Which MT4 indicator can help me identify the trend of higher highs and lower lows in digital currencies?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we recommend using the Ichimoku Kinko Hyo indicator to identify the trend of higher highs and lower lows in digital currencies. The Ichimoku indicator is a comprehensive technical analysis tool that provides insights into trend direction, support and resistance levels, and momentum. It consists of several components, including the Tenkan-sen (Conversion Line), Kijun-sen (Base Line), Senkou Span A (Leading Span A), Senkou Span B (Leading Span B), and Chikou Span (Lagging Span). When the price is above the cloud and the Tenkan-sen is above the Kijun-sen, it indicates an uptrend with higher highs and lower lows. Conversely, when the price is below the cloud and the Tenkan-sen is below the Kijun-sen, it indicates a downtrend with lower highs and lower lows. The Ichimoku indicator is widely used by traders and can provide valuable insights into market trends.
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