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CandleRange MT5

CandleRange MT5

CandleRange – is an indicator that is presented as two histograms placed in one window. The charts show the highest price deviation from the start value.

OscSAR Histogram MT5

OscSAR Histogram MT5

OscSAR Histogram HTF is an indicator that represents a colored chart (histogram). The main function of this tool is to reveal the difference between the closing price and the iSAR indicator, shown in points.

VWAP MT5

VWAP MT5

Indicator VWAP (Volume Weighted Average Price) calculates the VWAP line and allows traders to determine the starting point. This tool does not display the trend direction, but shows the trader’s interest in an asset. The VWAP indicator is suitable for working in stock markets where the exact opening and closing dates are known.

Derivative MT5

Derivative MT5

The Derivative indicator is depicted as a color chart (histogram) with an additional averaging. This tool helps to determine the price difference between the bars.

Four MA Strength MT5

Four MA Strength MT5

The indicator Four_MA_Strength gives the trader an opportunity to determine the existing trend and its strength, basing on four moving averages.

Let’s talk about Forex indicators. Technical analysis says that each indicator is a result of mathematical calculations that help read price data to create trading signals. Basically, indicators are widely used to predict future fluctuations in the market. All Forex indicators are strongly connected with statistical data that addresses the past and the current state of the market. This data can help predict new financial trends and price patterns.

 

In fundamental analysis, economic indicators are widely used to investigate the current state of the economy – and to determine all possible ways of getting profit.

 

In the economic context, indicators can be a sort of measurer that is used to predict future economic trends. The most common economic indicators are the unemployment rate, the building permits survey or the consumer price index (CPI).

 

What is an indicator and what role does it play in a trading environment?

 

First of all, we should give a definition of this term. The currency trading indicator is a trading instrument that represents the price’s behavior in the past and allows predicting some aspects of its future behavior. This definition may seem trivial, but it is worth remembering, as it describes the key function of this useful tool.

 

The most popular Forex indicators are:

  • Support and resistance levels.
  • Round numbers.
  • Pivot Points.
  • Trend.
  • Fibonacci levels.
  • Bollinger Bands.

 

Forex indicators are divided into the following groups:

Trend indicators.

Oscillators.

– Volume indicators.

 

Trend indicators (e.g. Moving average, Bollinger Bands, Parabolic SAR, CCI). Just what it sounds like – the main task of this tool is to show us the trend direction. In some cases, this instrument can demonstrate the phase of the trend. However, this indicator has some disadvantagesas soon as the correction begins, the signals we get from it are false. This is because they are lagging indicators.

 

The next group is oscillators (e.g. RSI, MACD, Stochastic Oscillator, Momentum). An oscillator is a technical analysis instrument that involves two extreme values and characterizes the state when the market is overbought or oversold. If you want to have a currency trading indicator that shows the price direction in advance – this tool may be very useful. Oscillators are very good in the correction phases. Reversals, market shifts, and volatility explosions are shown remarkably. But as soon as the trend begins, the oscillator shows false signals.

 

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