Traders use of indicators in sort to use suitable strategies
and make winning trades in the market; these indicators are statistical tools
that let them make critical decisions about the heading direction of a currency
pair.Many indicators that give access to traders, depending on
the line of attack that fits them the most, going from confirming best forex
indicators, leading indicators, relative strength index, etc. and here, you'll
find some of the most used forex indicators which always give great profits
when used right.
Moving Average Indicators.
For Example Moving Average is a leading indicator if you put
8 Smooth moving average and 20 Smooth moving Average Crossover means leading
the direction of the pair can easily identify where the current market has gone
this I always apply in currency pair for 1 hour Chart, in my opinion, this is
the best forex indicators trade with short term I personally trade to 100 to
150 pips easily in 5 digit MT4. If you go more than these pips it shall be
risky for you. You can see in the picture below.
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One Hour Chart |
This Figure shows in one hour chart the Red line is above and cross over the Green Line and the Arrow shows sell position there is and blue line is 200 Moving Average when you want to check the trend of market you have to check Day chart with 200 Moving Average.
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4 HOUR CHART |
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ONE DAY CHART
Its is showing trend of the pair its down you can more minimize with minus button.
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If it is close to 90 degree the more chances to get more pips of buy and sell.
Download Here
Imax Indicator
Moving Average Template
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