Technical Indicators

Ok, but that alone is not enough. Who considers himself had become and decided to just stop learning will only make himself fell in the hole failure and end up exactly the same as those who never learn. Loss. Of course you and I don't want it? Then let's continue next lesson from our technical analysis.

In technical analysis, we know some of the devices that are used to predict the trend of price movement, see support and overbought-oversold and the ressistance. The device is based on historical data that occurred in the past. The indicator name.

Indicators are created by many technical analysts and each has a specific purpose. Some experts to predict a trend that created it is underway. Others create technical indicators to measure the OB and the OS. While there is also who created it to know the limitations of the soup and res.

Name of technical indicators are also much the same with the name of its discoverer. For example, Bollinger Bands indicator, created by John Bollinger, a Technical Analyst with Jewish ancestry.

But if you want to apply these indicators actually investigated the science of statistics in his calculations. Yes, statistics. But don't worry, if you don't like the stats (just like me), the good news is, you don't need to do the calculation manually one by one in the create indicator. All software providers forex charts are usually already provides built-in indicator in it and we live it alone. There are even a few platforms that allow us to make the indicators themselves. Yes, of course that if you are already advanced. I myself have no interest to make the indicators themselves. For me the present indicators are adequate.

 

There are more than 300 indicators that you can use when doing technical analysis. But in its application the next time you only need 2 to a maximum of 4 different types of indicators only kok. Not that the more indicators will be the better. Does. There is an increasingly confusing. Use sparingly and start your familiar with some of the indicators that you think is very good.

On own Netdania there are over 20 different types of indicators that you can use. While at Capital GAINS amount is around 15 fruit however indicators lets you add it yourself by using the API (Application Programming Interface) they are.In metatrader indicator you can add named Experts Advisor.

The picture below is a selection of indicators on Metatrader.

 

Needs to be emphasised here that knowing a lot of indicators are not necessarily guarantee your trading profit. The essence of the use of indicators is on how you combined a the indicators with other indicators as well as timing and period you use. If likened to a Kingdom, then the indicator acts as Advisor for you in determining policy for Your Empire. You decide whether the advice was followed or not. The more the more Advisory votes are given. Sometimes it becomes not only make time but often misleading and erode our emotions.

Well, that's why you need to know and choose the best indicator of your own. Blessed are you because they already have a Forex learning to help you understand the different types of existing indicators. I myself had to spend months to understand the technical indicators when I first started the forex world. Because there is no one who is willing to teach me so I have to alt immersed in dozens of foreign forex websites and books thick just to mensarikan the use of a technical indicator. Bah ... If remember those times that it felt like crying alone (lho kok suddenly so melancholy ya ...). Ok deh we continue our lessons on our first indicator that the Moving Average: The Mother of Indicators