Forex Internals

Trade the forex market from the inside
FXI Instant Trendline / Instant Rainbow Explained
 Instant Trendline Indicator 

 Instant Rainbow Indicator

The Instant Trendline indicator displays an extremely low latency trendline for the currency pair that you have on the chart.

 

 

 

 

 

 

 

 

 

The Instant Rainbow Indicator displays the same extremely low latency trendline that is displayed in the FXI - Instant Trendline indicator but does so for multiple timeframes all at once.

 

 

 

 

 

 

 

 

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FXI - Keltner Channel Screen Shots

The FXI - Keltner Channel indicator displays a standard moving average with channel line above and below the moving average. The channel lines can either be based on multiples of average day's trading range or the more complete Average True Range.



The image above shows the EURUSD 4 hour chart, with EURUSD prices moving from one extreme of the Keltner Channel to the other extreme. You can use the FXI -Keltner Channell to see where price is relative to a moving average and if it is at an extreme of it's trading range.

The FXI - Keltner Channel has the ability to use the Instant Trendline instead of the moving average. It is thus more responsive and has less lag The channel lines can either be based on multiples of average day's trading range or the more complete Average True Range.



The image above shows the EURUSD 4 hour chart, with EURUSD prices moving from one extreme of the Keltner Channel to the other. Because we are using the FXI - Instant Trendline as our baseline analytic tool, the indicator is very responsive to price changes, and channels are very well defined, and the beginning and ends of trends can be more easily identified.  You can use the FXI -Keltner Channel Instant to see where price is relative to a trend and if it is at an extreme of it's trading range.

If you are interested in trying the FXI - Keltner Channel indicator, please go to the Downloads page to get the setup package.