Trade Indicator
What are indicators ?
Trade indicator (stock exchange indicator) - tool technical market analysiswhich with the help of mathematical algorithms embedded in it graphically displays the data necessary for the trader on the price chart.
What does the technical indicator show?
Trade indicator readings are based on data already shown on the price chart - historical data. This is the basic thesis of technical analysis: everything repeats itself.
What kinds of indicators are there?
There are several basic types of technical indicators:
- Volatility;
- Trending;
- Informational;
- Oscillators;
- Channel;
- For scalping;
- Volume indicators;
- Level indicators;
- Turning indicators;
- Pattern indicators;
- Arrow and signal indicators.
On the basis of combinations of technical indicators, for example, a bunch of trend indicator + oscillator, are built indicator trading strategies.
There are also economic indicators of trade. They display a set of macroeconomic indicators, united by one property. These stock exchange indicators are the basis for the construction of the fundamental trading strategies.
What are the indicators for?
Как уже говорилось выше, на основе технических индикаторов строятся торговые стратегии. При этом, для разных стратегий используются различные индикаторы: для трендовых стратегий – индикаторы тренда, для пробойных стратегий – индикаторы уровней и канальные индикаторы, для скальпирующих стратегий – индикаторы для скальпинга и так далее.
Macroeconomic indicators are used for longer-term forecasting of the economy, possible actions of the world's central banks and, accordingly, the growth or decline of currencies.
Where to download technical indicators ?
В торговой платформе MetaTrader 4 имеется стандартный набор индикаторов, который доступен в терминале любого брокера по умолчанию. Для их установки необходимо перейти во вкладку “Вставка” – “Индикаторы” и выбрать нужный индикатор.
The rest of the technical indicators can be divided into paid and free.
Paid indicators, as a rule, are sold on the sites of their authors and specialized sites. The price of such indicators ranges from a couple dozen dollars to a couple hundred dollars. At the same time, paid indicators often have a free period of use during which a trader can try it in trading. It should be noted that the fact that an indicator is asked for money does not mean that the indicator will be effective in trading. It often happens that a free indicator is simply renamed and put up for sale.
indicators free download You can find it on forums, blogs and sites devoted to currency trading.
How to install the indicator ?
Installing a custom indicator is not difficult if you use the step-by-step illustrated instructions “Установка индикатора или скрипта в торговую платформу MetaTrader 4”.