You want an indicator to help you with what? For example, there's a good indicator in MT5 - the average true range (ATR) - it's a very helpful one if you want to learn how much you can expect a currency pair to move in a period.
I have written down some indicators. Please clarify your question.
1. Moving Average
2. MACD
3. Relative Strength Index (RSI)
4. Stochastic Oscillator
5. Bollinger Bands
6. Average True Range (ATR)
7. Alligator
8. Ichimoku Kinko Hyo
9. Parabolic SAR
Have you tried those that are offered by default? You can customize them and see how it impacts results this is also a valuable information for a beginner
If you're using MT5, there are several valuable indicators that can really enhance your trading:
- MACD - great for spotting trend reversals and momentum.
- RSI - helps identify overbought or oversold conditions.
- Bollinger Bands - useful for gauging volatility and identifying potential breakout opportunities.
- Pivot Points - handy for identifying support and resistance levels.
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