Technical indicator values

What values are advisable to use for my 3 moving averages, RSI and Bollinger bands on a chart which takes 2 minutes to form a candlestick while trading binary options. Can anyone help me with that ? I am using IQ options.

It seems odd that you have got from somewhere such a complicated and high-speed strategy without the indicator values.

Some people use very similar MA’s so that they print as a band or ribbon - for example, each MA is 1.5 times longer than the one before. Others use very different MA values so that they get short-, medium- and long-term indications as to price trend - for example each MA is at least two or three times the value of the one before.

The actual numbers you use for MA’s are not crucial, they just dictate the frequency you will get signals - so longer MA sets print only a few signals in the same time that a very short MA set would print many. Neither is more accurate than the other.

I’m no expert on RSI and BB’s but I’m sure someone will comment.

Yeah I got values for these indicators and they did work well when I was trading a chart in which a candle forms every 15secs. When I changed the settings of my charts in other to get a new candle every 2 minutes these indicators just seem to not sync or be in tune with the chart. Hope you understand what I mean ? I appreciate your efforts to answer my question :+1::+1:

First of all, there is something we should say: There is no best Forex technical indicator. If you are looking for a totally perfect indicator that provides winning signals at all times, you simply will not find it.

On the other hand, there are very good technical indicators that can give you excellent results in currency trading. Next, we will explain what these indicators are, we will mention the best ones and we will discuss their pros and cons.

Ok keep it coming really appreciate it :+1::+1:

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There are numerous technical indicators that have to be taken care of in forex trading. The forex EA knows quite a lot about him. There could not be any best technical indicator, but you can connect with a reliable forex broker to know which indicator could be most efficient for you.

Most people are too lazy to change the default settings for indicators. And moving averages id do with 100 and 200 sma. (Nice large round numbers)