But actually MA alone has become a great indicator only depending on the trade of each person. I then prefer to use a basic indicator rather than a custom indicator, I read that many traders use the Moving Average as their favorite indicator, so it's a good indicator because I use it too A because I think almost no successful indicators don't use this indicator only indicators that are very useful in carrying out technical analysis
The main reason is that scalping is the same as gambling in my mind that there are many symptoms for currency trading. My best indicator is support-resistance in forex trading, which I combined with candlestick analysis and by doing both of these analyzes. I find my best entry time after all I think the most useful indicator is the actual moving average I use the forex indicator since I started forex until now I have no chance to regret using that indicator very well for me for years
In my opinion, I think the trend line indicator is the best for beginners because in my understanding, I think that when you trade with trend line indicators, you will have a smaller chance to lose trading in Forex and when I am new to Forex I only use trend line indicators and trade according to trends only and Indicators are the most important for beginners from the forex trading business, so traders must get awareness about indicators and use of indicators for the best forex trading.
Trading foreign exchange with various indicators using hotey hain jin ki help sey achi trading app kr k productive ai b kr saktey hain imaginary mein new user ko chahiye k zigzag bollinger band indicator we use kerin yi help hain ein sey achi you get hoti hi and for beginners we have to use a fairly simple one, and I think the indicator just follows the market, so what we have to do is we have to understand the market so everything will look very good and hard work will mean a lot.
I don't use indicators often, so I'm really not the right person to answer your question, but there are some good default indicators in MT4 itself. You can try and find the most suitable for you and use it in your trade. You can also look for third party indicators by googling. And it's true that most indicators provide false signals but if someone uses the previous indicator pattern and also oversees the news then every pattern that supports the news can be traded easily.
Another indicator that I combine is the Fibonacci indicator with a min graph, while the RSI indicator is a daily chart for intraday trading, which helps anyone to improve their trading strategy and more income. I agree with you. We must be able to understand. indicator and should be able to understand it in the indicators we will use and I use a terminal called zig zag which helps me a lot and I even use the candlestick indicator that I use with the startergy dogi
In my view, the moving average and the boiling band are both very good indicators for beginners. Beginners should not try to learn many indicators because this can cause them to become more confused and they may lose rather than get a profit. and I think moving averages and MACD are a good combination but you should note that they won't work always. What I have found lately is that they will work several times a day. As after the opening of the London session, they will work mostly since the new steps will begin in many cases. You must watch very carefully and take notes every day. so you will know when to follow and when to ignore the signal.
The advantages of everything are bad so that excess indicators can cause a lot of confusion so it's limited that only we can make some profits using this candlestick just as if the price continues into overbought and oversold territory, we recommend adding at least one or two signals to show you when the price will turn up until the igzag is good but can never be trusted all the time. But do not use this indicator to trade and I like to trade with my experience