As long as one understands how indicators work and how they respond to price changes, i don't see any reason why they would not be helpful.
As long as one understands how indicators work and how they respond to price changes, i don't see any reason why they would not be helpful.
Indicators we are concerned with administration by placing them into the terminal so we know the direction of its signal through the next price
There are a lot of indicators, including indicators of good and bad .. and generally not useful indicators in trading on its own but is used next to the fundamental and technical analysis or any analysis favored by its signal so as to avoid erroneous
Indicator of overbought / oversoldOriginally Posted by toriqul2000
Traders are usually recommended for trading in the direction of major trend. But sometimes we are not sure whether to immediately conduct an open position immediately or wait for a pullback when the major trend has been confirmed.
Example, when we have been convinced that the major trend is down, then we can choose to open the position immediately, or wait for the price rose slightly before the open position.
If we choose to wait for a pullback, it is expected that the risk there are also smaller. For that, the trader can choose to use overbought / oversold indicator in this condition.
One indicator of this is suitable for relative strength index (RSI). This indicator chart the movement had accumulated over a span of time, and mengkalkulasikannya into a number value from 0 to 100. Number 20 on the RSI could mean that prices are on an oversold condition, and number 80 is overbought condition. However not all traders use the same size for the condition.
i will list out some indicators RSI relative strength index CCI commodity channel index STOCHASTICs MACD moving average converging and diverging BB bollinger bands ADX average directional index....
choose a job that does not necessarily indicate the same as some people are around because each individual has a will of its own
There are many Forex indicators available to the traders nowadays. It’s pretty impossible to know how they all work, but there are also the indicators that are usually called “standard”, which are often included into various trading platforms (like MetaTrader or Web Trader). These standard indicators are very popular among traders, but it looks like not many traders know how their indicators actually work, where do they get their data and what fundamental meaning they represent. While, it’s quite easy to understand what the moving average (the most popular Forex indicator among this blog’s readers) is and how it is calculated, less people would be acquainted with the inner mechanisms of RSI (the second-most popular indicator) or MACD (the third-most popular one).
Lately, the only technical indicator that I’ve been using was the ATR (Average True Range) — it’s not a very complex indicator and I have a good idea of how it works. And how about you?
If I trade using moving average indicator plus the Bolinger band, for more information I use alligator to confirm the continuation of the trend going forward.
This indicator are owrk differnt system. Indicator work its won ystem. Stocstic indicator work when this indicator still up to 80 than we think that market will be down and when this indicator still low to 20 than we think that market will be up.
required experience for each trader membicaraann or discuss the differences between each character of each indicator for each indicator and the experience and preferences of each indicator is not the same
forex market is a large market in this world.indicator is a scale who measure market trande , valocity and other. there are many indicator in market.some indicator found in free but some indicator is buy from creator.
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