Ichimoku Kinko Hyo (IKH) is one of forex technical indicator used by many traders in forex technical analysis. Ichimoku Kinko Hyo (IKH) is translated from Japanese as “Chart Equilibrium at a glance”.

Ichimoku Kinko Hyo is used to indicate in which direction the market is moving, its entry and exit points. It is used for determining of a market trend, support and resistance levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.

Rather than looking at indicators and moving averages separately, Ichimoku encourage one to have a ‘macro’ view of what’s going on. From there, we can decide if we want to short, long, or even sidestep security.

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Historical (Natenberg) Volatility is one of forex technical indicator used in forex technical analysis by many traders. Historical Volatility calculates the variance of fluctuations in a security over time.

Historical volatility is defined by Sheldon Natenberg, as the standard deviation of the logarithmic price changes measured at regular intervals of time. In Mr. Natenberg’s book, Option Volatility & Pricing, he covers volatility in detail and gives the formula for computing historical volatility.

Historical volatility uses historical (daily, weekly, monthly, quarterly, and yearly) price data to empirically measure the volatility of a market or instrument in the past. The value rendered by a historical volatility study is the standard deviation of bar-to-bar price differences.

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Herrick Payoff Index is one of forex technical indicator used in forex technical analysis. Herrick Payoff Index uses analyzing of volume, price changes, and open interest changes to determine the amount of money flowing into or out of a futures contract.

HPI uses daily high and low prices, volume and open interest – preferably of all contracts (futures and options) – from a period of at least three weeks. HPI applies these to prices of the most active delivery month.

The Herrick Payoff Index (HPI) uses volume, open inerest, and price to signal bullish and bearish divergences in the price of a future or options contract. The use of open interest in the calculation of the HPI means the indicator can only be used with futures and options.

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