Technical indicators help you make more informed trading decisions. These technical indicators are calculated from basic market data such as price and volume, and give you signals when to buy and sell specific currency pairs.
There are many types of technical indicator, but they fall into three main categories:
Trend indicators show the current price direction and any changes in that direction
Oscillators predict changes in price direction before they occur
Psychological indicators show the market sentiment – such as bulls and bears
Keep in mind that technical indicators are indicators, not guarantees. Compare multiple indicators and make your own trading decisions.
MetaTrader 4 has a wide range of built-in technical indicators.
The Moving Average Convergence/Divergence (MACD) indicator is the difference between two price moving averages: The 26 period exponential moving average (EMA) The 12 period EMA The MACD is compared to a signal line, which is the 9 period simple moving average (SMA) of the
The Money Flow Index shows the rate at which money is flowing into or out of a market instrument. It is similar to the Relative Strength Index, except that the MFI also takes volume into account. The MFI is interpreted the
The Market Facilitation Index (BW MFI) is an indicator that shows the change in price for one tick. The actual value of the indicator has no meaning, but changes in the value are significant when combined with the market volume,
The Gator Oscillator is based on the Alligator. It shows the degree of convergence between the Alligator’s balance lines: The top bar chart in the Gator Oscillator is the absolute difference between the red and blue lines of the Alligator The
The strength of market trends is determined by price and volume: Prices rise in bull markets and fall in bear markets Rapid price changes and high volumes indicate a strong trend Slow price changes and low volumes indicate a weak
The DeMarker (DeM) indicator compares the maximum price values of the current and previous time intervals: When it’s above 70, rising prices are likely to start falling When it’s below 30, falling prices are likely to start rising DeMarker is