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Top 5 Profitable Indicator

Moving averages are the most basic trending indicator. They show you what direction a currency pair is going and where potential levels of support and resistance may be — moving averages themselves can serve as both support and resistance.As we discuss moving averages, we will look at the following three topics 

How a Moving Average is Constructed 

Moving averages are constructed by finding the average closing price of a currency pair at any given time and then plotting these points on a price chart. The result gives you a smooth line that follows the price movement of the currency pair.You can adjust the volatility of a moving average by adjusting the time frame the indicator looks at to obtain the average price. Moving averages that look at fewer time periods to determine an average are more volatile. Moving averages that look at more time periods to determine an average are less volatile.

MOVING AVERAGE TRADING SIGNAL

Moving averages provide useful trading signals for currency pairs that are trending.
Entry signal  when an up-trending currency pair bounces back up after hitting an up-trending moving average, or when a down-trending currency pair bounces back down after hitting a down-trending moving average.
Exit signal  when you enter a trade on an up-trending currency pair, set a stop loss below the moving average. As the moving average rises, move your stop loss up along with the moving average. If the currency pair ever breaks far enough below the moving average, your stop loss will take you out of your trade.

2. Bollinger Band

Bollinger bands, created by John Bollinger, are a trending indicator that can show you not only what direction a currency pair is going but also how volatile the price movement of the currency pair is. Bollinger bands consist of two bands—an upper band and a lower band—and a moving average and are generally plotted on top of the price movement of a chart.
As we discuss Bollinger bands, we will look at the following three topics

How Bollinger Bands are Constructed

Bollinger bands are typically based on a 20-period moving average. This moving average runs through the middle of the two bands. The upper band is plotted two standard deviations above the 20-period moving average. The lower band is plotted two standard deviations below the 20-period moving average.

A standard deviation is a statistical term that measures how far various closing prices diverge from the average closing price. Therefore 20-period Bollinger bands tell you how wide, or volatile, the range of closing prices has been during the past 20 periods. The more volatile the currency pair, the wider the bands will be. The less volatile the currency pair, the narrower the bands will be. - How Bollinger bands are constructed - Bollinger band trading signal - Strengths of Bollinger bands - They identify simple trends - They are flexible enough to work in both short-term and long-term time frame

BOLLINGER BAND TRADING SIGNAL

Bollinger bands provide useful breakout signals for currency pairs that have been consolidating.
Entry signal  when the bands widen and begin moving in opposite directions after a period of consolidation, you can enter the trade in the direction the price was moving when the bands began to widen.
Exit signal  when the band narrows the price of the currency pair moved away from the breakout turns and starts moving back toward the current price of the currency pair, set a trailing stop loss to take you out of the trade if the trend reverses.

3. Macd

IThe moving average convergence divergence (MACD) is an oscillating indicator developed by Gerald Appel that can show you when trading momentum changes from being bullish to bearish and from being bearish to bullish. The MACD can also show you when traders are becoming over-extended, which usually results in a trend reversal for the currency pair.
The MACD is usually plotted below the price movement on a chart.
As we discuss the MACD, we will look at the following three topics:

How the  (MACD) is Constructed

The moving average convergence divergence is constructed based on a series of moving averages and how they relate to one another. The standard MACD looks at the relationship between a currency pairs 12-period and 26-period exponential moving average. Specifically, the MACD looks at the distance between these two moving averages. If the 12-period moving average is above the 26-period moving average, the MACD line will be positive. If the 12-period moving average is below the 26-period moving average, the MACD line will be negative

The MACD line is accompanied by a trigger line. This line is a 9-period exponential moving average of the MACD line

Furthermore, harmonic patterns that do appear in trending markets are usually against the trend. When you do trade harmonic patterns in this scenario, you will find yourself cutting your trades many times. What can you do about it?

Moving Average Convergence Divergence (MACD) Trading Signal
The moving average convergence divergence (MACD) produces trading signals as it crosses back and forth above and below the trigger line.
Entry signal when the MACD crosses above the trigger line, you can buy the currency pair knowing that momentum has shifted from being bearish to being bullish.
When the MACD crosses below the trigger line, you can sell the currency pair knowing that momentum has shifted from being bullish to being bearish.
Exit signal when the MACD crosses back below the trigger line when you have bought the currency pair, you can sell the currency pair back knowing that momentum has shifted back from being bullish to being bearish.
When the MACD crosses back above the trigger line when you have sold the currency pair, you can buy the currency pair back knowing that momentum has shifted back from being bearish to being bullish.

Since harmonic trading performs poorly in trending markets, a logical solution would be to avoid trading harmonic patterns in a trending market. And if you want to capture big trends in the market, adopt a trend following system when the market is trending.

4. SLOW STOCHASTIC

The slow stochastic is an oscillating indicator developed by George Lane that can show you when investor sentiment changes from being bullish to bearish and from being bearish to bullish. The slow stochastic can also show you when traders are becoming over-extended, which usually results in a trend reversal for the currency pair.
The slow stochastic is usually plotted below the price movement on a chart.
As we discuss the slow stochastic, we will look at the following three topics.

How the Slow Stochastic is Constructed

The slow stochastic consists of two lines—%K and %D—that oscillate in a range between 0 and 100. %K is constructed based on where the current closing price of a currency pair is in relation to the range of closing prices for that same currency in the past. %D is a moving average of %K.
If the closing price of the currency pair is near the top of the range of past closing prices, the %K line (followed by the %D line) will move higher.
If the closing price of the currency pair is near the bottom of the range of past closing prices, the %K line (followed by the %D line) will move lower.
For example, if the EUR/USD has closed in between 1.4200 and 1.4300 on each of the past 14 trading periods and it closes at 1.4295 (near the high of the range), %K will move toward the top of the indicator’s range

Slow Stochastic Trading Signal

The slow stochastic produces trading signals as it crosses in and out of its upper and lower reversal zones. The upper reversal zone is the area of the indicator that is above 80. The lower reversal zone is the area of the indicator that is below 20. When %K is above 80, it shows the currency pair may be overbought and may be reversing trend shortly. When %K is below 20, it shows the currency pair may be oversold and may be reversing trend shortly.

Entry signal  when %K crosses from above 80 to below 80, you can sell the currency pair knowing that investor sentiment toward the currency pair has shifted from being bullish to being bearish.

When %K crosses from below 20 to above 20, you can buy the currency pair knowing that investor sentiment toward the currency pair has shifted from being bearish to being bullish.

Exit signal when %K reverses direction after having crossed either above 20 or below 80 and crosses over %D, you can exit your trade knowing that investor sentiment is changing direction again

 

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