Indicators Decoded — TraderzLife Education Series Book 6
LEVEL 3 · READING PRICE · BOOK 6
Picks up exactly where Candlestick and Chart Patterns (Book 5) leaves off. Book 5 asked you to judge a candle's size by eye, against its last ten neighbours, and promised a later book would do the same job with a number. This is that book.
The one claim it makes: no indicator contains information the chart did not already have. Every one is a transformation — and knowing which transformation is the difference between using a tool and believing in one.
- Every formula shown in full, so you can rebuild any of them in a spreadsheet and get the same answer
- Four families, four questions — trend, momentum, volatility, volume — and the rule that saves most charts: combine across families, never within them
- The moving average, built by hand: SMA versus EMA, what the period really changes, why a setting chosen from a backtest is picking the winner after the race, and what it means when the averages bunch together before a breakout
- ATR — the one worth adopting: why True Range takes the largest of three, and the sizing formula that gives you a bigger position in a calm market at the same risk
- RSI and the trouble with "overbought" — why 70 means a strong trend, not an expensive one
- MACD and Bollinger Bands, both built from things you already understand — including the two popular band uses that are exact opposites
- Volume, and the number your FX platform calls volume — OBV, and what tick count can and cannot tell you
- Fibonacci: the mathematics and the mythology — why price reacts around the levels, and why it reacts just as often at levels nobody draws
- One tool per question, a coherent four-part stack, and an honest test with costs included
Tested, not just taught. The book's claims are checked against decades of price history on currencies, gold and the main stock indices using our own data systems: ATR stop distances, moving-average crossovers and the 200-day line, Bollinger Bands, RSI and divergence, Fibonacci levels from 5-minute to daily charts, and more. Where the numbers changed the advice, the text says so, and the method and its limits are printed in full.
Every formula on one page, a printable card, a glossary and sources. Assumes only the books before it.
Next: Level 4 — the other half of every trade: the person making the decisions.
Instant PDF download, 115 pages, in colour, readable on phone, tablet or desktop.
Educational purposes only, not trading or financial advice. Most retail CFD accounts lose money; trading leveraged products carries a high risk of losing your money.