Индикаторы Forex System

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.

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.

MT4 Forex indicators

Indicators are intended to predict price moving, and traders actively use them to get more information in order to make decision on when to buy or sell an asset. The indicators help to avoid speculative price spikes during the analysis, determine peaks and troughs, filter unnecessary things, determine when a trend may be changed and much more.

If you focus on them, the number of loss trades made emotionally or due to incorrect forecasts will decrease substantively. Therefore, the indicators are the most important trader’s tools: trading without indicators as well as the unskilled use of them can lead to full investments' loss.

How to choose appropriate Forex indicators

MetaTrader 4 provides the large number of Forex indicators, it'll be uneasy to master some of them, but it's necessary. After traders understand how each of indicators works and get practical skills, they usually select a few indicators for constant using — in average indicators. It's not enough to focus on the only one or two of them, because in this case market analysis won’t be complete, and as the result is the very low forecast accuracy.

You shouldn't focus on too many indicators at one time either — it will only prevent decisions making, because the conclusions from indicators data often contradict each other. Choose indicators the most suitable for you, and it's not necessary to be limited to the standard ones.

Although many indicators are available in MetaTrader 4, advanced users usually add other indicators to those provided by default. These can be either separately purchased advanced versions of standard indicators, which are more convenient to use, or specific ones that are not included in the basic set at all - but for someone they can be very useful.

There are the most popular groups of indicators, which can be used in Forex trading:

Bill Williams indicators;

volume indicators;

levels indicators;

trend indicators;

oscillators.

Bill Williams indicators

The attitude towards them among traders is ambiguous: some traders consider the indicators as useless ones, while others actively use them in trading. All tools from this group are based on chaos theory. The main ones are Alligator, Accelerator and Awesome Oscillator, and some others. There are the additional Forex indicators, for example, iFractals, which allows you to define the number of bars to calculate fractal dimensions, build a fractal channel and filter false breakouts.

Volume indicators

With this indicator you can daily track the number of transactions in the market. More important than this indicator is the only currency rate. For example, if the rate hike was not accompanied by large volumes, it doesn’t matter. But if the volumes decrease when the rates rise, it may be a signal of a quick trend change. Special indicators are used for deep volume analysis. For instance, On Balance Volume, MACD and Volume.

Levels indicators

The correct determination of the support and resistance levels is very important for successful Forex trading. In order to learn how to define them you need to master the level indicators. They are based on Fibonacci levels and easy to apply, so many traders start with these eunic-brussels.eur, they should be used only in combination with the indicators from other groups, and you can’t rely only on them. The most popular indicators are Fibo Box, FXR SR Zones, DailyGoOnGraph.

Trend indicators

Trend indicators are the most popular ones, almost every trader use one or a few of them. With these indicators you can define how strong the current trend is and predict for how long it will last. The most popular indicators are Simple Moving Average, 3rd Generation, Exponential, Linear Weighted.

Oscillators

These indicators are used together with trend indicators. Unlike the latter, they are often ahead of the market. Oscillators help to define price impulse and the overbought/oversold on the market. Traders make a decision to enter or exit the trade based on the indicators data. The most popular oscillators are RSI and MACD, each of them has many variations.

In addition to these indicators, there are also many more. They can be grouped or individual and are often used in combination with others. Use time and money to find the suitable indicators, because the right indicator is the key for successful Forex trading.