At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Forex Indicators

What Are Forex Indicators?

Forex indicators are the magical wands of the trading world, helping traders make sense of the chaotic market movements. These tools are based on mathematical calculations and are applied to price, volume, or open interest of a currency pair. They help traders identify potential trading opportunities by analyzing historical data and predicting future price movements. 🚀

Types of Forex Indicators

Forex indicators come in various flavors, each serving a unique purpose. Here are some of the most popular types:
  • Trend Indicators: These indicators help traders identify the direction of the market. Examples include Moving Averages, MACD, and Bollinger Bands.
  • Momentum Indicators: These measure the speed of price movements. Examples include RSI, Stochastic, and Momentum.
  • Volatility Indicators: These indicators measure the rate of price fluctuations. Examples include ATR and Bollinger Bands.
  • Volume Indicators: These indicators analyze the volume of trades to predict market movements. Examples include On-Balance Volume (OBV) and Money Flow Index (MFI).

Popular Forex Indicators

Let's dive into some specific examples of popular Forex indicators:
  • MACD: The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a currency pair's price.
  • RSI: The Relative Strength Index (RSI) measures the speed and change of price movements, helping traders identify overbought or oversold conditions.
  • Bollinger Bands: These are volatility bands placed above and below a moving average. They help traders identify overbought or oversold conditions.
  • Stochastic Oscillator: This momentum indicator compares a particular closing price of a currency pair to a range of its prices over a certain period.

Advanced Forex Indicators

For those who like to play with fire, here are some advanced indicators that can take your trading to the next level:
  • Trend Forecaster: This indicator identifies price clusters, analyzes price movement near levels, and provides signals when the price breaks through a level. It's suitable for all financial assets, including Forex, metals, stocks, indices, and cryptocurrencies.
  • Volume Strength 28: This indicator analyzes the trade volume of 28 currency pairs and defines the strength of a currency based on volume, helping traders spot trends at their earliest stages.
  • XQ Forex Indicator: This indicator combines three indicators to display medium and long-term trends, filtering out false signals and providing real-time alerts.

How to Use Forex Indicators

Using Forex indicators is like cooking a gourmet meal. You need the right ingredients and the right recipe. Here are some tips:
  • Combine Indicators: Use multiple indicators to confirm signals. For example, combine RSI with MACD to confirm a trend.
  • Adjust Settings: Customize the settings of your indicators to suit your trading style and the specific currency pair you are trading.
  • Backtest: Always backtest your indicators on historical data to see how they would have performed in the past.
  • Stay Updated: Keep your indicators updated and adjust them according to changing market conditions.

Conclusion

Forex indicators are essential tools for traders, helping them make informed decisions and navigate the turbulent waters of the Forex market. Whether you're a novice or a seasoned trader, these indicators can elevate your trading game and help you achieve consistent profitability. 🌟

Tired of switching time frames while hunting for the perfect trade signal? Well, meet the Alligator MoreTimeFrame, the indicator that promises to soothe your multi-timeframe woes. But before you throw your money at it, let’s see if it really delivers or is just another fishy ta ...

Release Date: 09/01/2020

Ah, the world of Forex trading - where dreams of riches dance tantalizingly out of reach! Today, we dig into the Ace Supply Demand Zone Indicator, designed for those who wish to conquer the market with non-repainting magic. Will you be drawn to its glowing promises? Or will it le ...

Release Date: 03/07/2019

Welcome to the wild world of forex trading, where indicators promise to be your guiding light but often lead you into the fog of uncertainty. Today, we’re diving into the Trend Support and Resistance Indicator—a tool that claims to simplify your trading life. With its automat ...

Release Date: 04/01/2020

Are you tired of sifting through trading indicators that promise the world but deliver squat? Welcome to the SFP pattern mql5! We’ll explore a trading strategy that might seem appealing but leaves traders wondering if the grass is truly greener. Spoiler alert: it’s a mixed ba ...

Release Date: 06/12/2019

Are you ready to dive deep into the world of Forex trading with the 'CMF whit ALERT LongProfitFX'? This article uncovers the intricate details of a system that claims to optimize your trading experience. But does it live up to the hype? With a rating teetering at 0 stars, we crit ...

Release Date: 24/11/2019

Welcome aboard the grand voyage of the Watermark Manager! If you thought the Forex trading world couldn't get more exciting, think again! This tool is here to add flair to your trading charts and give your brand that much-needed edge. Who knew that slapping a personalized waterma ...

Release Date: 14/11/2019

Are you ready to dive into the world of Compare Symbols Specifications? Buckle up, because we're about to dissect a tool that promises to make your trading life easier—unless, of course, it leaves you scratching your head in confusion. With an impressive rating of... oh wait, t ...

Release Date: 01/09/2019

Welcome to the curious world of Forex trading, where the 'Consolidation Finder' plays hide-and-seek with market trends! Can this humble indicator truly pinpoint the moments when the market is lounging lazily in its consolidation phase, or is it just a well-disguised wannabe? Let� ...

Release Date: 17/06/2015

Are you tired of flipping coins to decide your Forex trades? Ever wished for a tool that takes the guesswork out of trading? Enter 'Harmonic Papallons'—a nifty little indicator promising to revolutionize your market experience, or at least give you a few giggles while it tries. ...

Release Date: 08/07/2016

Welcome to the uniquely enthralling world of the Fibo Channels Ultimate: a trading indicator that promises an easier Fibonacci trading experience. Finally, a tool that saves you the drudgery of manual Fibonacci plotting—because who needs to think when you can click, right? But ...

Release Date: 16/10/2018

So here we are, diving into the world of the Macro indicator—a simple trading tool that's claimed to wield the mighty power of trend analysis through the mystical art of line intersections. A tiny price tag of $83 for what could either be your golden ticket to trading bliss or, ...

Release Date: 23/07/2019

Curious about the VWAP Indicator by PipTick MT4? This article pulls back the curtain on its functionalities and user experiences—both the good and the bad. With insights from Michal Jurnik and community feedback, we delve into whether this indicator is worth your time and inves ...

Release Date: 25/02/2015

Welcome to the not-so-ordinary world of Market Profile Volume Relative Accumulation MT5 – the indicator that claims it can do the unthinkable: actually help you understand volume in the chaotic mess that is forex trading. For a mere $35, you may find yourself questioning if you ...

Release Date: 07/06/2019

Welcome, dear currency traders! Are you ready to gamble your hard-earned cash on the KT Currency Strength and Correlation indicator? Spoiler alert: it claims to elevate your Forex game, but does it? Join me as we peel back the layers of this tool designed to sell you the dream of ...

Release Date: 25/05/2019

In the grand circus of Forex trading, the 'Volume by Price' system is like that overconfident magician who claims to see market trends before they even happen. Spoiler alert: it’s not quite as magical as it sounds. While it attempts to marry volume data with price levels, its p ...

Release Date: 25/05/2024

Are you ready to delve into the world of the Nasdaq100 Power Indicator? This groundbreaking tool promises to revolutionize your trading strategy, but can it actually deliver on its bold claims? Join us on a critical journey as we break down its features, hear from actual users, a ...

Release Date: 13/11/2020

Scalping can be the fastest route to profits in Forex, or a pit of despair — often, you find yourself eagerly clicking those buy and sell buttons more than a toddler at a candy store. With Scalping Monster Ultra Shock, it's like having your cake and eating it too! Is it a mirac ...

Release Date: 26/05/2019

In a world overflowing with trading systems that promise the moon but often deliver mildewed steaks, welcome to the 'Rejection Block Trader'—a fresh face on the block that's here to help you navigate the tumultuous waters of GOLD trading. Is it a gem in the rough or just anothe ...

Release Date: 25/04/2024

Have you ever wondered if the Pro Currency Strength Meter is a magical crystal ball for Forex traders? Well, think again! It’s simply a smart tool packed with so much data that you’d need a PhD to unpack it all. Join us as we unravel its secrets, functionalities, and whether ...

Release Date: 23/07/2020

What can be more subjective than determining support and resistance levels in Forex? We’ve got the KT Support and Resistance Levels indicator trying to put an end to our indecision. The developers claim that their algorithmic magic plots these levels automatically, making your ...

Release Date: 02/05/2019

Are you considering venturing with BinaryPRO, but unsure if it's the right fit for your trading arsenal? Discover this comprehensive review that exposes the ins and outs of this trading system. We dissect its reliability, assess user feedback, and even pit it against other popula ...

Release Date: 18/03/2019

Ah, the glitzy world of Forex trading! Ever thought you could predict the market's next move by simply analyzing a single candle? Enter the realm of the Pinbar Pattern Scanner, where dreams of precise trading get entwined with reality, and yes, a dollop of skepticism. With claims ...

Release Date: 25/01/2019

Welcome to the rollercoaster ride that is the Insight Flow MT5! 🚀 With its sparkling promises of high trading success and non-repainting signals, who wouldn’t want to jump on this train? But before you toss your money into the swirling vortex of Forex trading, let’s dive i ...

Release Date: 26/07/2024

So, you've heard about this dazzling indicator called ZigZag on Trend? Well, fasten your seatbelt because it's time for some real talk! Can this ZigZag swagger really lead you to Forex fortune, or is it just a flash in the pan? With its price tag of $259, it's crucial to know if ...

Release Date: 03/01/2019

In the bustling marketplace of Forex trading, where candlesticks wave like flags in a storm, the Heiken Ashi MA Signals indicator boldly declares, 'I can smooth all this noise out!' But does it really? Buckle up, as we explore how this little gem, crafted by Larisa Medvedeva, see ...

Release Date: 20/04/2016

Laser Sight Pro MT4 is marketed as a precision trading tool, yet does it live up to its hype? With claims of optimizing stop hunting, we must critically assess if this is another overhyped tool or a potential hidden gem in Forex trading. Let's take a deeper look—after all, the ...

Release Date: 16/11/2022

In a market flooded with indicators, the Over BS RSI Zone Alarm tries to stand out with its catchy name. Now, before you get too excited, let's dive into the reality of what this tool offers. While it promises to alert you when the RSI hits those magical numbers of 30 and 70, doe ...

Release Date: 27/09/2018

The Cunning Crocodile indicator promises to be the fairy godmother of Forex trading. But does it really ensure 'happily ever after' in your trading journey? Let's wade through its murky waters and find out if this reptilian companion can actually help you snag profits or if it's ...

Release Date: 01/10/2018

What is this wizardry called Chart Pen PRO? Is it magic, or just a flashy tool for traders? While it offers an innovative drawing experience unlike anything we've seen, we dig deeper into its effectiveness for trading. With a price tag of just $30, it might just be the brush you ...

Release Date: 05/05/2019

Eng Gold

Easy Rating: 1/1

MQL Rating: 0/0

Have you ever heard of Eng Gold, a trading system that claims to be the next big thing but currently sits at a rating of 0? Sounds like the underdog of the Forex world! With its colorful lines and promises of pinpoint accuracy, it's time to dive into whether this glittering syste ...

Release Date: 26/04/2024

When it comes to trading on Forex, the VolumeProfile indicator promises to be your guide through the murky waters of price levels. With a title that sounds like a mix of a tech gadget and an elite corporate strategy, one might wonder if this is just a repackaged (and overpriced) ...

Release Date: 08/02/2019

So you think you've found the holy grail of Forex trading with the Basic Support and Resistance MT5 indicator? Sure, maybe it can help you understand where to place your trades, but can it make you coffee in the morning? Probably not! Join me as we dissect this indicator, sprinkl ...

Release Date: 26/05/2024

The Forex trading world is replete with promises of unbeatable systems and strategies, yet here enters the Top Bottom Tracker MT5—a beacon of hope or just another mirage? With a rating that leaves much to be desired, and a glaring absence of user reviews, we're embarking on an ...

Release Date: 26/02/2024

Ready to dive into the world of trading indicators with the Top Bottom Tracker MT4? Be prepared for a ride filled with sophisticated algorithms, some questionable reviews, and a price that might just rise faster than the actual currency pairs you're trading. Spoiler alert: with i ...

Release Date: 26/02/2024

Curious about the DiNapoli Fibo Overbalance Multi Tool? Ready to dive into the world of trading analysis and find out what traders REALLY think about it? You might be surprised! Join me as we dissect its features, evaluate its credibility, and see if it's truly worth the hype or ...

Release Date: 18/05/2018

Delve into the world of the 'CCI Alerts with Arrows' trading system, an intriguing yet controversial product designed to bring precision to traders' decision-making. With its modified CCI indicator promising alerts and actionable signals, one must ponder—does it truly deliver o ...

Release Date: 21/08/2018

Float

Easy Rating: 0/0

MQL Rating: 0/0

Are you ready to dive into Float? This seemingly sophisticated trading indicator promises many features, but don't let its shiny appearance fool you. While it claims to analyze trends like a seasoned detective, your hope could easily turn into despair once you realize it keeps ch ...

Release Date: 27/06/2024

Welcome to the intriguing world of Order Blocks TV, where we explore the price action mystery at the heart of Forex trading! With an order block indicator that promises precision, who wouldn't want to dive deep? However, let's be honest: can this tool really level up your trading ...

Release Date: 27/06/2024

So you're looking into the ZigZag Dashboard for MT4, huh? Let’s see if it’s the holy grail of trading indicators or just another flashy digital paperweight. Be prepared for a journey into the heart of ZigZag madness—where every trader hopes to find either fame or folly! Str ...

Release Date: 23/10/2018

If you think relying on yet another technical indicator will solve your trading woes, then strap in! Exclusive Bollinger claims to take the classic Bollinger Bands and add a sprinkle of magic. But does it really? With a rating of 4.2, it's not exactly rocking the charts either. L ...

Release Date: 26/07/2017

Ah, the 'Channel Notifier MT4.' The tool that vows to sound off like a foghorn every time the market does the cha-cha beyond its designated channels! But will it really keep you in the loop, or is it just another shiny toy in the vast ocean of Forex trading? Join us as we peel ba ...

Release Date: 05/05/2017

In the bustling world of Forex trading, indicators come and go, but can MACDivergence MTF MT5 truly stand the test of time? This article delves into the depths of this indicator's capabilities, technical intricacies, and whether it can genuinely bolster your trading strategy or j ...

Release Date: 25/12/2015

Ah, the Forex market! Where fortunes are made and lost in the blink of an eye—literally! Enter the Target Finder, a new indicator that promises to pinpoint market levels with the accuracy of a Swiss watch, or so they claim. Curious how this tool stacks up against the best while ...

Release Date: 27/02/2024

WaveTrend Pro: Who needs another trading indicator? With claims of market mastery and precise trend identification, it seems the Forex Gods are invoking their latest invention. Here’s our attempt to decipher what might just be a glorified crystal ball for traders! 🌊 Intro ...

Release Date: 27/01/2024

In the world of forex trading, if there's one thing we love more than profits, it's flashy indicators promising to reveal market secrets. Enter the 'Modified VIX Fix'—the knight in tarnished armor claiming to detect market bottoms for any asset! But wait, can it deliver or is i ...

Release Date: 25/10/2016

Ever wondered if you could trade like a wizard with a magic toolkit? Well, the Dinapoli Package MT5 promises just that! But before you jump in with both feet, let’s dissect this package like a mad scientist in search of the holy grail of trading. Can the ingenious combination o ...

Release Date: 19/09/2020

Curious about making your Forex trading dreams a reality? Welcome to the Point61 Indicator - the new shiny toy you've heard whispers about in trading forums! While Evgeniy Machok cranks up a fever pitch with a glowing rating, we can’t help but wonder: is Point61 the holy grail ...

Release Date: 15/04/2020

Is 'Trend modified' your golden ticket to Forex riches or just another sad story waiting to be told? In this guide, we’ll dive into the nitty-gritty of this indicator, exploring its quirky features and questionable reliability as birthed by Ruslan Pishun. Get ready, because it� ...

Release Date: 11/11/2015

If you think trading in Forex is just a walk in the park, the Multitimeframe Parabolic SAR will surely make you reconsider! This curious little indicator, crafted by the genius (or should I say, the mad scientist?) Daniel Stosch, claims to simplify the mind-boggling complexity of ...

Release Date: 24/07/2015

In a world where indicators often claim to magically predict market moves, the Multi Level ATR and Moving Average Band Indicator stands as a powerful yet potentially unreliable force. We delve into its highs and lows, armed with sarcasm and insights. While it promises clarity and ...

Release Date: 29/08/2024

Ah, the world of Forex trading, where the only thing more elusive than a consistent profit is your favorite coffee mug. But fear not! With the 'Resistance and Support Zones MTF for MT5', we're diving into the mystical realm of price behavior. This isn't just any average indicator ...

Release Date: 02/12/2019

Welcome to the wild world of Volume Strength 28, where we take a peek behind the curtain of typical market indicators and discover the magic of volume analysis! It's the Robin Hood of Forex strategies, robbing insights from price and giving it back to volume. How’s that for a t ...

Release Date: 02/08/2018

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

Enter a world where recognizing chart patterns becomes as easy as tapping a button. Yes, with the Flag Patterns Scanner MT5, you too can join the ranks of sophisticated traders—or simply add another tool to the already overflowing toolbox. With it, flag patterns that once requi ...

Release Date: 29/02/2024

Welcome to the thrilling review of Trend Stop MT5, where we explore whether this trading system is a hidden treasure or just another empty promise in the Forex market. Let's unveil the mysteries hidden behind its flashy description while keeping our skepticism intact. This system ...

Release Date: 30/07/2024

If you expect to find the magic wand to ensure ceaseless profits in trading, the Exceptional Iskander Indicator may feel like just another tool in an endless toolbox. However, it provides much to marvel at in the world of technical analysis. With a steep price tag of $100 and an ...

Release Date: 30/06/2024

Is Just Waves MT5 the holy grail of Forex trading tools or merely a pretty wave? Join us as we surf the highs and lows of this trading strategy, dissect its functionalities, and ponder whether this price-analysis wizard can truly help you catch that elusive winning wave. Let’s ...

Release Date: 25/02/2015

If you're ready to take a gamble with SOMFX1Predictor, congratulations! You've found a trading 'tool' that promises sophisticated neural network capabilities while sounding dangerously similar to a cryptic bestseller. Can artificial intelligence really make price prediction as ea ...

Release Date: 04/07/2014

Curious about the effectiveness of the 'DI Support Resistance' indicator? This critical exploration unveils everything traders need to know—from the underlying principles of support and resistance to user evaluations. We will dissect user feedback, compare it to trusted systems ...

Release Date: 03/07/2014

BACD Cloud

Easy Rating: 0/0

MQL Rating: 4.57/10

Trading Forex is a lot like trying to catch smoke with your bare hands—just when you think you've got a grip, it slips away! But fear not, the BACD Cloud is here to lend a hand, or a cloud, if you will. With a fancy name and a bunch of oscillators, this trading system promises ...

Release Date: 17/11/2019