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 KST Oscillator or Know Sure Thing Oscillator is a momentum-based oscillator. Developed by Martin Pring, the oscillator makes the rate-of-change readings smooth for the traders. It gives the four different timeframe readings, measuring their momentum and combining them into a single momentum oscillator. The KST Oscillator indicator can be ..Read More
The Double Exponential Moving Average (DEMA) technical indicator was developed by Patrick Mulloy and published in February 1994 in the journal “Technical Analysis of Stocks & Commodities”. Double exponential moving averages (DEMA) are an improvement over Exponential Moving Average (EMA) because they allocate more weight to recent data points. The ..Read More
The Rate of Change Indicator is a momentum indicator that describes the percentage price change between the current price and the previous price. The ROC is also known as the PROC (price rate of change indicator). The Rate-of-Change (ROC) indicator, which is also referred to as simply Momentum, is a ..Read More
The Triple Exponential Moving Average is used to determine trends in various markets and can be applied to trading forex, stocks, commodities, cryptocurrencies and more. Patrick Mulloy developed it and published in 1994 for the first time in the issue of “Technical Analysis of Stocks and Commodities”. Mulloy found that ..Read More
Gann Fans, created by W. D. Gann, are based on the premise that prices move in predictable patterns. Gann Fans are mainly used to identify support and resistance levels and predict future price movements. Gann’s theory shifted focus away from focusing solely on the price, which is usually the crucial ..Read More
The Fractal Adaptive Moving Average or better known as FRAMA, is a technical indicator developed by John Ehlers. This indicator is constructed based on the algorithm of the Exponential Moving Average, in which the smoothing factor is calculated based on the current fractal dimension of the price series. The advantage of ..Read More
The Range Verification Index or RAVI is used to identify the trending market. Introduced by Tushar Chande in his book Beyond Technical Analysis, RAVI shows the difference between the current prices and the past prices in percentage. The Range Action Verification Index indicator can be used on your trading platform ..Read More
The Summation Index, also known as the McClellan Summation Index, is a breadth technical indicator. It is a long-term version of the Summation Oscillator. It is based on the difference between price advances and declines. The authors of the Summation Index Sherman and Marian McClellan developed it to identify movements ..Read More
The McClellan Oscillator is an indicator of technical analysis from the family of oscillators, developed and implemented by Sherman and Marian McClellan in 1969. It is a breadth indicator derived from Net Advances, which is the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential ..Read More
One of the keys to forex trading is effective use of various technical indicators that allow you to analyse market movements. One such trading tool is the True Strength Index (TSI). In modern day forex technical analysis, the True Strength Index is based on Moving Averages that help to determine ..Read More