Indicators Setting

Indicators setting actually not as significant as understanding the behavior of its movement. This is simply because indicators are merely interpretation of price, which means it follows where ever the price goes to. However the behavior of the indicators moving within support and resistance level is very important. As the lower time frame for example 5 minutes and 15 minutes indicators most often providing tricky sign of direction, you will still be able to figure out the overall picture of the movement using support and resistance level.

There are three ways you can measure the support and resistance level which are the bollinger bands, fibonacci retracement, and pivot point measure. Since the forex market is very dynamic therefore i prefer to use the bollinger bands to measure support and resistance level. Fibonacci retracement and pivot point are as good too, the only different they are usually calculate fixed point of support and resistance.

Anyway if you really have no idea what setting you need for your indicators, maybe you can set them base on the following setting;

Slow Stochastic: 5-5-3
FastK Period : 5
SlowK Period : 5
SlowD Period : 3

Moving Average Convergence/Divergence (MACD): 12-26-9 (Default)
Fast EMA Period: 12
Slow EMA Period: 26
MACD SMA Period: 9

Bollinger Bands: 20-2
Moving Average Type: Exponential
Period : 20
Multiple : 2.0

Take note that on different chart platform there should be slight differences even though the indicators using the same setting. Therefore the most important is the understand the behavior of the indicators within support and resistance level which is more value able than the setting itself. And different setting require different mindset to look at it, so if you are frequently changing your setting without adjusting your mindset you are heading to absolute failure.