Technical indicators
Technical indicators are vital trader’s tools which aim to carry out technical analysis of the financial markets and predict further market moves. Forex indicators are called technical indicators because they mirror only statistical data of markets. They do not track fundamental data of trading instruments like companies’ revenue, earnings, and profit margins.
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:
- Williams` Percent Range - %R: description, adjustment and application
- Stochastic Oscillator: description, adjustment and application
- Standard Deviation indicator: description, adjustment and application
- Relative Vigor Index - RVI: description, adjustment and application
- RSI indicator: description, adjustment and application
- Parabolic Sar: description, adjustment and application
- On Balance Volume - OBV: description, adjustment and application
- Moving Average of Oscillator - OsMA: description, adjustment and application
- MACD: description, adjustment and application
- Money Flow Index - MFI: description, adjustment and application
- Momentum indicator: description, adjustment and application
- Market Facilitation Index - BW MFI: description, adjustment and application
- Moving average indicator: description, adjustment and application
- Gator Oscillator - Gator: description, adjustment and application
- Fractals: description, adjustment and application
- Force Index - FRC: description, adjustment and application
- Moving average envelopes: description, adjustment and application
- Elder-rays: description, adjustment and application
- DeMarker - DeM: description, adjustment and application
- CCI index: description, adjustment and application
- Ichimoku Kinko Hyo: Ichimoku clouds: description, adjustment and application
- Bollinger Bands: description, adjustment and application
- Awesome Oscillator - AO: description, adjustment and application
- ATR indicator: description, adjustment and application
- ADX indicator: description, adjustment and application
- Williams Alligator indicator: description, adjustment and application
- Accumulation/Distribution - A/D: description, adjustment and application
- Accelerator/Decelerator Oscillator - AC: description, adjustment and application
Start working on your technical analysis using MetaTrader terminal!
See Also
- 2024-04-23 09:17:00*Australian Dollar Edges Up To 0.8853 Against Canadian DollarQuick show2024-04-23 09:16:00*Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. DollarQuick show2024-04-23 09:16:00*Australian Dollar Advances To 8-day High Of 100.03 Against YenQuick show2024-04-23 09:16:00*Australian Dollar Climbs To 1-week High Of 1.6489 Against EuroQuick show2024-04-23 09:06:00*India Apr Flash HSBC Manufacturing PMI Stable At 59.1Quick show2024-04-23 09:05:00*Singapore Mar CPI Falls 0.1% On MonthQuick show2024-04-23 09:04:00*Singapore Mar Core Inflation 3.1% Vs. 3.6% In FebruaryQuick show2024-04-23 09:03:00*Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%Quick show2024-04-23 09:01:00*India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In MarchQuick show2024-04-23 09:01:00*India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In MarchQuick show
- 2024-04-23 13:17:00*Euro Rises To Near 2-week High Of 1.0696 Against U.S. DollarQuick show2024-04-23 13:11:00Pound Rises Against MajorsQuick show2024-04-23 13:05:00*Pound Ticks Up To 0.8622 Against EuroQuick show2024-04-23 13:04:00*Pound Advances To 1.1286 Against Swiss FrancQuick show2024-04-23 13:04:00*Pound Edges Up To 1.2389 Against U.S. DollarQuick show2024-04-23 13:03:00Hong Kong Inflation Eases Slightly To 2.0%Quick show2024-04-23 13:03:00*Pound Rises To 4-day High Of 191.82 Against YenQuick show2024-04-23 12:51:00German Private Sector Returns To GrowthQuick show2024-04-23 12:38:00*UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0Quick show2024-04-23 12:37:00*UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0Quick show
- 2024-04-23 12:37:00*Hong Kong Mar CPI Inflation 2.0% Vs. 2.1% In FebruaryQuick show2024-04-23 12:35:00*UK Apr S&P Global Flash Composite PMI 54.0 Vs. 52.8 In MarchQuick show2024-04-23 12:33:00Taiwan Industrial Output Rebounds, Retail Sales Growth Eases SharplyQuick show2024-04-23 12:09:00*Poland Mar Retail Sales Up 6.1% On Year, Consensus 6.7%Quick show2024-04-23 12:05:00*Taiwan Mar Retail Sales Up 0.71% Y/Y Vs. 9.33% In FebruaryQuick show2024-04-23 12:05:00*Eurozone Apr Flash Manufacturing PMI 45.6 Vs. 46.1 In Mar, Consensus 46.5Quick show2024-04-23 12:04:00*Eurozone Apr Flash Services PMI 52.9 Vs. 51.5 In Mar, Consensus 51.8Quick show2024-04-23 12:03:00*Taiwan Mar Industrial Production Up 3.99% Y/Y Vs. -1.31% In FebruaryQuick show2024-04-23 12:03:00*Amended: Eurozone Apr Flash Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8Quick show2024-04-23 12:02:00*Eurozone Apr Final Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8Quick show
- 2024-04-23 11:39:00*France Apr Flash Factory PMI 44.9 Vs. 46.2 In Mar, Consensus 46.9Quick show2024-04-23 11:37:00*France Apr Flash Services PMI 50.5 Vs. 48.3 In Mar, Consensus 48.9Quick show2024-04-23 11:36:00*France Apr Flash Composite PMI 49.9 Vs. 48.3 In MarchQuick show2024-04-23 11:35:00*Germany Apr Flash Manufacturing PMI 42.2 Vs. 41.9 In Mar, Consensus 42.8Quick show2024-04-23 11:34:00*Germany Apr Flash Services PMI 53.3 Vs. 50.1 In Mar, Consensus 50.6Quick show2024-04-23 11:34:00Antipodean Currencies Rise Amid Risk Appetite, PMI DataQuick show2024-04-23 11:33:00Singapore Inflation Eases To 2.7%, Lowest In 30 MonthsQuick show2024-04-23 11:33:00*Germany Apr Flash Composite Output Index 50.5 Vs. 47.7 In Mar, Consensus 48.6Quick show2024-04-23 11:07:00*South Africa Feb Composite Leading Indicator 112.8 Vs. 110.9 In JanuaryQuick show2024-04-23 10:50:00UK Budget Deficit Exceeds EstimateQuick show
- 2024-04-23 10:37:00India Private Sector Growth Strongest Since June 2010Quick show2024-04-23 10:26:00Japan Private Sector Growth Accelerates In AprilQuick show2024-04-23 10:05:00*UK Mar Public Sector Net Borrowing GBP 11.02 Bln, Consensus GBP 8.9 BlnQuick show2024-04-23 09:50:00NZ Dollar Advances Against Most MajorsQuick show2024-04-23 09:47:00European Economic News Preview: Eurozone Flash PMI Data DueQuick show2024-04-23 09:31:00Australian Dollar Rises Against MajorsQuick show2024-04-23 09:22:00*NZ Dollar Edges Up To 0.5928 Against U.S. DollarQuick show2024-04-23 09:21:00*NZ Dollar Advances To Near 2-week High Of 91.75 Against YenQuick show2024-04-23 09:20:00*NZ Dollar Rises To 5-day High Of 1.7982 Against EuroQuick show2024-04-23 09:17:00*Australian Dollar Rises To 6-day High Of 1.0919 Against NZ DollarQuick show
- 2024-04-23 09:17:00*Australian Dollar Edges Up To 0.8853 Against Canadian DollarQuick show2024-04-23 09:16:00*Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. DollarQuick show2024-04-23 09:16:00*Australian Dollar Advances To 8-day High Of 100.03 Against YenQuick show2024-04-23 09:16:00*Australian Dollar Climbs To 1-week High Of 1.6489 Against EuroQuick show2024-04-23 09:06:00*India Apr Flash HSBC Manufacturing PMI Stable At 59.1Quick show2024-04-23 09:05:00*Singapore Mar CPI Falls 0.1% On MonthQuick show2024-04-23 09:04:00*Singapore Mar Core Inflation 3.1% Vs. 3.6% In FebruaryQuick show2024-04-23 09:03:00*Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%Quick show2024-04-23 09:01:00*India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In MarchQuick show2024-04-23 09:01:00*India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In MarchQuick show
- 2024-04-23 13:17:00*Euro Rises To Near 2-week High Of 1.0696 Against U.S. DollarQuick show2024-04-23 13:11:00Pound Rises Against MajorsQuick show2024-04-23 13:05:00*Pound Ticks Up To 0.8622 Against EuroQuick show2024-04-23 13:04:00*Pound Advances To 1.1286 Against Swiss FrancQuick show2024-04-23 13:04:00*Pound Edges Up To 1.2389 Against U.S. DollarQuick show2024-04-23 13:03:00Hong Kong Inflation Eases Slightly To 2.0%Quick show2024-04-23 13:03:00*Pound Rises To 4-day High Of 191.82 Against YenQuick show2024-04-23 12:51:00German Private Sector Returns To GrowthQuick show2024-04-23 12:38:00*UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0Quick show2024-04-23 12:37:00*UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0Quick show
- Technical analysis
Trading Signals for GOLD (XAU/USD) for February 12-15, 2025: sell below $2,880- 2,907 (21 SMA - correction)
If the bearish trend prevails in the next few hours, we expect gold to reach the bottom of the bullish trend channel around 2,857. This level could offer good support and from that point, we could expect a technical bounce to occur.Author: Dimitrios Zappas
15:46 2025-02-12 UTC+2
1078
Technical analysisTrading Signals for EUR/USD for February 12-15, 2025: sell below 1.0384 - 1.0410 (21 SMA - 5/8 Murray)
EUR/USD continues its recovery from the key support at 1.0300. However, the technical outlook remains bearish as it is located within the trend channel, so we expect the bearish cycle to resume in the coming hours.Author: Dimitrios Zappas
15:48 2025-02-12 UTC+2
1063
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15:35 2025-02-12 UTC+2
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Author: Samir Klishi
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The price test at 1.0367 in the first half of the day coincided with a moment when the MACD indicator had already moved significantly above the zero markAuthor: Jakub Novak
15:18 2025-02-12 UTC+2
943
EUR/JPY extends its strong weekly uptrend for the third consecutive dayAuthor: Irina Yanina
11:53 2025-02-12 UTC+2
928
- Bearish traders lack sufficient strength
Author: Samir Klishi
11:31 2025-02-12 UTC+2
913
Futures on U.S. stock indices are trading within a narrow range as traders eagerly await the release of key U.S. inflation dataAuthor: Jakub Novak
15:30 2025-02-12 UTC+2
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