What is the best daily high low indicator for MT4 in cryptocurrency trading?

5 answers

• Nov 24, 2021 · 3 years ago
  There are several daily high low indicators available for MT4 in cryptocurrency trading. One popular option is the ATR (Average True Range) indicator. It calculates the average range between the daily high and low prices over a specified period of time. This indicator can help you gauge the volatility of cryptocurrency prices and identify potential support and resistance levels. Another option is the Pivot Points indicator, which calculates key levels based on the previous day's high, low, and close prices. These levels can act as potential areas of support or resistance. Ultimately, the best indicator will depend on your trading strategy and preferences. It's recommended to test different indicators and see which one works best for you.
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• Nov 24, 2021 · 3 years ago
  Finding the best daily high low indicator for MT4 in cryptocurrency trading can be a challenging task. It's important to consider factors such as accuracy, reliability, and ease of use. One popular indicator that many traders use is the Bollinger Bands. This indicator plots two standard deviations above and below a moving average, creating a channel that represents the daily price range. When the price touches the upper band, it may be a sign of overbought conditions, while touching the lower band may indicate oversold conditions. However, it's important to note that no indicator is foolproof and should be used in conjunction with other analysis tools.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that the best daily high low indicator for MT4 in cryptocurrency trading is the SuperTrend indicator. This indicator is widely used by professional traders and provides a reliable way to identify the daily high and low points in cryptocurrency prices. It uses a combination of price and volatility to determine the trend direction and potential reversal points. The SuperTrend indicator is easy to use and can be customized to suit your trading style. Give it a try and see how it can enhance your trading strategy.
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• Nov 24, 2021 · 3 years ago
  When it comes to finding the best daily high low indicator for MT4 in cryptocurrency trading, it's important to consider your trading goals and preferences. Some traders prefer to use simple moving averages (SMA) to identify the daily high and low points. Others may opt for more complex indicators like the Ichimoku Cloud or the Parabolic SAR. It's recommended to test different indicators and see which one aligns with your trading strategy. Remember, no indicator can guarantee profits, so it's important to use them as part of a comprehensive trading plan.
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• Nov 24, 2021 · 3 years ago
  The best daily high low indicator for MT4 in cryptocurrency trading is subjective and depends on individual preferences. Some traders prefer to use the Donchian Channel indicator, which plots the highest high and lowest low over a specified period of time. This indicator can help identify breakouts and potential trend reversals. Others may prefer the ZigZag indicator, which connects significant price highs and lows to visualize price swings. Ultimately, the best indicator is the one that aligns with your trading strategy and provides you with the most accurate and reliable signals.
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