Moving Average Indicator for ForexMoving Average indicator for Forex is a trend indicator
Trend indicator is used too follow and identify the trend of Forex market price. Usually traders get their profits when forex market is trending. It is therefore important for traders to be able to identify when forex market is trending and if traders can trade after trend begins and exit trade after trend ends, traders will be successful. There are some trend indicator example : Moving average and Bollinger bands indicator for Forex.
The most simple trend indicator for forex is moving average indicator. Moving average forex indicator tells us what direction a market forex is trending and identify the support and resistance levels. Moving average indicator for Forex themselves can serve as both resistance and support levels.
But how a moving average indicator is Constructed ?
Moving average indicators for Forex are built by looking the average closing price at a certain period of time and then plotting these value on a forex trading chart.
We can st the moving average volatility by setting the time frame.
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1 comments:
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