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  • First, Let's Look at The Term Trend and It Is Calculated As Follows

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    AKSHAYA AKSHAYA
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    Trading a small account requires focusing on the short-term trend as indicated by the tenken-sen line, which is calculated as the highest high plus the lowest low over the last 9 periods divided by 2. This formula incorporates a Fibonacci retracement and works better than simple moving averages to identify the short-term trend for guiding trades in a small account.

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    Trading a small account requires focusing on the short-term trend as indicated by the tenken-sen line, which is calculated as the highest high plus the lowest low over the last 9 periods divided by 2. This formula incorporates a Fibonacci retracement and works better than simple moving averages to identify the short-term trend for guiding trades in a small account.

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    11 views1 page

    First, Let's Look at The Term Trend and It Is Calculated As Follows

    Uploaded by

    AKSHAYA AKSHAYA
    Trading a small account requires focusing on the short-term trend as indicated by the tenken-sen line, which is calculated as the highest high plus the lowest low over the last 9 periods divided by 2. This formula incorporates a Fibonacci retracement and works better than simple moving averages to identify the short-term trend for guiding trades in a small account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    HOW TO TRADE A SMALL ACCOUNT

    First, let’s look at the tenken-sen (red) line. This line shows the short-
    term trend and it is calculated as follows:
    Tenken-sen line = the highest high + the lowest low over the last 9
    periods divided by 2.
    This formula has a Fibonacci retracement built into its calculation. It’s an
    effective indicator because it works better than simple moving averages.

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