What is Maha Jantar Index?
Maha Jantar Index is one of the newest security that you can trade at Olymp Trade. You can easily trade with security at the currency section of the platform. The security is highly volatile therefore we need a good indicator that reacts faster to the price fluctuations. Therefore, in this article, I am going to use WMA and RSI Indicator.
How to set Maha Jantar Index chart and Indicator at the Olymp Trade platform
Firstly, log in to your Olymp Trade account. next set the default chart to the candlestick. now, click on the currency button and search for the Maha Jantar Index price chart on the menu.
Open buy trade with a bullish crossover
When the WMA intersects the price from the bottom but ladder up and continues to stay above the price plus the RSI line is near the oversold level. This is the best time to open a buy trade since this signals a strong bullish trend.
Open sell trade with bearish crossover
Similarly, when the WMA makes a crossover with price from the top but ladder down below the price and continues to stay below the price plus RSI line is near or above the overbought level, it signals a bearish trend and here we can place a sell trade.
Practice with virtual currency
WMA is one of the most effective indicators that give high-quality signals based on the recent data. you can practice this indicator on the Olymp Trade demo account. and see how this indicator behaves for you. Once you have practised enough and can move to the Olymp Trade real account.