HOW IT WORKS
Grid Sight Index is a powerful big data indicator that can help you determine whether short-term trends will continue or reverse. GSI takes a snapshot of current price action and uses that to find similar events by studying millions of historical data points. Then it studies those events to show you how often the trend continued or reversed in the past.
Will history repeat itself? Sometimes it does, sometimes it doesn’t. Like all technical indicators, Grid Sight Index only reveals historical facts. It does not predict the future.
HOW YOU USE IT
A common way to use GSI is to help you fade tops and bottoms and trade breakouts:
Fade Tops and Bottoms: Look for GSI levels near strong support or resistance where in past cases price more often reversed rather than continued in the direction of the trend.
Trade Breakouts: Look for GSI levels near strong support or resistance where in the past cases price more often continued in the direction of the trend rather than reversed.
The following are inputs available in the app:
Disclaimer: Grid Sight Index only describes historical outcomes. The percentages on the indicator describe how many historical Matching Events resulted in price rising or falling by at least the stated amount. The indicator does not predict the future and, therefore, should not be considered investment advice.
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
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