FOREX INDICATORS: Questions and Answers for beginners
Where can I find the Camarilla indicator?
Thanks
You can find it here along with the explanations how to use it:
forex-indicators.net/mt4-indicators/camarilla
If you have two indicators in conflict for USD/MXN. ADX and RSI are at both 100 even. The Williams is at -50. The standard deviation is zero with momentum at zero too. I have drawn an upward triangle for the last thirty minute mark. Is the triangle the right indicator for the directional buy/sell since; their is low volume. I have three EMA setup but all are dead even combined. Any assistance would be great.
ADX at 100 is unlikely. Apart form that, if indicators keep silence, you turn to basic and most reliable methods of technical analysis - trend lines, channels, S/R levels, candlestick combination patterns etc. If the volume is low and you've identified a triangle pattern, it is your key reference point - a breakout of the triangle on a higher volume would show where the market wants to go next.
I used MetaTrade4 Platform for trading, but when i insert MACD indicator, i only see one Signal line, and one EMA curve not two, but on other it always two curves.
Pls how can i make the my MACD has two EMA curves.
ALEX (Nigeria)
Metatrader 4 has a standard MACD indicator - the one you're using.
You need to download and use this custom MACD indicator:
MACD_two_lines.mq4
Is there an indicator that helps to calculate percentage bullish or bearish when trading, i.e that i will put on my platform to indicate it in percentage any time i'm trading? pls tell me the indicator. Thanks
None of us is aware of such indicator. We are sorry. If anyone knows, please help by leaving a comment below. Thank you.
I have seen different stochastics with different properties like: 9 3 3; 10 3 3; 5 3 3; 6 3 3 etc. pls which property can i use bcos i want to combine stochastic with pivot points on my trading platform using 15 minutes time frame.
For 15 min charts the best choice would be to use Stochastic 5, 3, 3.
Where do i go to learn how to efficiently use Forex indicators like MACD, Fibonacci Retracement, Arcs, trend lines and other important indicators to be able to predict the market movement more carefully.
There are many good resources online.
For example, you may read about trading with MACD at forex-indicators.net/macd
There is a well known resource of good Forex strategies based on different indicators, where you may learn how to apply indicators on practice: forex-strategies-revealed.com/simple
Fibonacci trading can be learned, for example, from Forex e-book at www.fibonaccibook.com/
There as well you can find a book on trend lines trading: www.trendlinebook.com/
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Discussions speed up learning. Let's talk!
great job
i trade with 250 d0llars account and am a begginr. how do i trade to increase the amount without losing?
If you focus on preserving your initial account deposit and following your risk management rules, you'll see your account balance grow.
Review these simple tips: How not to lose money in Forex
How do one set moving average,which signal does each of the three difference colours represent? and in what direction would they go in terms of buying or selling signal?
Thanks ay.
Each Forex trading platform has its own way of setting indicators. Moving averages are used to smooth out market price, so that instead of a choppy up and down moves we can see a smooth line - the average.
There are three main types of Moving averages: Exponential - the fastest, Simple - the smoothest but also slowest to react to market changes, and Weighted - most flexible average with a better response to most recent price changes.
Trades pick Moving average indicator method and settings which work best for their trading systems. There is no universal approach. For you to start with something, have a look at SMA 10 and SMA 20. When both moving average lines on the chart head up - you're looking at an uptrend, once they cross over and begin to fall down - you've got a downtrend.
does an indicator tells future market movement? or past movement.
thanks.
aula.
Indicators reflect past movements, as they are based on price data they receive.
Forex indicators cannot look into the future, unlike Forex studies, such as Elliot waves, Fibonacci, Pivot points, Gann theory, market cycles etc. These studies are not exactly "forecasting the future", but they can help to build a plan of possible expected key levels and turning points in the market for days, weeks and months ahead.
How do i calculate Fibs retracement and extention levels
A. You can use automated Fibonacci tools available on every Forex trading platform
B. You can use stand alone software, for example: Forex Fibonacci calculator
C. You can calculate Fibs manually:
www.forexfibonacci.com/calculate_fibonacci_levels/04/
They are one rule in forex about the doji
A- doji tragonfly in down Trend 65% chance reversal
B- Graveston doji in up Trend 65% chance reversal
Att:if you trade doji looking for only tragonfly & graveston doji you supose to know the doji rule mean when you make the order to trade doji try to take 5 or 10 pips profit if the doji start the direction reversal if you don't make the order leave alone but if the trend continue wait for 30 pips in the trend direction place your order put your stop loss 40 pips mean you subject the dow theory about 66% retracement that's mean the market loss the trend reversal.
This is Tiga Souverain, Haiti
could you plz guide me what chart time should i use to recognise trend in the market.i m new in the forex
paula
forexbeginners.net/what-time-frame-to-trade
the best way to trade forex is learn the candlestick movement,reconize the candlestick patterns. from the pattern of candlestick movement you can know went you want to enter market & when you can close your profit. pls learn & study the candlestick from this link that i give you.
www.forex-charts-book.com/candlesticks/02/
P/s: it help me to increas my profit. for your info.. my deposit money in forex is USD10. withen in one day i can get USD17 not include my deposit. profit perday withot using stoplost & take Profit. but you must always infront PC. TQ.
Sir,
how do I copy or download such file that you provided as below to my MT4 indicatir folder ? pls brief the required steps to do this. tks.
Metatrader 4 has a standard MACD indicator - the one you're using.
You need to download and use this custom MACD indicator:
MACD_two_lines.mq4
I am a new learner into this forex trade, can you guide me what will the best indicator to use or refer to for better monitoring of GPBUSD pairs for entering and closing of buy / sell trade. tks, MK here.
Start with MACD and Stochastic.
for a 5 minutes time frame, what is the best stochastic to use?
babat
Use Stochastic 5, 3, 3.
very useful tips, am yet to trade and was looking for guidance on even basis about risks and benefits.
thank you guys for the all these posts and the wealth of information ..... great site
I have $100 account with 1:200, what is the best volume to be using? and secondly, what are the best pairs to trade?
Start with micro lots (0.01 lot).
The pairs to focus on: EURUSD, GBPUSD, USDJPY.
hi i want to know what is an indicator? And what is it's function when trading. thanks.
Indicator is a tool that helps you to interpret the market - helps with the technical analysis of price trends & market forecasts.
Every Forex trading platform offers multiple indicators for technical analysis. Your first step would be to download a trading platform and try applying a few indicators to see how they work.
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