Any suggestion for a good 5M indicator?

[mike_s]

Hi guys,
I'm looking for an indicator that give somewhat good trade signals on 5M period.
Can you suggest some?

Any advice will be much appreciated.
Thanks,

Mike

[Brian Dee - Random Trader]

See these free indis at http://www.selectfx.net/free_stuff_ind.htm

For M5 charts, in particular look at SFX MCL & SFX TDQB

Also iTrend hitting a certain level for pair & timeframe is also good at signaling potential reversal

Good Luck
-BB-

[[Deleted]]

Hi, I like the 5 min timeframe for doing Daytrades and using the i min to help with entry. Try my 3D ADX which is simply this:

5 Bar ADX 7Bar ADX 12Bar ADX Superimposed on the chart. Sometimes they will all come to a point at the top or bottom. This is usually the Optimum time to enter the trade either Long or Short. I used to do this with the Force indicator as well. By Superimposing indicators you get a better picture when there is a divergence.

Jim Contant
"Jims Trading Machine"

[mike_s]

Thanks BB & Jim.. I'll try it right away!