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Finding the best combination of Forex indicators for day trading can be quite hard – a trend indicator says “buy” when an oscillator says “sell” and vice-versa. However, by combining different indicators to different timeframes, a trader can take advantage of their strengths and reduce fake signals to a minimum. A huge collection of 3700+ free indicators, oscillators, trading systems & expert advisors for MT4 and MT5 trading platforms. 1500+ reviews & ratings. 1 Bollinger Bands:. The Bollinger bands indicator is regarded as one of the most famous trend indicators used by traders, especially by retail traders. The inventor, John Bollinger, had two uses for it when he developed the indicator: To measure the market’s volatility and to show trending conditions. Avoid adding too many indicators to your chart as indicators of the same type usually return similar trading signals. Instead, choose only one indicator out of each group (trend-following, momentum, and volatility) and combine their signals to confirm a setup and trade based on it. Best free & premium forex indicators, trading systems & strategies for MetaTrader 4 & 5.
The Best Forex Trading Indicators using Tradingview - YouTube
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