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EMA / RSI?

  • #1
  • First Post: Sep 22, 2006 9:45pm Sep 22, 2006 9:45pm
Hello, I'm new to Forex trading and apologize for the newbie question...I have a basic understanding of what EMA and RSI stand for and what their uses are...I was wondering, though, what it means when people say something like "plot 5/12 EMA's" or "plot RSI set at 21" - what does this mean, and how can I plot such things? Do I need a specific type of trading platform software, broker or both?

Thanks in advance for your help..
  • #2
  • Sep 23, 2006 12:00am Sep 23, 2006 12:00am
With my broker, you cannot change the period of indicators. That is what the number for the RSI is referring to. An RSI with a period of 21. the 5/12 emas simply mean to plot a 5 ema and a 12 ema. I use the free Metatrader4 to do this charting. It's great and helps a lot. You should be able to download it, just google it.

Hope that helps,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #3
  • Sep 23, 2006 6:19pm Sep 23, 2006 6:19pm
Quoting andersenws
With my broker, you cannot change the period of indicators. That is what the number for the RSI is referring to. An RSI with a period of 21. the 5/12 emas simply mean to plot a 5 ema and a 12 ema. I use the free Metatrader4 to do this charting. It's great and helps a lot. You should be able to download it, just google it.

Hope that helps,
andersenws

Hello,

Got the MT4 and has been tinkering with it for a bit, and I now think I understand what you mean. Thanks a lot.
  • #4
  • Sep 23, 2006 6:46pm Sep 23, 2006 6:46pm
i am just getting started too, and i am using a demo account with oanda, i was recently given the advice to use the MT4 platform for my analysis and use oanda for trading. and has proved helpfull so far, though i am just starting with it. you should be able to get a non expiring MT4 so you can use it the same way, i'm assuming, when you go live. if i am wrong here then somebody let me know please.
  • #5
  • Sep 23, 2006 11:56pm Sep 23, 2006 11:56pm
how to set EMA ? In MT4, is it ema is one of those indicators ? .. what actually ema stand for ? can anyone tell me ?
  • #6
  • Sep 24, 2006 5:53am Sep 24, 2006 5:53am
EMA - http://investopedia.com/terms/e/ema.asp
SMA - http://investopedia.com/terms/s/sma.asp

i was told to check out these sites. investopedia is a good place to get info on things like this. good luck
  • #7
  • Last Post: Oct 22, 2006 4:20am Oct 22, 2006 4:20am
Quoting MrSpot
EMA - http://investopedia.com/terms/e/ema.asp
SMA - http://investopedia.com/terms/s/sma.asp

i was told to check out these sites. investopedia is a good place to get info on things like this. good luck
Great work...thanks for sharing!
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