Top 5 best indicators for Olymp Trade

In this article we will look at the top 5 popular indicators for Olymp Trade.

1. MACD

MACD indicator – consists of two moving average lines with different settings and a histogram with dynamic columns.
These elements show the strength of the current trend and give signals for opening successful trades.
The main advantages of trading using this indicator is that it combines 3 indicators at once, is suitable for all currency pairs, and allows you to make up to 90% of profitable transactions.

MACD indicator Olymp Trade

What is the essence of the indicator and strategy?
The MACD indicator shows the moment of the trend reversal (for example, from ascending to descending) and works perfectly both on a line chart and on a candlestick chart.

2. RSI

RSI (relative strength index) is a very effective technical indicator, thanks to which you can receive accurate signals to open trades around the clock.
Features of this indicator is that it:

  • works on trend reversal
  • Ideal for deals from 5 to 15 minutes
  • It shows excellent results on the currency pairs EURUSD, GBPUSD, EURJPY.
RSI Olymp Trade

What is the essence of the strategy?
As you know, the price of a currency pair is constantly changing during the day, and the price change curve is usually located in the trade corridor (for example, within the conventional values ​​from 30 to 70)
So, the price periodically goes beyond the limits of the trading corridor (it becomes lower than 30 or higher than 70). When the price is above 70, this is called an overbought phase. When the price is below 30, this is called the oversold phase of the market.
When the indicator line returns to the boundaries of the trading corridor, it tells us that the trend has changed.

My trading on the RSI indicator (video) –
https://www.youtube.com/channel/UCZDRBNyZjr1c5tP-ORhGjLg

3. Simple Moving Average

The main advantages of trading with this indicator are that it:
easy to learn. It can be easily customized. Shows a high percentage of profitable transactions.
 SMA (Simple Moving Average or Simple Moving Average) is one of the most well-known and simple indicators of technical analysis. It reflects the average price for a certain period of time.

Simple Moving Average. Olymp Trade

Fast and slow SMA.
For greater efficiency of the trading strategy, we use two moving averages SMA with different time periods: 60 and 4.

Slow SMA with a period of 60 – shows a smoothed price movement, excluding random fluctuations.

4. Bollinger Bends

Bollinger lines are a trend indicator with oscillator elements.
The bars show oversold and overbought market phases.

Bollinger Bends Olymp Trade

What is the essence of the indicator?

The indicator consists of three main bands (lines):
The central band corresponds to a simple moving average price.
The upper and lower bands represent levels at which the price can be considered to be quite high or low enough relative to the moving average in recent times.
This strategy is most effective at:
Raw materials – (gold, silver, oil).
On currency pairs: EUR / USD, GBP / USD, USDCAD, USDCHF, EURJPY.
And on the promotions: Google, Apple, Coca-Cola, IBM, Tesla.

5. Stochastic

Stochastic – is one of the most popular and effective indicators. It clearly shows the moments of the trend reversal.

The main features of this indicator are:

  • gives a signal to the trend reversal
  • Suitable for all currency pairs.
Stochastic Olymp Trade
Stochastic indicator on Olymp Trade

What is the essence of the indicator?

Stochastic shows us when the market is overbought and when it is oversold. As you can see, it consists of two moving average lines. Red is signal, and blue confirms the signal. Move lines in the range from 0 to 100.

 It is important to pay attention to those moments when they are above level 80 and below level 20.

If the red line is above the 80 mark, it means that the market is overbought and the price will start falling very soon.
If the signal line was below level 20, it means that the market is oversold and the price will soon start to rise.