Indicators will help you identify trends and reversal points, and it will give you a better insight into the balance of power between bulls and bears. For Me Indicators are more objective than chart patterns.

A good trader needs to know which indicator works in which market condition, you must understand what it measures and how it interacts with the price action. Most Traders divide indicators into

Trend Following Indicators– these include moving averages, MACD, MACD Histogram. These indicators are lagging indicators and turn after trends reverse.

Oscillators– help to identify turning points, they include stochastic, RSI and momentum. Oscillators, often turns ahead of prices.

An indicator is a result of mathematical calculation, based on prices and/or volume. The figures received are used for forecasting price changes. There is a vast number of elaborated technical indicators. Some of them are presented in MetaTrader 4

Basic Technical Indicator, Presented In MetaTrader :

Accelerator/Decelerator Oscillator — ACAccumulation/Distribution — A/DAlligatorAverage Directional Movement Index — ADXAverage True Range — ATRAwesome Oscillator — AOBollinger Bands — BBCommodity Channel Index — CCIDeMarker — DeMEnvelopesForce Index — FRCFractalsGator Oscillator — GatorIchimoku Kinko HyoMarket Facilitation Index — BW MFIMomentumMoney Flow Index — MFIMoving Average — MAMoving Average Convergence/Divergence — MACDParabolic SARRelative Strength Index — RSIRelative Vigor Index — RVIStochastic OscillatorWilliams’ Percent Range — %RMisc. Technical Indicator

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Sidus MethodFozzy DailyFX5_FiboSpiralScriptMadroGoldenFilterWaddah Attar TrendFX5_DivergenceBears Bulls PowerAdvanced ADXMACD with 2 LinesWaddah Attar Explosionang AZad(C)FX_Sniper's_Ergodic_CCI_Trigger

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