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PMT Forum's MOST POPULAR Discussion Boards => Forex Trading and Investing => Topic started by: okpinoy on Nov 17, 2018, 09:20 AM

Title: How to use the indicators?
Post by: okpinoy on Nov 17, 2018, 09:20 AM
(Source: https://www.facebook.com/groups/FXFledgling/permalink/1335712473204313/ (https://www.facebook.com/groups/FXFledgling/permalink/1335712473204313/)
Understand Your Indicators

To those who are fond of indicators, are you still experiencing disappointing trades? Indicators are created not to be followed by traders blindly. They are designed to make your analysis less exhausting. It is not a magic wand but it is a tool for an easy trading life. Before using any indicator, you should do a research of the logic behind the indicator. Know and understand the formula behind it. Do not just follow instructions by any one on how to use it. Dig deeper and understand the reason behind the formula. Once you understand, you will discover other ways on how to use the indicators. You may also discover that it's not as lagging as you thought it is.
Title: Re: How to use the indicators?
Post by: lakshi on Nov 26, 2018, 04:27 AM
There are default indicators on the mt4 and mt5 platforms that are very easy to use. Let's take the RSI indicator for example; it is a very easy to use indicator.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend.
Title: Re: How to use the indicators?
Post by: okpinoy on Nov 28, 2018, 09:22 AM
Correct. But we should be digging deeper than that  :watchuthink:
Title: Re: How to use the indicators?
Post by: okpinoy on Nov 29, 2018, 05:14 AM
Any other indicators have you been using?
Title: Re: How to use the indicators?
Post by: okpinoy on Dec 04, 2018, 12:54 AM
my favorite indicartor is SMA, how about you?
Title: Re: How to use the indicators?
Post by: okpinoy on Dec 05, 2018, 11:40 PM
I also use MACD.
Title: Re: How to use the indicators?
Post by: okpinoy on Feb 24, 2019, 11:14 PM
I also use Ichimoku and PSAR in some of my strategies
Title: Re: How to use the indicators?
Post by: okpinoy on Mar 11, 2019, 07:13 AM
sometimes I use RSI
Title: Re: How to use the indicators?
Post by: okpinoy on May 17, 2019, 07:27 AM
also Bolinger Band