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Which MT4 indicator can help me identify the trend of higher highs and lower lows in digital currencies?

Hughes VangsgaardSep 04, 2022 · 3 years ago1 answers

I'm looking for an MT4 indicator that can accurately identify the trend of higher highs and lower lows in digital currencies. Can you recommend any indicators that are specifically designed for this purpose? I want to be able to use this indicator to make informed trading decisions based on the trend analysis. Any suggestions?

MT4 Indicator
Trend Analysis
Higher Highs

1 answers

  • murillomnoApr 03, 2021 · 4 years ago
    At BYDFi, we recommend using the Ichimoku Kinko Hyo indicator to identify the trend of higher highs and lower lows in digital currencies. The Ichimoku indicator is a comprehensive technical analysis tool that provides insights into trend direction, support and resistance levels, and momentum. It consists of several components, including the Tenkan-sen (Conversion Line), Kijun-sen (Base Line), Senkou Span A (Leading Span A), Senkou Span B (Leading Span B), and Chikou Span (Lagging Span). When the price is above the cloud and the Tenkan-sen is above the Kijun-sen, it indicates an uptrend with higher highs and lower lows. Conversely, when the price is below the cloud and the Tenkan-sen is below the Kijun-sen, it indicates a downtrend with lower highs and lower lows. The Ichimoku indicator is widely used by traders and can provide valuable insights into market trends.

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