Moving average convergence/divergence (MACD), relative strength index (RSI), and stochastic oscillators are some of the most commonly used trading indicators and are used by forex traders around the world.
MACD provides a trend signal, divergence signal, and timing signal, while RSI looks at the strength of price, relative to the last closing price. Combined, these indicators help traders spot setups and see clear buy/sell signals as they help indicate overbought or oversold regions.
Watch as veteran trader Brad Alexander discussed how to use these indicators together.
Brad Alexander is an industry veteran who started trading the currency markets long before the advent of online trading. He owns FX Large Limited, which is dedicated to the provision of content for the forex industry; his clients include fintech companies, educators, and, of course, Valutrades. Brad is a self-confessed forex platform junkie who has worked with and created how-to content for most trading platforms, including MT4 and MT5.