use indicator is very nice. i think one can learn it by many way. many web site help trader to learn it. but better is use at least three indicator. then a trader can find the future market trend. its possible if he know better to do analysis.
use indicator is very nice. i think one can learn it by many way. many web site help trader to learn it. but better is use at least three indicator. then a trader can find the future market trend. its possible if he know better to do analysis.
i think if you need to use any indicator so first need to know what indicator your use and why your use it, and what benefit for the using the indicator after then you can use the decide indicator for your task. so many thank for the share.
all the indicators have the different characteristics to use them well so if you like to know about the i-regr then I can say that when the price will touch to the boundaries of this indicator then you should know that now the market may move back
indicator is used when we are going to start trading and to achieve the desired kitta, indicators in use properly it will generate high profits.
The first thing to remember when using an indicator, any indicator, is that it is a function of price action. The indicator itself is not the ultimate tool when it comes to trading…it comes in behind price action. Price action governs the information that the indicator will ultimately provide on the chart.
Price action is Indicator #1.
As such, a trader must determine what price action is doing (i.e. the trend) before consulting the indicator for an entry signal. Once the trend is determined, the trader can then consult the indicator for an entry signal in the direction of the trend.
Now, let’s take a look at the 1 hour chart of the EURGBP below…
First of all we note that the currency pair is in a downtrend. We know this because on longer time frames, the Daily and the 4 hour, the pair has been making lower highs and lower lows which signify a downtrend. Also, on each of the charts, the pair is trading below the 200 SMA. Lastly, when we do a Strong/Weak analysis, we find that the EUR is weak and the GBP is strong. Given each of those pieces of information, we know we want to sell the pair since that is the direction of the trend and that will be the higher probability trade.
Now, let’s take a look at the indicators on the chart.
The three indicators that we have on the chart are oscillators…Slow Stochastics, MACD and CCI. In a downtrend, the entry signals for a sell from each indicator are as follows: Stochastics – when the K line (blue) crosses over the D line (red) to the downside; MACD – when the MACD line (red) crosses over the Signal line (blue) to the downside; and, CCI – when the CCI line crosses below +100.
As can be seen on the chart, each of the indicators provides a sell signal at virtually the same time. So, given that, which one of the three is the “best”? In my opinion, in this key area they are all the same. They all provide the same signal at the same time. The choice will depend on the one that each individual prefers.
As in the case of so many things in trading, there are no absolutes.
To determine which is the best one for you, we recommend that traders simply try all three individually over the course of many trades (100+) before they decide…kind of like test driving a car before you buy. Once you make your decision on which you like the best, stick with that one and discard the other two. Having all three on a single chart would be redundant.
Hey bro, I don't know if you got your ans in this tread still now or not but Yes I also agree with you. I have many indicators in my collections but I didn't received any instruction files with that (no word, no pdf). This is also my question is anyone knows where we can find about the use and characteristics of ecah indicators available in the market? Or is there anyone who can open a new thread where we will learn and discus about the use and characteristics of indicators.
there are so many indicators for forex trading analysis. it is quit difficult to explain all those here. but there are so many instructions and explanations of the indicators in the web. you just search the web using google. write the specific sentence in the google search bar and search. you will find thousands of explanations there and you can pick one which is easy for you to understand.
Koi bhi indicators ko use karne ke liye trader ko pehle iske bareme puri tarah jankari leni chahiye jaise ki woh signal kaise deta hai, up or down kaise pata chalega aur trader uska use koun se time frame me karega to usko jyada fayada hoga, yeh sab bate indicators download karte waqt trader jan sakta hai.
The way you can use EMA is same as using MA. you can use the cross overs. When ever the short term EMA/MA line from the below you can buy. If it is crossing from the above then you can go short. But personally i prefer to use EMA 10, and EMA 50 . EMA is better than MA as it focus more on the recent price action.
I use moving averages in the trade I did that because I've been with in combination with Bolinger bands and some other indicators to follow the shape of the moving average looks down or up to ensure that the current market conditionsQuote:
Originally Posted by sasa0220