indicators that will be used for technical analysis forex trading is simple default MT4 indicators. As for indicatornya is Moving Average (MA) and Bollinger Bands (BB), the understanding and use of both of these indicators can be found in various article on search engines.
Moving Average (MA) we use to measure the moving average of the price that is being moved, as a day trader we only need 3 MA to analyze price movements, in this session we use H1 time frame on MT4 platform, with the following settings;
Bollinger Bands (BB) we use to measure the limits of dynamis of the price that is being moved, as a day trader we also only need 3 BB with 3 Standard deviation for dynamis boundaries analyze price movements, in this session we use the time frame H1 MT4 platform, with the following settings;
after this explanation, you try to make this setting on MT4 time frame (TF) new H1, so that it becomes as shown below;
complete technical analysis is the main tool that I use forex trading. the next stage;
note the direction , slope and position of each moving average moving average against the other ranging from monthly, weekly and daily
you try to observe what happens when forex prices touch the action moving averages and Bollinger Bands or the start of daily, weekly and monthly
ok, for this session I ends meet until here, please read and consider carefully, then read, read, and read again.
good luck and beneficial
"Especially thanks to KG for sharing knowledge"
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