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This comprehensive guide explores various technical indicators used in Forex trading. Each indicator is uniquely tailored to assist traders in navigating the complex Forex market. From fractals that signal trend continuations to the Volume Oscillator for market sentiment, and the simplicity of the MACD for momentum insights, these tools cater to a range of trading strategies. 

While each has its strengths, they often require pairing with other indicators to enhance reliability and reduce false signals, illustrating the dynamic and multifaceted nature of Forex trading analysis.

The article covers the following subjects:


List of Indicators

Now let’s figure out which indicators are most popular and effective in Forex trading.

Fractal Indicators

Fractal trading in Forex uses fractal indicators to identify potential pivot points, build support and resistance levels, and guide entry and exit strategies. Fractals, patterns of five candlesticks, signal trend continuations or reversals. They are beneficial for spotting market trends but can emit many false signals. It's best to use fractals as auxiliary tools, combining them with other indicators like RSI or CCI for more reliable signals. 

More about: Fractal Indicators definition, calculation, settings and strategies

Forex Volume Indicator

Forex volume indicators are crucial for gauging market sentiment and momentum. They include Volume Oscillator, On-Balance Volume (OBV), and Volume Rate of Change (VROC). These tools help in identifying trend strength, potential reversals, and market enthusiasm. Volume Oscillator measures the difference between two moving averages of volume. OBV combines volume and price trends, while VROC evaluates the rate of volume change. However, they require other indicators for comprehensive analysis due to inherent limitations like lagging signals.

More about: Forex Volume Indicator definition, calculation, settings and strategies

MACD Indicator

The MACD (Moving Average Convergence Divergence) is a widely-used technical indicator in Forex trading, providing insights into market momentum and trend direction. It consists of the MACD line (difference between two EMAs), the signal line, and the histogram, which represents the divergence between the MACD and signal lines. Effective for identifying potential buy/sell signals, the MACD is best utilized in trending markets and may produce false signals in ranging conditions. It's favored for its simplicity and adaptability but should be used with other tools for comprehensive analysis. 

More about: MACD Indicator definition, calculation, settings and strategies 

RSI Indicator

The Relative Strength Index (RSI) is a momentum indicator used in technical analysis to identify overbought or oversold conditions in the market. Developed by J. Welles Wilder in , it ranges from 0 to , signaling overbought conditions above 70 and oversold conditions below While the RSI is effective in trend identification and confirming potential price reversals, it can give lagging signals and may repaint, requiring use with other indicators for more accurate analysis. It's adaptable, but traders should be cautious of false signals, especially in choppy markets.

More about: RSI Indicator definition, calculation, settings and strategies

Bollinger Bands

Bollinger Bands, a technical analysis tool created by John Bollinger in the s, use a moving average and two standard deviation-based bands to measure market volatility. They help identify overbought or oversold conditions, potential breakout points, and trend reversals. While versatile across various markets and timeframes, Bollinger Bands can give false signals during strong trends and require additional indicators for confirmation.

More about: Bollinger Bands definition, calculation, settings and strategies

Ichimoku cloud

The Ichimoku Cloud, a comprehensive trend-following indicator, is ideal for medium and long-term trading in Forex. It predicts future price actions using five elements, including Tenkan-sen and Kijun-sen lines, and two Senkou Spans that form the cloud. This system is effective for trend analysis and trading strategy development, offering insights on support and resistance levels. While beneficial for trend identification, the Ichimoku Cloud requires settings adjustment for shorter timeframes and can be complex for beginners. It's a powerful tool that combines trend analysis and momentum strategies.

More about: Ichimoku cloud definition, calculation, settings and strategies

Exponential Moving Average

The Exponential Moving Average (EMA) is a key technical indicator in Forex and stock trading, offering a smoothed representation of price trends over a chosen period. Compared to the Simple Moving Average (SMA), the EMA places greater weight on recent prices, making it more responsive to price changes. This attribute makes it valuable for trend identification and trading decisions. However, its reliance on past price data can lead to lag, and it may not predict future trends accurately.

More about: Exponential Moving Average definition, calculation, settings and strategies

On Balance Volume

The On-Balance Volume (OBV) indicator is a momentum tool in technical analysis, used to predict price movements by analyzing volume changes. It's especially effective in Forex trading for confirming trends and spotting pivot points. OBV is straightforward and pairs well with other technical tools, but it can give false signals in short-term timeframes due to market volatility. The indicator does not consider the intensity of price movements, which can be both an advantage and a limitation depending on the trading scenario.

More about: On Balance Volume definition, calculation, settings and strategies

Stochastic Oscillator 

The Stochastic Oscillator is a momentum indicator in technical analysis that compares a particular closing price of an asset to a range of its prices over a specific period. It consists of two lines, %K and %D, oscillating between 0 and Signals include identifying overbought (>80) and oversold (

More about: Stochastic Oscillator definition, calculation, settings and strategies

Alligator Indicator

The Williams Alligator Indicator, created by Bill Williams and featured in his book "Trading Chaos", is a technical analysis tool used in financial markets, particularly in Forex trading. It comprises three smoothed moving averages (lips, teeth, jaw) representing the alligator's mouth. These lines help identify market trends and entry points at the beginning of price movements. While useful for indicating trend beginnings and ends, it requires additional filters like Fractals or the Awesome Oscillator for accurate entry points. The indicator works best in daily, four-hour, and one-hour timeframes, but is less effective in shorter intervals due to false signals. Its simplicity makes it suitable for beginners, and it's included in most trading platforms. However, parameter adjustments are needed for different timeframes, and the indicator may provide false signals during sideways trends.

More about: Alligator Indicator definition, calculation, settings and strategies

Fibonacci retracement

The Fibonacci Retracement is a popular technical analysis tool in Forex trading, based on a mathematical sequence with the golden ratio. It helps traders identify potential price reversal points during a correction and confirm trend reversals. This tool plots horizontal support and resistance levels on a price chart and includes key levels like 0%, %, 50%, %, and %. While valuable in trading, the Fibonacci Retracement should be combined with other tools for accuracy, as it does not provide complete trading signals on its own.

More about: Fibonacci retracement definition, calculation, settings and strategies

Average Directional Index (ADX)

The Average Directional Index (ADX) is a technical analysis tool used in trading, particularly in Forex. It consists of three lines: the main ADX line measuring trend strength, and two directional lines (+DI and -DI) indicating trend direction. ADX values range from 0 to %, with higher values signifying stronger trends. It's effective in identifying when to enter or exit trades based on trend strength and direction. While versatile and included in most trading platforms, ADX can produce false signals in flat markets and is best used with other indicators for confirmation.

More about: Average Directional Index (ADX) definition, calculation, settings and strategies

Parabolic Stop and Reverse (SAR)

The Parabolic SAR (Stop And Reverse) indicator, developed by J. Welles Wilder Jr., is a trend-following tool used in Forex and other financial markets. It is visualized as dots on a chart, indicating potential reversals in price movement. The indicator is designed for trending markets, helping identify entry and exit points, and can also serve as a trailing stop-loss mechanism. It performs poorly in flat, non-trending markets, showing a higher percentage of false signals. For optimal use, it's recommended to combine the Parabolic SAR with other technical indicators, like moving averages or RSI, especially in volatile market conditions.

More about: Parabolic Stop and Reverse (SAR) definition, calculation, settings and strategies

Standard deviation

The Standard Deviation Indicator in trading is a volatility measurement tool. It identifies the deviation of price from its mean over a period, indicating trend strength. High standard deviation reflects strong trends, useful in trend strategies. However, it doesn't show direction and is prone to lag, making it less suitable for scalping. Best used with currency pairs and on timeframes starting from M30, this indicator requires additional tools for signal confirmation.

More about: Standard deviation definition, calculation, settings and strategies

ATR indicator

The Average True Range (ATR) indicator, developed by J. Welles Wilder in , is a volatility measurement tool for Forex and stock markets. It calculates the degree of price fluctuation over a set period, aiding in the identification of market volatility. Key applications include setting stop-loss orders, determining market entry points, and evaluating the potential for trend reversals. While ATR is integral in various trading strategies, it doesn't predict price direction or trend strength, and may exhibit lag, requiring combination with other indicators for effective use.

More about: ATR definition, calculation, settings and strategies

VWAP Indicator

The Volume Weighted Average Price (VWAP) is a trading indicator that combines price and volume to show the average trading price of a security over a session. It's used as an alternative to moving averages for measuring liquidity, and identifying support and resistance levels. VWAP is most effective on intraday charts and is versatile in various trading strategies. However, being a lagging indicator, it may not always reflect current market dynamics accurately and doesn't consider order sizes, which can lead to false signals. It's recommended to use VWAP with other technical tools for better results. 

More about: VWAP Indicator definition, calculation, settings and strategies

CCI (Commodity Channel Index)

The Commodity Channel Index (CCI) is a versatile trading oscillator developed by Donald Lambert in the s, effective in various markets, including commodities, stocks, and currencies. It helps traders track overbought and oversold market zones, providing signals for trend and correction trading. The CCI is popular for its simplicity and efficiency, suitable for both newbies and professionals. It functions by comparing the current price to its average over a specific period, highlighting market cycles. However, it requires supplementary tools to confirm signals and avoid false positives, especially in volatile markets. The CCI is adjustable, with recommended testing on a period setting initially.

More about: Commodity Channel Index definition, calculation, settings and strategies

Pivot Point

The Pivot Point is a widely used technical analysis indicator in Forex trading. It calculates key price levels, acting as potential support and resistance points. These levels are essential for identifying market trends and making trading decisions. Pivot Points are particularly useful for setting stop losses and taking profit levels. However, they can be complex to analyze and may provide misleading signals in certain market conditions. Traders often combine Pivot Points with other indicators for a more comprehensive analysis. 

More about: Pivot Point definition, calculation, settings and strategies

Momentum Indicator

The Momentum Indicator is a technical analysis tool used to determine trend strength and direction by comparing current and past closing prices. It's effective in various markets including Forex, stocks, and commodities. The indicator works well in long-term trading strategies, though it can also be applied short-term. It's not an oscillator, but can function as one. While useful in daily chart analysis, it should be complemented with other indicators to filter entry signals. The indicator's versatility and straightforwardness make it popular among traders, but its tendency to generate false signals in strong trends requires cautious application.

More about: Momentum Indicator definition, calculation, settings and strategies

Aroon indicator

The Aroon indicator, a trend-following tool developed by Tushar Chande in , is effective in Forex trading for identifying trend strength and direction. It consists of two lines (Aroon Up and Aroon Down), fluctuating between 0 and , to signal trend changes. This indicator is versatile across various trading platforms and instruments, providing reliable signals in both long-term and short-term timeframes. Its main advantage is the accurate identification of overall trends without repainting. However, its signals can lag and may produce false signals in sideways markets, thus requiring confirmation from other technical tools. Aroon works best in trending markets and is suitable for all levels of traders.

More about: Aroon definition, calculation, settings and strategies

Currency strength meter

The Currency Strength Meter (CSM) is a technical indicator used in Forex trading to assess the relative strength of different currencies. It operates similarly to MACD, analyzing multiple currency pairs simultaneously. CSM's primary function is to identify strong versus weak currencies, aiding in pairing selection for trading. While it offers clear entry signals and helps in trend identification, it's not a standalone strategy and requires other tools for exit points. The indicator faces challenges like double lag and information overload, making it essential to use it judiciously alongside other analyses.

More about: Currency strength meter definition, calculation, settings and strategies

Price Rate Of Change Indicator (ROC)

The Price Rate of Change (ROC) indicator is a momentum oscillator used in Forex trading to measure the rate of price change over a specified period. It's particularly useful for spotting trend reversals and confirming ongoing trends. The ROC's simplicity and ability to indicate overbought or oversold conditions make it a valuable tool. However, it can be sensitive to price changes and may require constant setting adjustments. Like many indicators, it benefits from being used with other analytical tools to filter signals and improve accuracy.

More about: Price Rate Of Change Indicator definition, calculation, settings and strategies

Keltner channel

The Keltner Channel, a volatility-based technical indicator, is used for identifying trend direction and potential entry points in various markets, including Forex. It consists of three lines: a middle line (Exponential Moving Average) and upper/lower lines based on the Average True Range (ATR). Key functions include signaling bullish or bearish market sentiments and acting as dynamic support and resistance levels. The Keltner Channel's simplicity makes it suitable for various trading styles, but it requires proper settings and often additional indicators to enhance accuracy, particularly in volatile markets. 

More about: Keltner channel definition, calculation, settings and strategies

TD Sequential indicator

The TD Sequential indicator, developed by Tom DeMark, is a technical analysis tool primarily used to identify potential trend reversals in financial markets. It comprises two main components: the Setup, consisting of 9 candlesticks, and the Countdown, consisting of This indicator is particularly effective in identifying trend exhaustion points, signaling potential reversals. Its unique approach, combining price flips and candlestick patterns, makes it a valuable tool for traders, but its complexity may require a learning curve. The TD Sequential is especially useful in longer timeframes. 

More about: TD Sequential indicator definition, calculation, settings and strategies

Average Daily Range (ADR)

The Average Daily Range (ADR) indicator is a statistical tool used in Forex trading to measure the average daily price movement of an asset. It helps traders set profit targets and identify potential support and resistance levels. The ADR is displayed on various timeframes, with M15, M30, and H1 being the most useful. It calculates the trading day's price ranges, defines potential support/resistance levels, and spots potential take profit levels. However, it does not predict market direction and often requires additional tools for effective trading. The ADR is more of an assistant than a standalone guide for trade entries.

More about: Average Daily Range (ADR) definition, calculation, settings and strategies

Awesome Oscillator  (AO)

The Awesome Oscillator (AO) is a technical analysis tool developed by Bill Williams to measure market momentum. It calculates the difference between a 5-period and a period Simple Moving Average (SMA) of the midpoint of the candlesticks (High + Low)/2. Presented as a histogram, the AO helps traders identify bullish or bearish momentum based on its position relative to the zero line. Positive values suggest bullish momentum, while negative ones indicate bearish trends.

More about: Awesome Oscillator definition, calculation, settings and strategies

Chaikin Oscillator

The Chaikin Oscillator, a volume-based technical indicator, combines the Accumulation/Distribution Line with the Exponential Moving Average (EMA) to assess market momentum. It highlights volume flow trends and potential reversals. This indicator is effective in confirming price movements and identifying divergences. However, its reliance on accurate volume data may limit its efficacy, and it benefits from use with other analysis tools for a more comprehensive market perspective. For a complete understanding of the Chaikin Oscillator, please refer to the full article.

More about: Chaikin Oscillator definition, calculation, settings and strategies

TD Moving Average ( by DeMark)

The TD Moving Average, developed by Thomas DeMark, is a unique take on the classic moving average indicator. It minimizes drawbacks like lag and inefficiency in non-trending markets, offering clearer signals. TD Moving Average I functions as a trailing stop, identifying trend directions and optimal exit and entry points. TD Moving Average II, using two simple moving averages with a rate of change (ROC) application, provides additional market insights. These indicators are best used in combination for enhanced trading strategies, particularly in avoiding time-lags and adapting to different market conditions. 

More about: TD Moving Average definition, calculation, settings and strategies

Laguerre indicator

The Laguerre Indicator, created by John F. Ehlers, is a trend-following tool that uses Laguerre polynomials for minimizing signal lag and filtering price noise. It's more responsive than traditional moving averages, especially useful in short-term trading. The Laguerre RSI, a modified version, is particularly effective for identifying trade entry points with less noise. However, it's advisable to use this indicator in conjunction with other tools for better accuracy.

More about: Laguerre indicator definition, calculation, settings and strategies

Conclusion

In summary, the diverse array of technical indicators presented provides traders with valuable tools for market analysis in Forex trading. These range from trend-following devices like the Ichimoku Cloud to volatility measures such as the Standard Deviation Indicator. While each indicator offers unique insights, their effectiveness is amplified when used in conjunction with other tools, addressing inherent limitations like lagging signals or susceptibility to market volatility. This collection underscores the importance of a multi-faceted approach to market analysis, ensuring traders are well-equipped to make informed decisions in the ever-evolving Forex market.

List of Forex Indicators

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive /39/EC.

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Top 10 Forex Indicators That Every Trader Should Know

  • What is Relative Strength Index (RSI)?
  • The RSI is another forex indicator that belongs to the oscillator category. It is known to be the most commonly used forex indicator and showcases an oversold or overbought condition in the market that is temporary.

  • What are the roles of buyers and traders in Moving Average?
  • If the price trades are above the moving average, it means buyers are controlling the price, and If the price trades are below the moving average, it means sellers are controlling the price.

  • What is Fibonacci?
  • Fibonacci is another excellent forex indicator that indicates the exact direction of the market, and it is the golden ratio called
    Several forex traders use this tool to identify areas and reversals where profit can be taken easily. Fibonacci levels are computed once the market has made a big move up or down and looks like it has flattened out at some specific price level.

    We recommend FTLM-STLM − a unique oscillator without delay

    Adaptive indicators of the AT&CF trading system are synthesized using the modern technique of digital filters, and the flow of market prices is used as an array of data. The result is obtained in the standard form: the direction of the trend and the probability of its continuation (Digital Indicators of Technical Analysis).

    To put it more simply, the spectral analysis of any financial market is a software application from the theory of signals, which is used in any digital systems.

    There are no analogues to these tools, their super-efficiency for price analysis is not proven, but the methods of interpreting the results are similar to the standard Forex indicators, so let’s begin. Who knows, maybe the FTLM-STLM indicator is profitable.


    Logic and purpose

    The idea of using adaptive methods on a financial data set is due to the fact that any available technical analysis tools use «price history» for calculation, and therefore it is impossible to get rid of the delay problem.

    All methods of multiple averaging, time correction, volume and other «improvements», dramatically reduce the accuracy of trade signals.

    Mathematical model of the indicator FTLM-STLM

    FTLM-STLM: approximation of price dynamics

    The authors of the AT&CF system suggest to analyze the price signal by means of the Fourier transform and approximate the price dynamics with sinusoids with different parameters of the frequency filters. More information about it can be found here.

    Mathematical Fourier model for price dynamics FTLM-STLM

    Fourier transformation: basic elements FTLM-STLM

    The FTLM-STLM indicator is used as an analogue of the traditional Momentum, that is, it must assess the type of the market (bull, bear or flat) and show the end of the current trend.


    Calculation procedure

    The FTLM-STLM oscillator does not work with real prices, but is calculated on the trend indicators data of the system, that is, it uses prices smoothed as a result of frequency filtering. So first − a little background information (Spectral Analyzer).

    AT&CF system: trend and oscillators

    All AT&CF indicators

    So, to calculate FTLM-STLM, we need:

    • RFTL («fast») and RSTL («slow») reference trend lines;
    • analogues of traditional FATL moving averages − «fast» (based on a low-frequency digital filter) and SATL − «slow» (based on a digital filter of the second order).

    We remind: adaptive lines FATL and SATL do not have any phase lag about the current prices. Methods for interpreting the results are similar to the standard Forex indicators.


    What result do we have?

    The proposed indicator combines the FTLM (Fast Trend Line Momentum) line for FATL and STLM (Slow Trend Line Momentum) for SATL and shows the change rate in adaptive averages. Values are calculated as the difference of the corresponding digital filters for each bar:

    FTLM(bar) = FATL(bar) − RFTL(bar)

    STLM(bar) = SATL(bar) − RSTL(bar)


    Parameters and control

    The authors of AT&CF proposed it as an automatic trading system, but now each of its elements can be connected to the terminal in usual way and applied for manual trading.

    Parameters and general view of FTLM-STLM indicator

    Standard version of the indicator FTLM-STLM

    Only the number of bars for calculation and color schemes are usually available from the parameters. For more fine-tuning, curious people can dig into the code.

    Calculating the values of the indicator FTLM-STLM

    FTLM-STLM: calculation scheme

    The trading effect of this indicator outside the general context of AT&CF system raises doubts, but perhaps our readers will be able to extract something promising from it.

    Let’s look at it in detail.


    Trade signals of the indicator


    The use of any adaptive indicators, including FTLM-STLM Forex, as well as any MTS based on them, must comply with the following rules:

    • trading is conducted only in the direction of the strongest trend, which is determined by the SATL line;
    • market activity is assessed by the FTLM-STLM indicator;
    • on a strong trend, oscillator signals are considered secondary;
    • oscillator signals are considered basic if trend indicators do not show a clear trend.

    The STLM line is the leading indicator (see VertexFX Client Side Indicator FTLM-S):

    • the moment of the downward trend reversal – the point at which the STLM sign changes from negative to positive;
    • the point of uptrend reversal – the moment at which the STLM changes its sign from positive to negative;
    • positive STLM − bullish trend, negative – descending;
    • the local extremum (max/min) on the STLM line always precedes a similar extremum on the SATL line;
    • the appearance of an extremum on the STLM line is a necessary but insufficient condition for reaching the top or the bottom by the SATL line.
    Standard trading situations of indicator FTLM-STLM

    Classical signals of FTLM-STLM

    Interpretation of the STLM+SATL schemes:

    • STLM and SATL lines grow at the same time − upward trend is increasing;
    • horizontal and positive STLM line with growing SATL − stable bullish trend, the higher is the absolute STLM value, the greater is potential for growth;
    • STLM and SATL lines simultaneously decrease − the bearish trend is increasing;
    • horizontal and negative STLM line with a growing SATL line − stable downward trend, the higher is the absolute STLM value, the stronger is potential for fall;
    • if both FTLM-STLM lines go simultaneously in one direction, we do not open a deal against them.

    When you turn the fast FATL and FTLM indicators from the extreme values down (up), you can add volume to the open position.

    Trading situations in the strategy FTLM-STLM

    FTLM-STLM: scheme of trading signals


    Implementation in trade strategies

    Theoretically, the use of indicator FTLM-STLM does not depend on the trading asset and the analysis period. However, timeframes less than H1 are not recommended, and for currency pairs and cross-assets it is best to use H4-D1 and higher, otherwise we get a lot of «false» signals.

    Speculative price shots and reactions to fundamental factors are «cut off» by digital filters even at the stage of calculating FATL-SATL and do not cause a special reaction on the FTLM-STLM lines.

    The deal is opened at the closing price of the period preceding the appearance of the signal (or lower). The AT & CF system does not give special recommendations on capital management.

    Standard trading situations of FTLM-STLM+IchimokuKinkoHyo

    Classical signals of FTLM-STLM and IchimokuKinkoHyo

    Adaptive indicators can be used in conjunction with classical tools (see Using Indicators), but it is quite sensible to use them as an automated analytical system that would help to identify among the mass of possible signals the most likely ones.


    Several practical remarks

    The use of spectral analysis is a fundamentally new approach to market research, such systems optimally adapt to any trading asset, do not lag, do not depend on the broker and trading conditions.

    Serious analysis on periods at a scale of 1 year is performed precisely by such methods, but the value of such signals is highly doubtful for small capitals and ordinary traders.

    It is hardly possible to consider the AT&CF system as professional software that is really used by large players. What this means is that the considered indicator has practical meaning only as a basic oscillator of the AT&CF system, all its signals depend on the other elements.

    In addition, at least a medium-term forecast is important for market makers, so FTLM-STLM signals most often look illogical even for intraday trading.

    All information about this system is contained only in the author's articles and a small amount of discussion in the network, full-scale tests were conducted about years ago and in most cases author's recommendations are no longer relevant on the current market. Attempts to develop AT&CF as a commercial product were also unsuccessful.


    Even with carefully selected and tested parameters on current quotes, the difference between FTLM-STLM signals and traditional versions of Momentum is minimal on popular currency assets.

    Nevertheless, the basic ideas of the indicator, like digital filter systems, can be fully used for experiments on creating automated trading strategies.



    Try It Yourself

    After all the sides of the indicator were revealed, it is right the time for you to try either it will become your tool #1 for trading.

    In order to try the indicator performance alone or in the combination with other ones, you can use Forex Tester with the historical data that comes along with the program.

    Simply download Forex Tester for free. In addition, you will receive 23 years of free historical data (easily downloadable straight from the software).

    Share your personal experience of effective use of the Indicator Fractals. Was this article useful to you? It is important for us to know your opinion.



    What is your favorite indicator?



    How to Choose the Best Combination of Forex Indicators


    The goal is to pick the best indicators set.
    The challenge is to combine indicators in a smart way. This means that indicators should deliver different type of information about the market and confirm each other rather than duplicate signals.


    Variety of Forex indicators available on advanced Forex trading platforms can sometimes create a challenge even for an experienced Forex trader. To control the situation traders need to choose only useful tools & avoid information overflow.

    Especially if you are a novice trader, we'd like to suggest you two most popular and widely used indicators to start planning your trades with.
    These are: Moving AveragesandStochastic indicator.

    The third place goes toMACD.


    To download an indicator from eunic-brussels.eu

    1. Right click on the indicator link
    2. Choose "Save as" or "Save link as" to download the indicator.

    To install your newly downloaded indicator to MT4, please use the following steps:

    1. Close Metatrader4.
    2. Place your new indicator into the MetaTrader "/Experts/Indicators" folder.
    3. Run Metatrader4.


    ATR Indicator Forex

    Forex MT4 indicator ATR Download: eunic-brussels.eu4
    Forex MT4 indicator ATR histogram Download: ATR_eunic-brussels.eu4

    Developed by Wilder, ATR gives Forex traders a feel of what the historical volatility was in order to prepare for trading in the actual market.

    Forex currency pairs that get lower ATR readings suggest lower market volatility, while currency pairs with higher ATR indicator readings require appropriate trading adjustments according to higher volatility.


    Bollinger Bands – a simple yet powerful indicator, ideal for traders who like visual style of trading.

    Volatility Indicators - Bollinger bands Forex

    Bollinger Bands: quick summary

    Created by John Bollinger, the Bollinger Bands indicator measures market volatility and provides a lot of useful information:
    - trend direction
    - trend continuation or pausing
    - periods of market consolidation
    - periods of upcoming large volatility breakouts
    - relative market tops and bottoms and price targets.


    MACD Indicators Forex

    Forex MT4 2 line MACDDownload: 2line_eunic-brussels.eu4
    Forex MT5 2 line MACDDownload: 2line_MACD_eunic-brussels.eu5

    MACD is the simplest and very reliable indicator used by many Forex traders.

    MACD (Moving Average Convergence/Divergence) has in its base Moving Averages.

    It calculates and displays the difference between the two moving averages at any time. As the market moves, moving averages move with it, widening (diverging) when the market is trending and moving closer (converging) when the market is slowing down and possibility of a trend change arise.



    LiteFinance List of Forex Indicators: Pros and Cons, Comparison
    Forex Power Indicator Tool

    Tips on how to use the Forex Power Indicator

    The Forex Power Indicator is designed to help forex traders save time and boost profits by instantly identifying current trends and potential trade opportunities.

    It identifies the relative strength of the major currencies based on monthly, weekly, daily, 4-hour, 1-hour, and minute time frames. This relative currency strength is determined based on a highly-developed formula that weights the historical relationships that exist between the various currencies. These relative currency strengths are then used to identify the Top 5 currency pairs that are showing the highest potential for trade.

    Just click the required timeframe at the top of the Indicator – either Monthly, Weekly, Daily, 4-hour, 1-hour, or 15 minute – and you’ll instantly receive two updated graphs that form the basis of this tool.

    The graph on the left shows the current strength or weakness of each of the 8 main currencies – based on the detailed assessment formula we have developed. The graph on the right shows you the top 5 pairs, from all the combinations of pairs that involve the major currencies, that have been identified as having the most potential for trade. We also have training for the ADX Indicator.

    The identified pair, and whether it’s a potential buy or sell, is indicated along the bottom of the graph. The actual graphs show the direction and relative strength of each currency in the recommended pair.

    The numbers on the Y-axis of each chart represent average pips movement. For instance, if you’re looking at the minute chart and the ‘USD’ bar is at level ‘5’ on the ‘Forex Power’ chart, it means it has moved a weighted average of 5 pips against the other 7 major currencies.

    Similarly, if the ‘EUR’ bar is at level , then it means the Euro has moved down a weighted average of pips against the other 7 major currencies. If the USD has moved up, and the EUR has moved down, then entering a Sell position on the EUR/USD will most likely be recommended in the ‘Top 5 pairs’ graph on the right.

    This tool is not intended to be a complete solution for identifying trades. However, it is valuable as a way of identifying currency movements and determining potential trades for further analysis. We also have training for Average True Range Indicator.

    If you want to see ALL of our tips, tricks, and training on exactly how we trade with the Forex Power Indicator tool please go here and get our exact strategy. It comes in a PDF so you will be able to save it and read it any time! Or just click the image below.

    Forex Power Strategy

    Used the right way, it will save you a lot of time and should work as a great addition to your current trade assessment processes.

    List of Forex Indicators
    List of Forex Indicators: Pros and Cons, Comparison  <div><div><p>Submit by Maximo Janus Trader</p><p>FTLM-STLM Scalping Evolution is a trading system for fast scalping and Buinary Options High/low based on the FTLM-STML indicator Mq4 as power filter of an fast evolute arrow of new generation (only for fast scalping trading).</p><p>The main feature of this system is the speed, with pregy and defects, but it is equipped with a double filter to minimize the false signals generated.</p></div><div><p>Binary Options High/low exipy time candles depends by volatlity of the moment,if the volatility is high 2 candles are fine, I do not recommend automating this system for BInary Options because it is discretionary and should be filtered being trend momentum.</p><p>Time Frame 5 min.</p><p>Currency pairs for scalping with low spreads Stock Indices and Commodities. Best results for Binary Options Majors minors (AUD and CAD pairs also Indices and Oil).</p><p>Sessions of trading: London and New York.</p><p><b>Metatrader Indicators</b></p><p>FTLM-STML indicator Mq4 defalut setting.</p><p>Speed arrow (setting show arrows).</p><p>Pivot Points Level.</p><p><b>FTLM-STLM Scalping Evolution trading rules</b></p><p><b>Buy or Call</b></p><p>Buy arrow with blue heiken ashi smoothed.</p><p>FTLM-STLM green bar.</p><p><b>Sell or Put</b></p><p>Sell arrow with red heiken ashi smoothed.</p><p>FTLM-STLM red bar.</p><p><b>Exit position options:</b></p><p>At the opposite arrow.</p><p>Fast profit target with ratio Stop loss.</p><p>At the level of pivot points.</p><p>Initial stop loss at the previous swing/high/low.</p></div><div><p>In the pictures FTLM-STLM Scalping Evolution in action.</p></div><div><figure><img src=
    FTLM-STLM Scalping Evolution
    FTLM-STLM Scalping Evolution
    FTLM-STLM Scalping Evolution
    FTLM-STLM Scalping Evolution

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