Search found 10 matches

Re: Volume Indicators for MT4

This question might be too general, but it is quite important. What is the source from the volume data? If we speak about stocks it is quite easy - it would be the actual volume traded on particulr exchange or group of exchanges (like it works in US). But what happens at Forex? Since the market is d...

Re: RSI Indicators for MT4

By the way, which main levels should one use for RSI? I`ve found several opinions on this. The most common are 30 and 70, but someone use 20 and 80. To my mind, the latter combination would help to reduce the number of false breakouts while providing less trading signals. At the same time, the first...

Re: Best Volume Indicator To Use?

My favorite indicators are RSI and VWAP. First one works great for the instruments moving inside the range and helps to avoid opening trades at the end of the movement. At the same time, it could provide wrong signals in case of strong trend movement. It is better to use RSI for commodities when the...

Re: Reversal Indicator

As for me, the best reversal indicator is RSI. Of course, you should not open position using only the idnicator, but it works great to confirm the resersal entry zones. For example, you can use it when the price crosses the trendline. There is a great article about RSI here ............................

Re: Why traders should not use mobile MT4 as their primary trading platform for technical analysis

Actually, the idea to use mobile platform as the main trading tool is not so good at all. You need to have big enough screen to be able to see the full picture, to analyse situation. As for me, there are three main scenarios, when mobile platform is necessary: 1. To watch current mid-term positions ...

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