Bill Williams Indicators

Most traders know that the methods of technical analysis are based on the study of changes in the movements of price charts and the Market Depth. However, another important object of technical analysis is trading volumes. Experienced traders believe that there are two objective factors in the market: the price and volumes. Let's see in more detail what a trading volume is, how to analyze it, and which tools for its evaluation are available to a modern trader.

When analyzing price movements on the chart before placing orders, traders can be hindered by minor price fluctuations - market noise. It is difficult for them to see significant trends, and it is easy to make a false forecast. There are numerous indicators designed for outlining the cycles and waves on a chart, and Zig Zag is one of them. It allows you to cut off the price noise and more accurately identify the key trend, significant price changes, reversals, and other important trend changes.

Bill Williams indicators are familiar to all traders in the world. They are included in every terminal and are the basic tools for technical analysis of the forex market. Their popularity is due primarily to the fact that they were invented by Bill Williams — a successful trader, who created an entire financial institution. In addition, Mr. Williams became known to the participants of the foreign exchange market for his work "Trading Chaos".