Lesson 1 - Using Technical Indicators

Technical Indicators in the Forex

A typical technical indicator applied to a chart uses one to three pieces of information: time, price and/or volume. The indicator takes that information and creates a visual representation of the data to give you insight into where a pair is headed.

Because Forex is a distributed market, there is very little volume information. That usually leaves just price and time. There are a lot of ways to analyze that information and the potential variables are endless. Understanding how to wade through this data is vital. Technical indicators are designed to help.

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[accentplaya18]

I knew RSI, but you taught me trending very well! Thanks