Trading Using Abandoned Baby With MACD Indicators

Trading Using Abandoned Baby With MACD Indicators

Postby doaausef3li » Fri Apr 19, 2019 3:44 am

Even though the Abandoned Baby pattern is classified as a Reversal marker, you should also use the help of technical indicators, such as Moving Average Convergence Divergence (MACD) or Relative Strength Index (RSI). Both of these indicators both function to show the direction of price movements (trends), so that it is suitable to be used as a confirmation on the Abandoned Baby pattern.
1. Trading Using Abandoned Baby With MACD Indicatorsافضل شركات تدوال العملات الاسلامية
Moving Average Convergence Divergence (MACD) is one type of technical indicator that was first introduced by Gerald Appeal in 1979. Since then, the existence of MACD has been increasingly in demand by traders because it is considered simple and flexible for various types of forex trading strategies.
In general, the reason many traders choose the MACD indicator is because its function is neat as an indicator of the direction of trend movement to the right entry position. The way to determine the entry position based on the MACD indicator is to wait for the crossing between the two EMA (Exponential Moving Average) lines, namely EMA with 12 (fast length) and EMA with 26 (slow length). On the chart it can be seen that the EMA fast length line gives a more responsive line image than the slow length line because of its smaller period.التداول بالعملات الاجنبية forex
In relation to the Abandoned Baby pattern, this MACD indicator can be used as a complement so that the Reversal is confirmed more accurately. The appearance of a candle decorated baby pattern tends to be accompanied by crossing on two EMA lines. Besides indicating that Reversal has just been confirmed
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