Forex indicators can help you analyse currency pairs for trading signals. They are based on unique algorithms that crunch all of the price data from the forex market and present you with an indication as to which direction the market may be heading.
The majority of forex indicators are based on technical analysis, although some also look at candlestick patterns and fundamental analysis.
There are literally thousands upon thousands of forex trading indicators that you can choose from, both free and paid. Forex platforms will contain a great selection of the most popular indicators including the moving average, MACD, RSI and Bollinger Bands. There are indicators for spotting trends, overbought or oversold conditions, ranging markets, reversals and more.
You can use forex indicators on any currency pair and chart timeframe. Combing short and long-term market analysis with indicators can help to give us a better outlook of the overall market direction. Along with other forms of forex market data and analysis, indicators can help you to make informed trading decisions and may be used as the basis for your forex trading strategies.
The Mass Index (MI) indicator is a technical indicator, which makes it possible to predict a trend reversal by analyzing the dynamics of changes in the price range. It was first compiled and applied by renowned theorist Donald Dorsey. What is the Mass Index indicator? The Mass Index was primarily created ..Read More
The support and resistance levels can help traders to try and identify the direction of the market by pointing price data. Major support and resistance areas are price levels that have recently caused a trend reversal. If the price was trending higher and then reversed into a downtrend, the price ..Read More
Moving averages are one of the oldest and most commonly used classic indicators and yet, even they are not without certain drawbacks. A moving average with too short a period can generate a lot of false trading signals. It is delayed so we can miss some of the trend movement. ..Read More
In Physics, inertia is a continuous motion of the body until an outside force acts upon it. In financial markets, the concept of inertia was given by Donald Dorsey in the 1995 issue of Technical Analysis of Stocks and Commodities through the Inertia Indicator. The Inertia Indicator is moment-based and ..Read More
The market facilitation index indicator was created by trader and author Bill Williams, who described it as a measure of market reaction to a new volume. He does this by observing how the price moved along with the tick volume at that time, and then subsequently assigning the value of ..Read More
The chaikin volatility indicator was developed by Mark Chaikin, a famous stock trader and market analyst who began his career with the work of Joe Granville and Larry Williams. Despite originally being developed for stock trading, the indicator can be used to trade forex, indices, commodities, precious metals, energies, cryptocurrencies ..Read More
The Ichimoku cloud is a type of technical analysis that defines support and resistance levels, momentum, and trend direction. The Ichimoku was developed by Goichi Hosoda, a Japanese journalist in the 1960s. It is also called Ichimoku Kinko Hyo. Unless you have an understanding of Japanese, the terms Kijun, Tenkan, ..Read More
The force index indicator is not as popular as some of the more well known forex technical indicators but can still be a very important trading tool when incorporated within a more complete forex trading strategy. The primary purpose of using the force index indicator is to show traders how ..Read More
The Aroon indicator was developed by Tushar Chande in 1995, and is an indicator based trading system that determines whether a trading instrument is trending or not and how strong the trend is. As conceived by the creator, Aroon had to determine points for entering trades before other indicators and ..Read More
The Vortex indicator was developed by Swiss technical experts Etienne Botes and Douglas Siepman and published in the January 2010 edition of Technical Analysis of Stocks & Commodities. Since then, this indicator has gained immense popularity amongst forex traders. It is commonly used to help identify the start of a ..Read More