Dear you can use the these type of indicators to take a decision but please do not only realy on one indicator of you found that the same signal from 2 or more indicators then please only then take your decision. And try do some other analysis.
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Dear you can use the these type of indicators to take a decision but please do not only realy on one indicator of you found that the same signal from 2 or more indicators then please only then take your decision. And try do some other analysis.
yes, you are correct my friend. to find out overbougt / oversold, we can not use just one indicator. we need to confirm with other indicators. we can use MACD, RSI, and maybe we need to add fibonachi. possible to use it can help to make profits in trading.Quote:
Dear you can use the these type of indicators to take a decision but please do not only realy on one indicator of you found that the same signal from 2 or more indicators then please only then take your decision. And try do some other analysis.
correct ,I think to know tingakat a pair overbought and oversold indicators you can use RSI and CCI, it is very useful for us to beware of the area.
good luck .
I think you can use as an indicator of your mt4 indicators RSI, CCI with these indicators you can find overbought and oversold areas with ease, you can adjust the time frame..
good luck .
I think all traders must already know the area where the overbought and oversold, and what the appropriate indicators to use. but if you talk about a news release, it will be another friend. news can easily move the market price and market trends can he turn it over.Quote:
for it in terms of technical indicators to determine overbought and oversold indicators must be considered also other additives, but we also have to adjust itself to the market trend and the influence of the news being released
there are many indicators for it,
stochastic is good, and also bollinger band,
but for me i combined them with trendlines and zigzag then i can reduce false signasl, and always use the higher time frames to see the true for the trend
there are many indicators that can be used to detect overbought or oversold area. every trader must have their own way to be informed. I prefer to use the MACD and RSI indicators to detect the area. and it will all depend on us to use it.Quote:
there are many indicators for it,
stochastic is good, and also bollinger band,
but for me i combined them with trendlines and zigzag then i can reduce false signasl, and always use the higher time frames to see the true for the trend
i use stochastic and rsi in my chart to check the overbought and oversold conditions. i m quite comfortable using these two indicators and are pretty good.
overbrought and over sold also know as supply and demand indicator there are so many of them that are very good like RSI, stoch ,supdem and lot more but i prefer using rsi