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.
In the following article, we are going to take a look at the awesome oscillator indicator. This technical indicator for trading was developed by Bill Williams, who also created the accelerator oscillator and alligator indicator which help to form his trading strategy template that is readily available in the popular ..Read More
The Relative Momentum Index indicator was developed by Roger Altman and first introduced in the journal “Technical Analysis of Stocks & Commodities” in February 1993. The main objective of this indicator, according to the author, is to improve the quality of the classic RSI indicator readings if the price reaches ..Read More
The Fibonacci retracement tool has become a relatively popular technical indicator amongst forex traders, primarily due to the way it can easily help users to spot the interaction between corrective and trending movements in the forex market. Fibonacci retracement levels are horizontal lines that indicate where potential support and resistance ..Read More
Momentum indicators such as the relative vigor index can be very useful indicators if used and interpreted correctly. These technical indicators can help to determine the current market conditions, including trends and ranges. They can act is a filter for a variety of different forex trading strategies. The momentum should ..Read More