To do this, back to the first image in this article.Īs the first element, we use the MA indicator Volume indicators help in making decisions on opening a position at a specific point, based on abnormal trading volume at the current moment in time.Ĭhannel construction and levels help to conditionally outline the price movement corridor either inclined in the case of a trend or horizontal in the case of sideways movement.Īs a simple example, we will build an analysis system using the most common and effective indicators that have been used for decades and at the same time have not lost their relevance and effectiveness. From a logical point of view, the oscillator helps to identify the end of a trend when doubts appear in the readings of a trend indicator.Įverything in the list below the two briefly described groups refers to auxiliary indicators. When building technical analysis systems, it is optimal to use both groups of the above indicators to more fully display the current situation of the instrument. It is possible to use oscillators in both trend and flat movements. Their main purpose is to signal the trader about the possible end of the current trend and proximity to the pivot point. Oscillators take the second place on the list. This can lead to an incorrect interpretation of the current price movement and, as a result, to an erroneous decision when opening a position. The use of trend indicators is not recommended when trading in the range. As the name of the group implies, their functional purpose is to monitor the existing trend and trade in its direction. The first in the list are trend indicators. So what are the indicators? For viewing, we will use the “Indicators” tab on the terminal control panel. What we see on the screen is nothing more than a simple moving average with a period of 1. The first acquaintance with the indicator occurs when you select a linear display of prices in the trading terminal.
In this regard, a logical question arises about the need and feasibility of using various indicators. The article on indicatorless systems of technical analysis concluded that they are sufficient for making trading decisions.
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