What indicator can best reflects a pair's current trend | Forex Factory

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What indicator can best reflects a pair's current trend

  • #1
  • First Post: Oct 29, 2006 7:50am Oct 29, 2006 7:50am
Greetings One and All,

I would like some feedback from the gang here on the better indicators to use for determining a trend. Also which ones have a multi-time frame indicator available. I am looking for weekly, daily, and 4H time frames.
I would like to have an easy method for confirming what the trend is on the above mentioned charts. I am open to all ideas and interpretation, I hope to be able to incorporate some of the ideas into a method I am thinking about.
I have looked at some but I would like to hear as many ideas as I can before I look at using one over another.

Thank you for your help,

Labrat407
  • #2
  • Oct 29, 2006 9:37am Oct 29, 2006 9:37am
Though i do not actively use the GMMA (Guppy Multiple Moving Average), once you have done your homework on the indicator, it can prove to be a powerful indicator of the trend. Do a search of the forums for GMMA and read some of what is there. Guppy (An Auzie trader) has some good books and DVDs on the subject also. Here is a thread here at the factory for starters

Below is an image that Bemac posted on the thread above showing the GMMA in action:

http://www.forexfactory.com/forexfor...tid=6547&stc=1

Good Trading,
Thom
  • #3
  • Oct 29, 2006 10:09am Oct 29, 2006 10:09am
Since all indicators are derrived from price (except volume which we don't have) why not just use price? Inidicators require price to change to detect movement, that's why they are called "lagging."

Up trend: Price makes higher highs and higher lows
Down trend: Price makes lower highs and lower lows.

Don't make trading more complicated than it has to be, just look at price for trend determination.
  • #4
  • Oct 29, 2006 10:36am Oct 29, 2006 10:36am
I use the AM5YGS method.

I ask my five year old grand son. He can usually tell me if the price is generally going up or if it is generally going down. I also look at larger time frames to get a longer view point. This method works in all time frames...


Quoting philmcgrew
Since all indicators are derrived from price (except volume which we don't have) why not just use price? Inidicators require price to change to detect movement, that's why they are called "lagging."

Up trend: Price makes higher highs and higher lows
Down trend: Price makes lower highs and lower lows.

Don't make trading more complicated than it has to be, just look at price for trend determination.
  • #5
  • Oct 29, 2006 11:18am Oct 29, 2006 11:18am
the osma indicator, I call it the Osama indicator. It also goes by the long name of "Moving Average of Oscillator".
  • #6
  • Oct 29, 2006 11:33am Oct 29, 2006 11:33am
The 5 year old grandson approach? That sounds promising, can you make an EA of that? I was using a 6 year old, but a fib age sounds better.
  • #7
  • Oct 29, 2006 12:04pm Oct 29, 2006 12:04pm
Quoting theoldinout
The 5 year old grandson approach? That sounds promising, can you make an EA of that? I was using a 6 year old, but a fib age sounds better.
No but seriously folks, Phil is right. Do not make it more complicated.. If one just starts with a longer time frame and works their way down. It is quite easy to see the trend from long range to very short term. It is often easy to not see the forest for the trees so to speak, but Trend lines will help.

BTW, the little guy is already an Expert Advisor...

Scott
  • #8
  • Oct 29, 2006 12:15pm Oct 29, 2006 12:15pm
SMJONES,
I have an issue with the AM5YGS method. I currently only have my own kids, 6yrs, 3.5yrs, and 1.5yrs. Even using a MMA (and they do move) I can not get the 5 yr old. Let alone a 5yr old grand kid. Another indicator might work better for me.

Labrat407
  • #9
  • Edited 4:47pm Oct 29, 2006 3:18pm | Edited 4:47pm

Well I suppose a 6 year old son or daughter might work. Should be backtested though..
Or, you could use trend lines.. TDTLs work fairly well...

Quoting Labrat407
SMJONES,
I have an issue with the AM5YGS method. I currently only have my own kids, 6yrs, 3.5yrs, and 1.5yrs. Even using a MMA (and they do move) I can not get the 5 yr old. Let alone a 5yr old grand kid. Another indicator might work better for me.

Labrat407
  • #10
  • Oct 29, 2006 4:07pm Oct 29, 2006 4:07pm
You can plot 34 ema on your charts. Do 3 emas at 34 using open, high and low. If the slope is between 12 and 2 o'clock its an up trend, at 3 o'clock it's a side ways market and between 4 and 6 it's a down trend.

Simple but effective.
Dave If you can't swim with the sharks stay out of the water!
  • #11
  • Oct 29, 2006 4:31pm Oct 29, 2006 4:31pm
Quoting downunderdave40
You can plot 34 ema on your charts. Do 3 emas at 34 using open, high and low. If the slope is between 12 and 2 o'clock its an up trend, at 3 o'clock it's a side ways market and between 4 and 6 it's a down trend.

Simple but effective.
raghee horner would be proud. I never understood why one would cover up price with a derrivitive of price to determine where price was.
  • #12
  • Last Post: Oct 29, 2006 8:29pm Oct 29, 2006 8:29pm
Phil you are such a rebel. (grin)

Hey Scott was it you or someone else that includes their neighbor's dog in the equation also? Something about seeing which plant he marks first and if he marks the rest in a clockwise or counter-clockwise fashion?

; ) Thom
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