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A technical indicator on Forex is based on a value of a trade volume and a price. Analyzing an forex indicator’s dynamic, a trader can determine a short-term price direction or a flat market. Traders, who prefer forex technical analysis, make decisions by means of forex technical indicators on whether to open or close positions.

There are several types of technical indicators.

Trend indicators analyze price fluctuations of a trading instrument. Using trend forex indicators in trading, it is possible to determine a price direction on various time frames. Moreover, a trader can judge whether a price is trending strongly. Trend forex indicators are versatile tools which are beneficial to any trading strategy.

Among trend indicators, there are indicators of trend lines. Having analyzed previous price patterns, a trader tries to extend a trend line in an effort to predict a further price direction. However, such predictions could not come true in practice.

Channel indicators are used when trading in price channels. Basically, such indicators are visual representation of support and resistance in any time frame. Using channel indicators, you can set a channel width on your own and select initial data which are needed to plot this indicator.

Oscillators are forex indicators which enable traders to earn decent profits in the flat market. Oscillators are helpful to determine new lows and highs on a chart as an oscillator signals when a price will change its direction.

Leading indicators foresee future trends before they actually come into being in an economy of a particular country.

By means of volatility indicators, analysts judge a profit-making condition on Forex.

Pure scalping indicators are rarely used in the market. A trader has to develop a well-rounded scalping strategy for better trading results. Using a single scalping indicator is of little help.

A trade volume forex indicator enables a trader to gauge strength or weakness of a market move as it confirms a trend when a price rises or falls.

A divergence forex indicator is a signal, which arises in case of disagreement between technical indicators and a price dynamic on the chart. This happens when the indicator does not fix a higher high and lower low. Any divergence forex indicator shows a visible price deviation from the forex indicator’s chart in a trading platform’s window.

CSS indicator is designed to measure the strength of currencies relative to each other. Calculation of exact CSS values is based on technical data that allows traders to respond promptly to any market changes.

To notice signals for a market entry or exit, indicators are applied to price charts and trade volume charts of financial instruments. Analysis of indicator’s values brings useful information on a further price direction or even a precise forecast of a future price.

MetaTrader 4 has built-in forex indicators that trigger almost every basic indicator that is present nowadays. Working with MetaTrader 4 enables you to use all of them when trading.

A few of MetaTrader 4 terminal indicators are:

Start working on your technical analysis using MetaTrader terminal!

See Also

Forex News
  • 2024-04-23 09:17:00
    *Australian Dollar Edges Up To 0.8853 Against Canadian Dollar
    2024-04-23 09:16:00
    *Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. Dollar
    2024-04-23 09:16:00
    *Australian Dollar Advances To 8-day High Of 100.03 Against Yen
    2024-04-23 09:16:00
    *Australian Dollar Climbs To 1-week High Of 1.6489 Against Euro
    2024-04-23 09:06:00
    *India Apr Flash HSBC Manufacturing PMI Stable At 59.1
    2024-04-23 09:05:00
    *Singapore Mar CPI Falls 0.1% On Month
    2024-04-23 09:04:00
    *Singapore Mar Core Inflation 3.1% Vs. 3.6% In February
    2024-04-23 09:03:00
    *Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%
    2024-04-23 09:01:00
    *India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In March
    2024-04-23 09:01:00
    *India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In March
  • 2024-04-23 13:17:00
    *Euro Rises To Near 2-week High Of 1.0696 Against U.S. Dollar
    2024-04-23 13:11:00
    Pound Rises Against Majors
    2024-04-23 13:05:00
    *Pound Ticks Up To 0.8622 Against Euro
    2024-04-23 13:04:00
    *Pound Advances To 1.1286 Against Swiss Franc
    2024-04-23 13:04:00
    *Pound Edges Up To 1.2389 Against U.S. Dollar
    2024-04-23 13:03:00
    Hong Kong Inflation Eases Slightly To 2.0%
    2024-04-23 13:03:00
    *Pound Rises To 4-day High Of 191.82 Against Yen
    2024-04-23 12:51:00
    German Private Sector Returns To Growth
    2024-04-23 12:38:00
    *UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0
    2024-04-23 12:37:00
    *UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0
  • 2024-04-23 12:37:00
    *Hong Kong Mar CPI Inflation 2.0% Vs. 2.1% In February
    2024-04-23 12:35:00
    *UK Apr S&P Global Flash Composite PMI 54.0 Vs. 52.8 In March
    2024-04-23 12:33:00
    Taiwan Industrial Output Rebounds, Retail Sales Growth Eases Sharply
    2024-04-23 12:09:00
    *Poland Mar Retail Sales Up 6.1% On Year, Consensus 6.7%
    2024-04-23 12:05:00
    *Taiwan Mar Retail Sales Up 0.71% Y/Y Vs. 9.33% In February
    2024-04-23 12:05:00
    *Eurozone Apr Flash Manufacturing PMI 45.6 Vs. 46.1 In Mar, Consensus 46.5
    2024-04-23 12:04:00
    *Eurozone Apr Flash Services PMI 52.9 Vs. 51.5 In Mar, Consensus 51.8
    2024-04-23 12:03:00
    *Taiwan Mar Industrial Production Up 3.99% Y/Y Vs. -1.31% In February
    2024-04-23 12:03:00
    *Amended: Eurozone Apr Flash Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8
    2024-04-23 12:02:00
    *Eurozone Apr Final Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8
  • 2024-04-23 11:39:00
    *France Apr Flash Factory PMI 44.9 Vs. 46.2 In Mar, Consensus 46.9
    2024-04-23 11:37:00
    *France Apr Flash Services PMI 50.5 Vs. 48.3 In Mar, Consensus 48.9
    2024-04-23 11:36:00
    *France Apr Flash Composite PMI 49.9 Vs. 48.3 In March
    2024-04-23 11:35:00
    *Germany Apr Flash Manufacturing PMI 42.2 Vs. 41.9 In Mar, Consensus 42.8
    2024-04-23 11:34:00
    *Germany Apr Flash Services PMI 53.3 Vs. 50.1 In Mar, Consensus 50.6
    2024-04-23 11:34:00
    Antipodean Currencies Rise Amid Risk Appetite, PMI Data
    2024-04-23 11:33:00
    Singapore Inflation Eases To 2.7%, Lowest In 30 Months
    2024-04-23 11:33:00
    *Germany Apr Flash Composite Output Index 50.5 Vs. 47.7 In Mar, Consensus 48.6
    2024-04-23 11:07:00
    *South Africa Feb Composite Leading Indicator 112.8 Vs. 110.9 In January
    2024-04-23 10:50:00
    UK Budget Deficit Exceeds Estimate
  • 2024-04-23 10:37:00
    India Private Sector Growth Strongest Since June 2010
    2024-04-23 10:26:00
    Japan Private Sector Growth Accelerates In April
    2024-04-23 10:05:00
    *UK Mar Public Sector Net Borrowing GBP 11.02 Bln, Consensus GBP 8.9 Bln
    2024-04-23 09:50:00
    NZ Dollar Advances Against Most Majors
    2024-04-23 09:47:00
    European Economic News Preview: Eurozone Flash PMI Data Due
    2024-04-23 09:31:00
    Australian Dollar Rises Against Majors
    2024-04-23 09:22:00
    *NZ Dollar Edges Up To 0.5928 Against U.S. Dollar
    2024-04-23 09:21:00
    *NZ Dollar Advances To Near 2-week High Of 91.75 Against Yen
    2024-04-23 09:20:00
    *NZ Dollar Rises To 5-day High Of 1.7982 Against Euro
    2024-04-23 09:17:00
    *Australian Dollar Rises To 6-day High Of 1.0919 Against NZ Dollar
  • 2024-04-23 09:17:00
    *Australian Dollar Edges Up To 0.8853 Against Canadian Dollar
    2024-04-23 09:16:00
    *Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. Dollar
    2024-04-23 09:16:00
    *Australian Dollar Advances To 8-day High Of 100.03 Against Yen
    2024-04-23 09:16:00
    *Australian Dollar Climbs To 1-week High Of 1.6489 Against Euro
    2024-04-23 09:06:00
    *India Apr Flash HSBC Manufacturing PMI Stable At 59.1
    2024-04-23 09:05:00
    *Singapore Mar CPI Falls 0.1% On Month
    2024-04-23 09:04:00
    *Singapore Mar Core Inflation 3.1% Vs. 3.6% In February
    2024-04-23 09:03:00
    *Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%
    2024-04-23 09:01:00
    *India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In March
    2024-04-23 09:01:00
    *India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In March
  • 2024-04-23 13:17:00
    *Euro Rises To Near 2-week High Of 1.0696 Against U.S. Dollar
    2024-04-23 13:11:00
    Pound Rises Against Majors
    2024-04-23 13:05:00
    *Pound Ticks Up To 0.8622 Against Euro
    2024-04-23 13:04:00
    *Pound Advances To 1.1286 Against Swiss Franc
    2024-04-23 13:04:00
    *Pound Edges Up To 1.2389 Against U.S. Dollar
    2024-04-23 13:03:00
    Hong Kong Inflation Eases Slightly To 2.0%
    2024-04-23 13:03:00
    *Pound Rises To 4-day High Of 191.82 Against Yen
    2024-04-23 12:51:00
    German Private Sector Returns To Growth
    2024-04-23 12:38:00
    *UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0
    2024-04-23 12:37:00
    *UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0
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