In my journal, I listed the top 10 forex trading indicators. These are here…
- Moving Averages
- Relative Strength Index
- MACD
- Bollinger Bands
- Stochastic
- Ichimoku Kinko Hyo
- Fibonacci
- Average True Range
- parabolic SAR
- Pivot Point
Looking for an indicator that is suitable for scalpers that trade with Newyork and London time frame?
There’s no single best indicator as such. Every trader finds one better than the other according to his trading style. Like for me, MACD is a better indicator as compared to MA or relative strength index because it’s got a histogram and an exponential MA. The prime idea behind using this indicator is that it indicates and calculates price divergence according to market reversal or continuation. I enter the trade with this strategy on the MT4 platform with fxview and pepperstone. In case you plan on trying this indicator, do that on a demo account first.