Forex
Indicators and Technical Studies
To select an indicator,
simply click on the indicator in the pop-up menu and a check mark will
appear on the left signaling the forex indicator has been plotted, as
shown below. To clear any forex technical indicator from the chart,
simply click on the indicator once again and the check mark beside the
technical indicator will disappear, signaling that the indicator has
been cleared.
A maximum of 2 upper
technical indicators can be plotted at the same time while up to 3 lower
indicators can be plotted together. Parameters for each technical indicator
will be explained in the next section.
The last part of
the menu indicates the formula used to calculate the technical indicators.
The traditional, last price, can be used or one can choose to try calculating
the technical indicators with the ProStick's Modal Point.
Indicator preferences
The second button
on the action toolbar allows forex traders to set preferences for each
technical indicator. A pop-up box will appear. Each forex indicator
has its own parameters and can be set by using the input boxes, as shown
below. The drop-down box in this menu will contain only the technical
indicators that have already been set. Simply click on the Apply button
to update the parameters' settings.
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