What best indicator to entry signal and TREND? | Page 8 | Metals Mine

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What best indicator to entry signal and TREND?

  • #141
  • Dec 7, 2021 2:37am Dec 7, 2021 2:37am
What a good topic.
  • #142
  • Jan 19, 2022 2:08am Jan 19, 2022 2:08am
The best indicator to enter the market is to use price action and the Moving Average Crossover System.
  • #143
  • Jan 30, 2022 11:19am Jan 30, 2022 11:19am
My favorite one lately is PSAR.
  • #144
  • Mar 2, 2022 12:53am Mar 2, 2022 12:53am
According to me, trend identification is not something simple because Forex is a complex market place and trend identification is one of the toughest jobs. You are very much unlikely to find the trend using only one tool or indicator. To me, support and resistance can help you identify the trend to some extent but even then they are not enough.
  • #145
  • Mar 3, 2022 11:44pm Mar 3, 2022 11:44pm
Indicator is a very important tool to follow for predicting the market. There are a bunch of indicators. But personally I use moving average, RSI etc. But you don’t need to use any paid tool rather you should use the trading chart as a weapon to determine the trend.
  • #146
  • Dec 26, 2023 2:36am Dec 26, 2023 2:36am
Quoting adnanazam
{quote} can anyone convert this code in to Ctrader (Cbot) or mt5... thanks in advance.. //@version=4 strategy("My Strategy", overlay=true) ema5 = ema(close, 9) ema20 = ema(close, 21) ema50 = ema(close, 55) //RSI Signals // Get user input rsiSource = close rsiLength = 14 rsiOverbought = 70 rsiOversold = 30 rsiMid = 50 // Get RSI value rsiValue = rsi(rsiSource, rsiLength) //See if RSI crosses 50 doBuy = crossover(rsiValue, rsiOversold) and rsiValue < 50 doSell = crossunder(rsiValue, rsiOverbought) and rsiValue > 50 emacrossover = crossover(ema5, ema20)...
Good entry but the exit with rsi cross in OB/OS brings great losses because of missing fixed SL....
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Vucking good EA coder... https://t.ly/AZjRM
  • #147
  • Dec 28, 2023 1:44am Dec 28, 2023 1:44am
Bollinger bands is great if used in combination
  • #148
  • Dec 28, 2023 4:33pm Dec 28, 2023 4:33pm
Fibonacci Retracement
  • #149
  • Dec 28, 2023 7:25pm Dec 28, 2023 7:25pm
Trend lines
Trading is gambling. So gamble responsibly.
  • #150
  • Dec 31, 2023 7:16pm Dec 31, 2023 7:16pm
I believe Moving Averages and Trendlines. But any indicator would be total Garbage, if you dont use it correctly.
  • #151
  • Jan 13, 2024 6:12am Jan 13, 2024 6:12am
Yep, Moving averages are really cool, and they work out well in the combination with trend lines I assume. But if it's more about trend, then it's enough to draw support and resistance levels, trendlines of course, and maybe analyze relative strength index. Moving average is useful more for positional traders, as to me, because their crossovers don't always indicate that something is about to happen, you know.
While taking EMA in combination with like MACD, open D1 chart - great. I assume it will work out even better than within lower timeframes.
  • #152
  • Jan 13, 2024 4:06pm Jan 13, 2024 4:06pm
Quoting riskyachtar
what best indicators to entry signal and looking Trend with TF 30m or 1H please help me
You need to look at the chart just as your question suggests - there are actually 2 parts:

The 1st part is the Market Condition. This is where you determine the trend, as many said, Moving Averages in general can show you that.

The next and tricky part is the Entry Signal, many indicators for that, and that leads to another topic:

What kind of entry do you want to use; the basic is Breakout and the next is Retracement?

So, there you have the basics of reading the price action, and a trading plan, good luck.
It takes a lot for me to IGNORE you, but you can try.
  • #153
  • Feb 28, 2024 1:51am Feb 28, 2024 1:51am
Quoting Raincrusher
Yep, Moving averages are really cool, and they work out well in the combination with trend lines I assume. But if it's more about trend, then it's enough to draw support and resistance levels, trendlines of course, and maybe analyze relative strength index. Moving average is useful more for positional traders, as to me, because their crossovers don't always indicate that something is about to happen, you know. While taking EMA in combination with like MACD, open D1 chart - great. I assume it will work out even better than within lower timeframes....
Ever think about using such simple moving average combination as i show in my chart?
What you think, is it possible to participate in the move?

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Perfection is the enemy of good enough!
  • #154
  • Feb 29, 2024 1:32pm Feb 29, 2024 1:32pm
Quoting riskyachtar
what best indicator to entry signal and looking TRENd ? with TF 30m or 1H please help me
In my experience, one of the most effective indicators for entry signals and trend identification is the Moving Average Convergence Divergence. The MACD combines moving averages with momentum to provide clear signals for both trend direction and potential entry points. When the MACD line crosses above the signal line, it indicates a bullish trend, while a crossover below the signal line suggests a bearish trend. Additionally, divergence between the MACD and price action can signal potential trend reversals.
  • #155
  • Apr 2, 2024 9:51pm Apr 2, 2024 9:51pm
Normally I would see whether the pattern is broken, you know, an up trend is becoming a down trend. Pay attention to the double top or double bottom in this transition.
  • #156
  • Apr 7, 2024 9:04pm Apr 7, 2024 9:04pm
The best indicator for entry signals and trend identification in forex trading often depends on individual trading strategies and preferences. However, commonly used indicators include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators help traders identify potential entry points by signaling changes in momentum, overbought or oversold conditions, and volatility. Additionally, trend-following indicators like the Simple Moving Average (SMA) or Exponential Moving Average (EMA) can help traders determine the direction of the trend, allowing them to align their trades with the prevailing market movement for increased probability of success.
  • #157
  • Apr 17, 2024 5:53pm Apr 17, 2024 5:53pm
Here is a new utility / indicator to help with trend, or lack thereof, identification; hope it helps some.

Learn to use the Market Tab in MT4, and you won't be a noob any longer.

Did I mention that it is FREE?

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It takes a lot for me to IGNORE you, but you can try.
  • #158
  • May 15, 2024 11:08am May 15, 2024 11:08am
Does this indicator populate the arrow without lagging?
I mean, does the arrow show up as soon as the bar closes?
Or, does arrow show after many bars?
Because when I put up this indicator to my chart, it seems to be working very well; almost like automatic where to go long or short.
Therefore, I am curious if these arrows shows up after many bars. If so, it's useless.
Anyone?
  • #159
  • Aug 11, 2024 9:03am Aug 11, 2024 9:03am
Indicators are derivatives of historical price action. They offer no predictive power over random entry.
Trends are only available in hindsight. No one knows when a trend will start, for how long, or stop.
ForexOrderFlow.com Return This Year: 15.5%
  • #160
  • Aug 11, 2024 3:58pm Aug 11, 2024 3:58pm
Quoting aimhighest
Does this indicator populate the arrow without lagging? I mean, does the arrow show up as soon as the bar closes? Or, does arrow show after many bars? Because when I put up this indicator to my chart, it seems to be working very well; almost like automatic where to go long or short. Therefore, I am curious if these arrows shows up after many bars. If so, it's useless. Anyone?
Only you can answer that question.

Or do you want me to watch 28 pairs, on 9 timeframes, makes 280 charts, and get back to you every hour?

Good Luck
It takes a lot for me to IGNORE you, but you can try.
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