What are the top 5 most consistent and widely used indicators on the forex? - top forex
Find an answer or previous experiences that are consistent and common indicators for the Forex market used and what is the most popular term. Usually commercial 1 hours, but I'm not sure whether it is better or not.
Sunday, January 24, 2010
Top Forex What Are The Top 5 Most Consistent And Widely Used Indicators On The Forex?
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- At least 1 hr chart, in the period of time signals more reliable, because they sell more (economic or other) information. 4 hours and day tickets are also very popular ...
- Try indicators in order to keep him from the mechanical systems, since the market is a biological process. The prize is the ultimate indicator and moves in waves, but in one direction. Therefore the indicators of the organic nature of the market approach as far as possible. Moving Averages, Bollinger Bands and Fibonacci really all you need directionwise and then you can use the oscillator (Stochastic, RSI, CCI, MACD) and / or candle patterns for messages. Note that the oscillators like RSI, MACD and CCI also serve as trend indicators.
The indicators that I have mentioned the most popular.
It takes more than that, just do not clutter the lists, gl ....
Tip: Never be afraid of these indicators with their own reason and logic. Make a back-test to help you a setting that WORks is best for you.
Exponential Moving Average (EMA) - Here in the indicator for the average exponential moving averages are calculated, the exchange rates of the past has more weight in the overall averages, for example: In the 10-day exponential moving average of 5 days more influence on the average 5 days. The idea is to use the latest data as a better indicator of the direction of the trend. This moving average reacts faster to recent price for a simple moving average. The 12 - to 26-day EMA, the most popular short-term averages, which are used to create indicators such as Moving Average Convergence Divergence (MACD) and the percentage price oscillator (PPO). In general, were 50 - and 200-day EMA as indicators of long-term trends used.
Bollinger Bands - The basic interpretation of Bollinger Bands is that prices tend to stay in the upper and lower bands. Bollinger bands are unique, the separation between the bands depend on the volatility of the currency. In times of high volatility, for wider bands moBack to forgive. Even in times of low volatility, the narrow strip to contain the prices of currencies. The tapes are drawn with two standard deviations above and below a SMA. They sell a type "when above the moving average (or near the top band) and 'buy', below) (or in the vicinity of the lower band. The tapes are used by some traders as compared to other tests, such as RSI, MACD, CCI used, and the exchange rate.
MACD - Moving Average Convergence / Divergence - consists of two exponential moving averages, which are plotted against the zero line. The zero line represents both the values of the two moving averages are identical. The MACD is calculated by deducting a maximum 26-day moving average price of a currency of a 12-day moving average. The result is an indicator that oscillates above and below zero. If the MACD is above zero, it means that the 12-day moving average is above the moving average of 26 days. This is optimistic, because it shows that (the current expectations, ie the day moving average 12) are more optimistic than the previous expectations (an average of 26 days). This implies an upward trend or increase in the price of money. If the MACD is below zero, it means the 12 days moving average is below the moving average of 26 days, which is a downward shift in the currency.
Read more: http://forexmoneymaker.blog.com/3554125/
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