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What are the top 5 most consistent and widely used indicators on the forex?

May 21, 2009 by stockthegremlin | Posted in Investing

Looking for an professional or cited answer as to what the most consistent and greatly used indicators are for the forex markets, and what the most popular at intervals frame is. I usually trade the 1 hour, but I'm not reliable if that is best or not.

here's a straightforwardly forward answer:

- at least the 1hr chart, the larger the timeframe the more trustworthy signals become because it holds more (economic or not) dope. 4hr and daily charts are also popular...

- The indicators: try to keep your feeling off of mechanical systems since the market is an essential process. Price is the ultimate denounce for and moves in waves but nonetheless in a instruction. You therefore need indicators that approach the organic mould of the market as much as possible. Moving averages, bollinger bands and fibonacci are absolutely all you need directionwise and then you could use oscillators (stochastics, RSI, CCI, MACD) and/or candlepatterns for entries. Keep in feeling that oscillators such as RSI, MACD and CCI can also serve as style indicators.

The indicators i mentioned are the most popular ones.
Doesn't have to be more than that, well-deserved don't clutter the charts, gl....

TIP: never be afraid to use those indicators with your own vulgar sense and logic. Doing a backtest will relieve find a setup that works best for you.

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