What is the most accurate indicator for forex?
Fibonacci is a trading tool that shows the most accurate market direction as it is related to every creature in the universe. The most significant part of the Fibonacci tool is the golden ratio of 1.618. In the forex market, traders use this ratio to identify market reversal and the profit-taking area.
What is the Rex indicator?
“The Rex oscillator is an indicator that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close indicates strength.
What is the Alligator indicator?
The Williams Alligator indicator is a technical analysis tool that uses smoothed moving averages. The indicator uses a smoothed average calculated with a simple moving average (SMA) to start. It uses three moving averages, set at five, eight, and 13 periods.
What does the indicator forex show on the chart?
Indicator Forex shows on chart in right corner current spread and time to open next bar. Indicator Forex shows on chart number of trades closed yesterday and today and profit from closed orders today and previous day. Indicator Forex draws two horizontal lines on chart point out yesterday high and low.
Which is the best RSI indicator for contrarian traders?
The Composite RSI is known as Mladen’s favorite indicator. This version of the Composite RSI also includes Floating Levels. A strong indicator for contrarian traders who want to join in on new trends. Comes with 4 different Floating Level choices.
Which is the Best Forex indicator for 2020?
Indicator Channel 2020 is based on the linear trend, which represents a usual trend line plotted between two points on chart. Best TF is H1.
Which is the Best Forex indicator for mrtools?
The Adaptive Jurik Filter is known as Mrtools’s current favourite indicator. Coded with precision in mind, this indicator works and has proven ability to extract profits from the market. A vast array of options are available.