Top 10 Indicators
Which are the Most Popular Indicators?
- RSI
- MACD
- MA Indicator
- Bollinger Band Indicator
- ADX
- Stochastic Indicator
- Parabolic SAR
- Pivot Points
- Ichimoku Kinko Hyo Indicator
- CCI
XAUUSD Traders use these indicators to come up with xauusd strategies with which they can generate signals with.
With these indicators traders can study and learn about how to generate signals of buy sell with each of the above indicators.
After learning about each indicator & how each indicator is used to generate signals traders can then decide which are the best two or three indicators that they can combine to come up with a xauusd system that they will be using to generate xauusd system to trade with.
To come up with a xauusd strategy or xauusd system - traders will have to choose two or three indicators & specify xauusd rules of when these indicators combined will generate a signal.
A signal will be generated when all the indicators give a signal in the same direction. This will mean that other indicators are used to confirm signals generated by one indicator.
By using a combination of two or three indicators to form a traders will reduce the chance of trading a xauusd trading whipsaw signal because a signal generated by one indicator is confirmed with signals of other indicators.
This use of two or more indicators combined is known as a xauusd system.
Traders will then write rules of when this xauusd system will generate signals. Once the rules of the xauusd system are specified - traders will use these rules to determine where they will open buy trades and where they will open sell trades.
The xauusd system will specify rules for a buy trade, rules for a sell xauusd trade and rules that will be used to close an open trade transaction.
A trader might have to test-out different combination of different technical indicators before coming up with a xauusd system that is best suited for their xauusd style. Therefore, it is best for traders to learn about the most popular top ten indicators and then test-out which of these indicators are best suited for their method & then after that the traders can decide which indicators to use for their xauusd system.
What are the Most Popular Indicators? - Top 10 Indicators - Which are the Most Popular Technical Indicators? - Which are the Most Popular Indicators? - Which are the Most Popular Indicators
