At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase
-
- Trading Robots
- Trading Strategies
- Technical Indicator
Technical Indicator
What is a Technical Indicator?
A technical indicator is a mathematical calculation based on historical price, volume, or open interest information that aims to forecast future market behavior. Traders use these indicators to identify potential trading opportunities and make informed decisions. Technical indicators can be broadly categorized into trend indicators, momentum indicators, volatility indicators, and volume indicators.Types of Technical Indicators
- Trend Indicators: These indicators help identify the direction of the market trend. Examples include Moving Averages, Ichimoku Cloud, and SuperTrend.
- Momentum Indicators: These indicators measure the speed of price movements to identify overbought or oversold conditions. Examples include the Relative Strength Index (RSI) and the Stochastic Oscillator.
- Volatility Indicators: These indicators measure the rate of price changes to gauge market volatility. Examples include Bollinger Bands and Average True Range (ATR).
- Volume Indicators: These indicators analyze the volume of trades to understand the strength of a price movement. Examples include the Volume Weighted Average Price (VWAP) and On-Balance Volume (OBV).
Popular Technical Indicators
- Relative Equilibrium Index (REi): This indicator shows the direction and strength of a trend and indicates the probability of its change. It uses a simple parameter setting and provides signals such as overbought/oversold conditions and trend changes.
- SuperTrend: Based on the Average True Range (ATR), this indicator helps identify trend direction and potential reversals. It is widely used for setting stop-loss levels and determining exit points.
- Ichimoku Cloud: This comprehensive indicator provides information on support and resistance levels, trend direction, and momentum. It includes components like Tenkensen, Kijunsen, Span A, Span B, and Chikou Span.
- ZigZag Fibo Retracement: This indicator combines ZigZag patterns with Fibonacci ratios to identify potential support and resistance levels, aiding in predicting future price movements.
- RSI Divergence Indicator: This indicator identifies divergences between price movements and the RSI, signaling potential trend reversals. It is often used in conjunction with other technical tools for higher accuracy.
How to Use Technical Indicators
- Identify Trends: Use trend indicators like Moving Averages or Ichimoku Cloud to determine the market direction and align your trades accordingly.
- Spot Reversals: Momentum indicators like RSI and Stochastic Oscillator can help identify overbought or oversold conditions, signaling potential reversals.
- Measure Volatility: Volatility indicators like Bollinger Bands and ATR provide insights into market volatility, helping you adjust your trading strategy.
- Analyze Volume: Volume indicators like VWAP and OBV can confirm the strength of a price movement, ensuring you trade with the market's momentum.
Advantages and Limitations
- Advantages:
- Provide objective, data-driven insights.
- Help identify potential entry and exit points.
- Assist in managing risk through stop-loss levels.
- Limitations:
- May generate false signals in choppy markets.
- Require proper understanding and interpretation.
- Should be used in conjunction with other analysis methods.
Examples of Technical Indicators in Action
- Relative Equilibrium Index (REi): Used to assess whether buyers or sellers had a stronger influence on the price over a set period. It provides signals like overbought/oversold conditions and trend changes.
- SuperTrend: Helps determine trend direction and potential reversals by using ATR. It is useful for setting stop-loss levels and determining exit points.
- Ichimoku Cloud: Offers a comprehensive view of support and resistance levels, trend direction, and momentum. It includes components like Tenkensen, Kijunsen, Span A, Span B, and Chikou Span.
- ZigZag Fibo Retracement: Combines ZigZag patterns with Fibonacci ratios to identify potential support and resistance levels, aiding in predicting future price movements.
- RSI Divergence Indicator: Identifies divergences between price movements and the RSI, signaling potential trend reversals. It is often used in conjunction with other technical tools for higher accuracy.
Conclusion
Technical indicators are essential tools for traders, providing valuable insights into market trends, momentum, volatility, and volume. By understanding and effectively using these indicators, traders can make informed decisions, manage risk, and enhance their trading strategies. Remember, no single indicator is foolproof, so it's crucial to use a combination of indicators and other analysis methods to achieve the best results. Happy trading! 📈🚀
Ever wondered if you could have a mystical crystal ball to predict Forex movements? Spoiler alert: you can't. But the ROC Multiframe indicator comes pretty close! This tool purports to unveil the secrets of price changes across various timeframes. Will it revolutionize your tradi ...
Release Date: 23/05/2017
Welcome to the perplexing world of Forex, where indicators are as common as coffee breaks! Today, we'll dissect the Two Period RSI Alerts MT5 indicator—a thrilling yet slightly confusing tool that promises to help traders navigate trends. But can we trust the developers' claims ...
Release Date: 26/04/2017
So you found yourself curious about the VolumeDeltaFootprint indicator? Well, not all that glitters is gold, and it seems that in the realm of Forex trading, we’ve got a mixed bag here! On one hand, this tool provides some neat visualizations of volume data, but much like a caf ...
Release Date: 17/02/2017
Have you ever thought about how an indicator can scream louder than a market crash? Enter RSI Alerts MT5, the diva of the trading world! This indicator claims to bring you alerts at lightning speed, but does it? In a market where timely information is money, does it deliver or ju ...
Release Date: 19/12/2016
In the tangled web of trading indicators, the Ti Indicator dares to stand out with a promise of trend enlightenment. But does it really possess the golden touch, or is it merely another glimmering mirage in the desert of Forex? With mixed user reviews and a solid $80 price tag, l ...
Release Date: 22/12/2016
In the world of trading indicators, the IceFX VelocityMeter Mini for MT5 claims to measure the market's pulse like never before. But does it live up to the hype? Is this your next secret weapon or just another overhyped tool? Join us as we dissect its features, analyze real user ...
Release Date: 11/02/2016
In a market flooded with indicators claiming to revolutionize trading, here comes MultiTF Candles, proudly displaying its higher-timeframe data like a peacock flaunting feathers. But does it strut its stuff or just fluff? While the developer touts its simplicity in visualizing tr ...
Release Date: 19/01/2016
Welcome to the circus of trading indicators, where the WaveTrend Momentum Oscillator has just stolen the show! This delightful tool claims to be the superhero we've been waiting for in the turbulent world of Forex trading. With promises of faster and more accurate entry points, i ...
Release Date: 20/10/2016
Ah, the Multi TimeFrame Currency Meter, designed to calculate currency strength using a lavish basket of 28 pairs! What a time to be alive where we can visualize the chaos of forex trading in a single chart. But does this miracle worker truly deliver, or is it merely a colorful d ...
Release Date: 22/11/2016
Welcome to your guide on the 'Fractals Support Resistance MT4'! Let’s face it: if you’ve been trading on the Forex market, you know that the path to success is often littered with confusing indicators and ambiguous signals. Thankfully, this indicator claims to cut through the ...
Release Date: 14/01/2015
So, you're thinking about diving into the world of Forex trading with the Volume SuperTrend AI, huh? Well, grab your life jacket because the waters might just be deeper than you think! This isn't just another gimmicky indicator; oh no, it combines the classic SuperTrend with a sp ...
Release Date: 29/02/2024
In the world of Forex trading, one can expect a plethora of indicators claiming to unlock the secrets of the market, yet here we are to discuss the Liquidity Levels and Break Points MT5. Is it really another tool in a trader's arsenal, or just a shiny distraction? With Anton Ural ...
Release Date: 29/01/2024
Well, here it is—the PZ Supply Demand MT5, the indicator that promises to take your trading to greater heights. But will it transform you into a forex guru or just leave you stranded in a sea of confusion? Join us as we slice through marketing platitudes and unveil what this in ...
Release Date: 24/06/2014
Is FreqoMaster the missing link in your Forex strategy or just another overpriced indicator? Join us as we untangle the complexities of this Fourier Transform-based tool. Understand its functionalities, cross-examine its effectiveness, and unveil the truths hiding beneath user re ...
Release Date: 10/06/2014
Are you tired of flipping through time frames like a DJ changes tracks? Well, let me introduce you to the MACD Multi Time Frame FREE indicator! This miraculous tool claims to save you from the incessant timeline boundary dilemmas, allowing you to spot those elusive divergences ac ...
Release Date: 06/04/2018
Ah, the Forex market, where everyone is searching for the next Holy Grail in trading! Enter the 'Double Top Bottom Scanner with RSI Filter.' Is it a pot of gold at the end of the rainbow, or just another mirage in the desert? Let's peel back the layers and see if this indicator c ...
Release Date: 29/03/2018
As we dip our toes into the vast ocean of Forex trading tools, the X Tick Chart emerges as a particularly intriguing specimen. This isn't just another trading indicator; it's a concoction of tick and volume charting that claims to reveal the sordid secrets of market transactions. ...
Release Date: 20/07/2017
Introducing the Awesome ATR Indicator—a tool that claims to shine a light on your trading path, but does it really? We will unravel the mystery of its features, how it works, and whether it’s worth even the mere mention of your trading arsenal. So, grab your magnifying glass ...
Release Date: 31/05/2024
The MACD Double indicator positions itself as a beacon of hope for traders seeking signals with an ounce of clarity amid the chaos. Guided by a methodology combining two timeframes, it presents the illusion of reliability. However, is this just another product with high expectati ...
Release Date: 14/08/2020
Ever wondered if a simple MACD could change your trading game? Enter the Di Napoli MACD MT5, a tool that claims to predict trends with laser-like accuracy. Will it make your strategy booming or just another mediocre setup among the masses? Let's peel back the layers and see what' ...
Release Date: 19/09/2020
Ah, the mythical creature known as the Reversal Bars! One moment it’s a calm sea of price action, the next moment - BAM! You could be entering the trade of a lifetime, all thanks to this little indicator. Or, maybe not? Let's embark on a journey through candlestick land, armed ...
Release Date: 10/12/2013
Welcome to the rollercoaster of Forex trading, where every twist and turn can tell a tale of profit or panic! Today, we're unmasking the not-so-mysterious MACD Classic Smoothed – your ticket to the smoothest ride in the turbulent market. But can it really deliver, or is it just ...
Release Date: 31/01/2024
So, Ticks RSI, huh? An indicator designed to paint that wonderful RSI rainbow on your tick charts. Yet here we are, still swimming in a sea of unanswered questions. With a rating of 0 and barely a handful of reviews, it feels a bit like participating in a race against invisible o ...
Release Date: 22/02/2013
When you think of the Forex market, think of a jungle filled with wild currency beasts fighting for dominance. Enter the MQLTA Currency Strength Lines (CSL): a tool that aims to tame this chaos by showing you the strongest and weakest currencies with a few colorful lines. But doe ...
Release Date: 24/04/2017
In the vast ocean of trading indicators, the Two Period RSI seeks to shine like a beacon guiding traders through turbulent waters. However, is this indicator merely a pretty face with a colorful fill, or does it have the grit to back up its claims? Let's dive deep into its workin ...
Release Date: 05/10/2016
The Sniper MACD indicator, eh? Another modification of the classic MACD that promises to be 'optimized' and 'enhanced.' It sounds like the holy grail of trading efficiency, wrapped in a shiny package of additional filtering and smoothing – but does it live up to the hype? Let's ...
Release Date: 13/11/2018
Are you ready to dive into the moving averages, or do you prefer to stay on dry land? The Moving Average Crossover Bars ago Dashboard is debuting in this theatrical trading performance with user ratings that suggest a neat act, albeit needing a few more rehearsal sessions. Don't ...
Release Date: 08/07/2016
Is the Color Bollinger Bands the next big thing for traders or just another overhyped indicator? This article digs deep into its real value, examining user reviews, potential pitfalls, and how it stacks up against other popular trading systems. Join us for this critical explorati ...
Release Date: 06/02/2012
US30 Revolt: The latest buzzword on trader's lips, but is it really worth the hype? This trading system promises to be your knight in shining armor with its non-repainting indicators. How effective can an indicator claiming to provide real-time signals be? Let's dive into the mec ...
Release Date: 01/08/2023
Ah, the VWAP With Alerts MT4 indicator, another shiny object to distract traders from the riveting world of candlestick patterns! This ‘simple’ VWAP tool comes with alerts, which is fantastic for those who enjoy notifications more than actual market analysis. Let’s see if t ...
Release Date: 02/12/2023
Welcome to the dramatic (can we say *potent*) world of trading indicators, where the only thing more unpredictable than your next trade is your coffee machine's will to obey! Here we shine a spotlight on the 'Commodity Channel Index Corrected' and its alleged superiority over the ...
Release Date: 02/02/2023
So, you’ve decided to explore the mystical land of WH ChartSync Pro MT5? Let’s embark on this humor-laced journey! Is this tool truly a knight in shining armor for your multi-chart plight, or just another mirage in the shimmering desert of Forex trading tools? Buckle up as we ...
Release Date: 03/09/2023
If you're intrigued by the intricate world of the LVL Bollinger Bands, hold on tight! In this review, we’ll take a playful yet critical look at this trading system that promises to take you on a volatility roller coaster without charging you a dime. Let’s see if this free rid ...
Release Date: 05/12/2023
Ah, the Forex market—a mystical realm where fortunes are made and lost in the blink of an eye! One might think entering this world is like donning a magician's cloak and waving a wand, but alas, my dear trader, it's more about numbers and formulas than fairy dust. Enter the She ...
Release Date: 31/01/2018
Ah, the KDJ Index 4 - your personal financial weatherman promising to predict sunny gains or rainy losses. But let’s be real. Will it help you navigate the treacherous waters of Forex trading, or should you just toss it overboard? Let’s dive into its mechanics, user feedback, ...
Release Date: 12/11/2020
Let’s face it, the Forex world is a roller coaster of emotions, and trading can feel like a game of poker played by blindfolded players! In comes the LT Triple EMA Indicator, promising to lead the lost souls through the chaotic sea of currency fluctuations. Can an indicator rea ...
Release Date: 06/03/2023
So, you've wandered into the realm of Tillson TMA T3? Buckle up, because what promises to be a treasure trove of trading success can quickly turn into a head-scratching affair. Let's take a closer look at this shifty character—TMA T3—an indicator that claims to wield the powe ...
Release Date: 06/02/2023
CyberZingFx RSI: another promising Forex trading tool or just another pretty face in the world of indicators? Let’s dive into the details and slyly critique the 'powerful' claims made by its developer. Spoiler alert: it might not be as straightforward as it seems! Introducti ...
Release Date: 16/08/2019
Are you ready to explore the depths of 'Bollinger Bands Advanced Edition For 5'? This article pulls back the curtain on the strategy, exposing its strengths, weaknesses, and everything in between. If you're on the hunt for potentially game-changing trading methods, this read prom ...
Release Date: 17/10/2020
Welcome to the wild ride of Forex trading where legends are born and egos perish faster than a poorly executed trade! Today, we're talking about the Pivot SR indicator, a tool that's touted as a must-have in your trading arsenal. If you're curious whether it lives up to the hype ...
Release Date: 08/03/2023
The SC MTF Williams Percent Range for MT4 with alert is being touted as the next holy grail of Forex trading. But is it really worth the hype, or just another shiny tool that promises riches? Let’s dig into the details and separate fact from fiction with a hefty dose of sarcasm ...
Release Date: 30/09/2018
So here we are, folks, diving into the world of the 'Ultimate Retest' indicator, which promises to be the holy grail of Forex trading for support and resistance. The hype is palpable, and the author seems to paint an irresistible picture. But do we really want to believe that our ...
Release Date: 10/08/2023
Ah, the Auto Anchored VWAPs MT4 – yet another shiny new indicator promising to unveil the mysteries of market turning points! Developed by Francisco Gomes Da Silva, this tool is touted as a game-changer for traders snuggled in the wizardry of VWAP strategies. But is it really t ...
Release Date: 10/08/2023
Is the Engulfing Candle Indicator your next best friend, or just another fleeting fad? Let’s dive into a world where we analyze bullish and bearish engulfing patterns with a healthy dose of skepticism. After all, traders have been known to fall for shiny indicators, only to fin ...
Release Date: 10/06/2023
Welcome to the wild world of the Auto Fibo Retracement MT4! Whether you're hoping for a magical tool or bracing for disappointment, it surely doesn't get dull here. From crafting perfect Fibonacci levels to the skepticism lingering in user reviews, why not dive into the metaphori ...
Release Date: 10/03/2023
Welcome to the wild and wacky world of trading tools with our review of AnalyzerTool! Are you tired of manual analysis that feels like deciphering ancient hieroglyphs? This tool promises to change that, but can it really deliver? Join us as we dive into the good, the bad, and the ...
Release Date: 11/04/2023
Ah, the Trend Line Channel, that magical indicator that promises to do the heavy lifting of price analysis while you kick back and sip coffee! But does it live up to the hype? Designed by the illustrious David Muriithi, this tool claims to ease the painstaking task of drawing tre ...
Release Date: 18/06/2020
So you want to know about the 'Pivot Point Detector'? Buckle up, because it's about to get share-worthy. This indicator breezes in with the promise of precision but makes you wonder if it's all smoke and mirrors. With its fancy claims about clarifying market movements, one might ...
Release Date: 15/06/2023
If you ever wanted to dabble in Forex trading without paying a cent, the Forecast System Gift might just be your golden ticket—complete with confetti and sales pitches that almost sound too good to be true. Designed by the illustrious Peter Maggen, this free version of the syst ...
Release Date: 16/12/2023
Oh, so you thought trading was easy? Well, grab your magnifying glass, because we're diving deep into the mysterious world of the Trading Box Rectangle Extender! This magical tool claims to extend rectangles and trendlines right into the future. Sounds fancy, but let’s see if i ...
Release Date: 21/05/2020
The Volume Profile V6: where magic meets metrics! This innovative indicator promises to make you a fortune by visually mapping the chaotic world of trading volume. But does it really deliver? Strap in as we dissect it piece by piece, with enough skepticism to keep you grounded. I ...
Release Date: 28/08/2019
Buckle up, traders! We're diving into the Double Top Tracker, an indicator that promises to spot reversals like your favorite ‘spotted’ dress. But is it too good to be true? I’ve sifted through user reviews that celebrate its potential while also pointing out areas where it ...
Release Date: 14/12/2017
Ah, the Bollinger Bands Filled, a.k.a. mumbling clouds of color on your indie trading album! Designed to be minimalist to the point that you may wonder if it forgot to finish the artwork. But fear not; it's not what it looks like on the outside that counts, right? Let's dive into ...
Release Date: 16/05/2023
Are you tired of trading systems that seem like rocket science? Meet the Super Trend eu, the trend-following indicator that promises to simplify your trading experience—myth or reality? Let’s dive into this so-called revolutionary tool, dissect its strategies, and see if it� ...
Release Date: 18/02/2023
Are you ready to challenge your perspective on Forex trading tools? The Support and Resistance Levels Finder MT5 promises to revolutionize how you approach technical analysis. Created by the astute Issam Kassas, this indicator claims to offer unparalleled precision in identifying ...
Release Date: 03/03/2022
Are you ready to challenge your trading prowess? Join us as we dissect Pivot Trading 4, a system that's been making waves in the trading world. With a perfect rating and its unique blend of technique and strategy, this article promises to unveil the complexities of this intriguin ...
Release Date: 12/11/2020
Are you ready to ride the waves of forex trading with the WH Price Wave Pattern MT5? This indicator offers a plethora of features, but does it deliver on its promises? Dive into our in-depth exploration as we dissect everything from user feedback to its effectiveness compared to ...
Release Date: 19/03/2023
Ah, Market Structures MT5 – sounds snazzy, doesn’t it? Just the name evokes images of traders clad in tech gear, analyzing their screens with the fervor of a child on a sugar rush. This indicator promises to show you break points in market structures, hinting at those elusive ...
Release Date: 20/09/2023
Are you tired of trading strategies that feel like trying to read hieroglyphics? Welcome to Jpivot, the indicator designed to help you see the market in a way that even ancient scribes would envy! With its unique pivot detection methods, you might just find the missing piece to y ...
Release Date: 18/03/2021
If you're searching for a game-changer in your trading toolkit, you might think you've struck gold with the RSI Scanner Sheet Pro. But before you throw your hard-earned cash at it, let's sift through its merits and check if it’s just another glowing sales pitch. Spoiler alert: ...
Release Date: 21/07/2023