollinger band indicator is used to measure what?
Momentum
In this case, the Bollinger bands only measure the volatility, not the Momentum.
Volatility
Volatility is a primary measurement unit of the Bollinger bands.
Volume
In this case, the Bollinger bands only measure the volatility, not the volume.
None of the above
The Bollinger bands only measure volatility.
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The simplest way for you to calculate the Stochastic indicator is to?
Study the change in price from one closing period
The stochastic inductor doesn't measure price closure.
Identify the high-to-low range of the market period
Identifying the high-to-low range creates an index faster.
Know what the moving average of the price is
The Stochastic indicator does not measure the moving average.
Identify new highs and lows
The stochastic indicator is not aimed at identifying new highs and lows.
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For support and resistance indicators, what happens to the price when using Keltner Channel
Downtrend
During a downtrend, the price hangs around the bottom half of the channel.
Ranging
In ranging, the price does not hang around the bottom half of the channel.
Uptrend
In an uptrend, the price does not hang around the bottom of the channel.
Unstable
In an unstable market, the price does not hang around the bottom of the channel.
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When the fast line begins to move away from the slower line to indicate the formation of a new trend, what condition is the market said to be in?
Crossover
A crossover indicates the moving away of the fast line from the slower line.
Divergence
A divergence market does not indicate the moving away of the fast line from the slower line.
Convergence
A convergence market does not indicate the moving away of the fast line from the slower line.
None of the above
Deviation of the fast line from the slower line indicates a crossover market.
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Which of the following ways would you trade with the parabolic SAR indicator?
Buy when the Parabolic SAR dot is above the price
The parabolic SAR dot is not a buy signal when above the price.
Sell when the Parabolic SAR is below the price
The parabolic SAR dot is not a sell signal when below the price.
Sell when the Parabolic SAR is above the price
The parabolic SAR dot is a good sell signal when above the price.
Buy when the Parabolic SAR dot is below the price
The parabolic SAR dot is not a buy signal when below the price.
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When using oscillators, what is indicated when a change in momentum occurs?
That price will eventually go higher
Change in market momentum indicates a weak trend.
That the market is going to close down
Closure of the market is not a sign of changed momentum.
There is a weak trend in the view
When there is a weak trend, the momentum of the market changes.
That the market is building up
A building market does not reflect a change in momentum.
Back Check Result
0 out of 7 answers are correct

Hmmnn, seems like you are not quite great with the use of indicators. Don’t worry, there’s always room for improvement. To be better you might need to learn about risk and balance oscillators, stop placement, stochastic indicators. Don’t forget it is always interesting to trade and the more you trade, the easier it is for you to put into practice what you have learned.

Thumbs up, that was good! Please keep it up, soon you’ll be a pro. You can also broaden your knowledge on convergence oscillators, crossover indicators and scalpers. You might also need to study trendline indicators and chart patterns. Remember, you also can be an expert trader and you are already good enough to practice more and earn much more!

It seems like you have found your rhythm with trading indicators. Your performance shows that you are good to go with market analysis using some of the simple indicator tools. However, you can hone your trading skills by learning more advanced indicators and also reading the play into how to utilize each indicator for various market situations. 

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