ocley Posted July 13, 2009 Report Share Posted July 13, 2009 Re: best indicator Some indicators h**p://www.forexmt4.com/_MT4_Indicators/ pyrron 1 Quote Link to comment Share on other sites More sharing options...
odink Posted July 13, 2009 Report Share Posted July 13, 2009 Re: best indicator the best of the best indicator is your brave to make decision entry and exit =)) Quote Making consistent profits is the secret! Link to comment Share on other sites More sharing options...
ltp Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator I believe the best indicator cannot exist on a stand alone basis. It is just finding the right combination among many to suit your requirement. Quote Link to comment Share on other sites More sharing options...
⭐ navigator Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator I use Forex Profit Monster for 4H charts and Forex Day Monster for 15 min charts analisys. Quote Link to comment Share on other sites More sharing options...
⭐ navigator Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator I also like DEMark trendlines and THV3 indicators from ForexFactory. Quote Link to comment Share on other sites More sharing options...
currency_tunes Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator Japanese candlesticks analysis is the best and leading indicator. Quote Link to comment Share on other sites More sharing options...
wesladf Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator The best indicator to follow the trend is simply Moving Averages........... here are there descriptions EMA5--------red colour EMA 16------Purple colour EMA21-------Blue When ever you have a trend just slot in those settings and switch back to 5minutes to see how the trend will be moving, and along the line u will be see a push back from EMA 16 and 21 respectively. This is what i used to trade trend or this indicator to ride the trend up and whenever price closed below it its signal end of trend. Attached is the Indicator. Enjoy. Quote Link to comment Share on other sites More sharing options...
elnikos7 Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator I think the best indicators for a trend are moving averages. If you know how to read them you identify the trend easily Quote Link to comment Share on other sites More sharing options...
chetachukwu Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator T3MA arrow should be the best trend indicator, if the refreshing issue can be fixed Quote .....SELFISHNESS IS A DISEASE..... Link to comment Share on other sites More sharing options...
HunFxTrader Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator If you want to buy at the bottom and sell at the top you have to use the bollinger bands. You should buy when price comes back from outside the lower band and sell, when price comes back from outside the upper band. I'm using it with success along with cycle identifier, that helps to identify the top and bottom of the price swing. My settings: Timeframe: H4 Bollinger Bands: 55 (it's not the default setting) Cycle identifier: default settings Here you have the BolliToucher that alerts when price touches the upper or lower bollinger bands, and the cycle identifier that alerts too, when it identifies a top or a bottom. Enjoy! jeabppqq 1 Quote Link to comment Share on other sites More sharing options...
Agate Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator If you want to buy at the bottom and sell at the top you have to use the bollinger bands. You should buy when price comes back from outside the lower band and sell, when price comes back from outside the upper band. I'm using it with success along with cycle identifier, that helps to identify the top and bottom of the price swing. My settings: Timeframe: H4 Bollinger Bands: 55 (it's not the default setting) Cycle identifier: default settings Here you have the BolliToucher that alerts when price touches the upper or lower bollinger bands, and the cycle identifier that alerts too, when it identifies a top or a bottom. Enjoy! Hi HunFxTrader, Thanks for your indicators. ;) Is there repaint for the cycle identifier? Quote Link to comment Share on other sites More sharing options...
odink Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator absolutly repaint... but it depend on u to use it... :)>- Quote Making consistent profits is the secret! Link to comment Share on other sites More sharing options...
nkp9999 Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator Hi, HH and HL are the price action. HH, HL, states that the market is trending. Then comes the ma (which are lagging). Some say that Stoch/MACD are leading indicator. I do not know. IceManEU: How do you use these indicators? Alka: Which particular indicators do you use? Red_dates: Can you please suggest how to utilize the MM lines and where to find info. Thanks all for your input. Quote Link to comment Share on other sites More sharing options...
Agate Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator absolutly repaint... but it depend on u to use it... :)>- Thanks for the info. ;) I will need to use the stochastic and MACD for confirmation on entry and exit then. Quote Link to comment Share on other sites More sharing options...
Hacker1713006064 Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator I depends more on what timeframe you are after.. I used several different version of this one.. This is one of the better versions.. http://www.indo-investasi.com/viewtopic.php?f=40&t=3113&hilit=goc http://i30.tinypic.com/2u4pi7m.jpg Quote Link to comment Share on other sites More sharing options...
Aleberta Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator My friends best Indicator is price itself. Quote Link to comment Share on other sites More sharing options...
Aleberta Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator Try the following in all time frames. 1. Bollinger Band 20,2 2. Bollinger Band 10, 1.5 3. Trix (4,4) 4. MACD (12,26,9) 5. RSI(10) Wait for both bollinger bands to pinch(Double pinch). Look for Trix and MACD to cross zero line, and confirm with RSI(10) crossing the 50 line. When you see all these conditions met enter the trade either long or short. Quote Link to comment Share on other sites More sharing options...
HunFxTrader Posted July 14, 2009 Report Share Posted July 14, 2009 Re: best indicator Thanks for your indicators. ;) Is there repaint for the cycle identifier? Yes on the last unclosed candle it repaints if the price leaves behind the last closed candle's high or low. Therefore you should wait for the close of the last candle to see whether the reversal established or not. I follow the signal only at the upper or lower bollinger band. Regerds, HunFxTrader Quote Link to comment Share on other sites More sharing options...
tmaccorm Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator I don't think there's a "best" indicator but here's something I've found very useful as it can give the trend on four time frames at the same time in a manner that you can interpret right away. By shifting the chart to a higher time frame the indicator gives trends on four higher time frames right away. This indicator may have been posted elsewhere here as part of a system. I use it to not only indicate the trend but to also warn of a change of trend on a higher time frame as well as the time frame I'm trading on. If I'm on a 1-minute chart, for instance, I can see the trend on 1,5,15 and 30-minute time frames. If I then shift to the 15-minute chart, I can see the trend on 15 minute, 30 minute, 1 hr and 4 hr time frames, and so on. Heiken Ashi smoothed works well with this to also give a determination or confirmation of trend. Quote Link to comment Share on other sites More sharing options...
tmaccorm Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator Here's a couple of shots of multi timeframe indicator with heiken ashi smoothed. Could have jumped on the trend and gone for a lovely ride here... Wish I had, but I wasn't around when the gates to the park opened. Alas... Quote Link to comment Share on other sites More sharing options...
tmaccorm Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator Here's a download for the heiken ashi smoothed. Quote Link to comment Share on other sites More sharing options...
Agate Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator Yes on the last unclosed candle it repaints if the price leaves behind the last closed candle's high or low. Therefore you should wait for the close of the last candle to see whether the reversal established or not. I follow the signal only at the upper or lower bollinger band. Regerds, HunFxTrader HunFxTrader, Thank you very much for such a useful indicator. Quote Link to comment Share on other sites More sharing options...
paraddesh Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator cci(14) above 100 bull and -100 bear on weekly chart and any simple moving avg on day setup for buy selll regards parad Quote Link to comment Share on other sites More sharing options...
brokensoul08 Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator the best indicator is PAIN (Price action indicator) as i think Quote Link to comment Share on other sites More sharing options...
hatter1000 Posted July 15, 2009 Report Share Posted July 15, 2009 Re: best indicator The best indicator is any MTF indicator Quote Link to comment Share on other sites More sharing options...
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