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Envelopes - Price Breakout approach
When the price is done resting and consolidating, they breakout, in one direction or the other. When prices break above the upper envelope, then buy. When prices break below the lower envelope, then sell. 0
Metalli
ADX - traditional general approach
The Average Direction Index takes a different method when it comes to analyzing trends. It won’t tell you whether price is trending up or down, but it will tell you if price is trending or is ranging. This makes it the perfect filter for either a range or trend strategy by making sure you are trading based on current market conditions. 0
MACD: entry points estimating
MACD is very universal indicator which can not used for trading because this indicator is estimating the entry points for buy and sell (on M5 or M15 timeframe). Besides, we may use this indicator for trade confirmation to determing about the following: will our trade go on the direction of the primary trend on H4 timeframe (for example) or not. Many traders are using MACD to estimate the primary direction in the beginning of the trading sesssion which help them a lot take some part of the primary trend onto the profit for example. 0