Powerfull Indicator In Forex

Powerfull Indicator In Forex
Bollinger Bands®
Bollinger Bands developed by John Bollinger is not a joke. He uses this indicator to measure market volatility. Simply put, the Bollinger Bands indicator shows us when the market is not sounding and when the market is NOISY!

Moving Average Convergence Divergence (MACD)
This trading tool is used by most traders to identify moving averages that indicate a new trend, which can be either bullish or bearish.

Parabolic SAR
There is one indicator that can help us to determine where about a trend will end up is Parabolic SAR. Parabolic SAR uses points or points to indicate potential reversal of price movements within the graph.

Stochastic
In this lesson we will study the Stochastic indicator. Similar to indicators in previous lessons. Stochastic also helps traders to determine where a trend will end.

Relative Strength Index
RSI is one of the most popular trading tools among traders. The cause of the high popularity of this indicator is due to the function of both, that is to confirm the trend formation.

Average Directional Index
Average Directional Index is another example of oscillator. This ADX commonly abbreviated indicator has a scale between 0 and 100. A reading below 20 indicates a weak trend, while a reading above 50 suggests a strong trend.

Ichimoku Kinko Hyo
Ichimoku Kinko Hyo is an indicator that estimates the price momentum and determines the level of support and resistance in the future. Use one to three benefits at a time. Generally this indicator is used in pairs that include JPY as a partner.

Apply All Indicators
Now that we know how most indicators work, it's time we jumped into the mud of Forex. Like one of the detergent ads with the slogan "bold dirty is good", so let's be dirty with some graphic examples and how indicators work.