The best indicators for forex trading strategies.

The active development of exchange trading through various trading terminals has opened up new horizons for the creation of various indicators. If previously a trader’s set consisted of no more than 20 indicators, which are present in the terminal by default, now you can find hundreds of them on the Internet.

Having visited various sites on stock exchange topics, you can see for yourself that there are really a lot of indicators, and from this wide selection it is very difficult to set any priorities when choosing.

Our site is no exception, so we decided to make a simple rating of the best indicators that can be downloaded completely free of charge.

Each described instrument is designed for trading according to a specific trading strategy.

An indicator for opening trades during sideways movement.

As you probably already know, there are two stages of price movement in the market, namely trend and sideways (flat). Therefore, if the indicator makes a profit in a trend, it, as a rule, simply destroys your deposit in a sideways trend. Therefore, I would like to start with an indicator that can show you the entry point into the market in a sideways direction.

the TRENDWAVE INDICATOR is the best tool for entering the market in flat areas .

Its essence lies in the fact that it shows the entry point as a result of the intersection of its two signal lines. Trading with it is very simple, since it draws you a point on its screen where you should enter a position. Remember that the indicator gives good profit only in flat conditions. Indicator for trend trading.

All books on trading unanimously say to enter in the direction of the trend. Yes, in reality, trend trading is very simple: buy if you see an upward trend and sell if the market is in a downward trend. Everything is simple in words, but in practice it is difficult for many people to determine the direction of the trend.

We have repeatedly posted indicators on the pages of our website that can show the direction of the trend. However, special attention should be paid to the TREND MAGIC . Unlike dozens of analogues, it copes with its assigned task perfectly.

The tool is created on the basis of two standard indicators ATR and CCI, the settings of which you can actually change.

It is displayed on the screen as two lines of blue and red, if the line is red, the trend is downward, if the line is blue, the trend is upward. Changing the color of the indicator line to the opposite is an excellent moment to enter a position following a new formed trend. Indicator for scalping.

A very popular trading tactic lately is scalping. Probably, the largest number of indicators have been invented for this tactic, some of them are very simple, and even a beginner can understand some of them.

On our website you can find a large number of indicators for scalping, but of all of them I would especially like to highlight the “ Forex Arrow Indicator ”.

A fairly simple tool for finding entry points into the market, since when a signal appears, it draws an arrow indicating which direction to enter. The basis of the indicator is the moving average, in my opinion this is the best indicator for scalping when trading on Forex. Tool for working with Japanese candles.

Professional traders know that no indicator can show a possible market reversal as quickly as the price itself can tell us. In fact, many books have been written about candlestick analysis, since patterns have been working since time immemorial.

Of course, you can familiarize yourself with candlestick analysis by going to the Japanese Candlesticks on our website, but to simplify the search for various patterns, the Candlestick indicator .

The tool on the chart finds candlestick combinations and prints out their name, which makes life much easier in finding them. Assistant in setting stop loss and take profit.

Many traders, including myself, have repeatedly encountered the difficulty of setting stop orders and profits. Due to the fact that traders leave a position too early, and the stop order is placed incorrectly, many have lost more than one thousand dollars. To solve this difficult problem, I would like to recommend you the Dinapoly indicator .

The tool draws horizontal levels at which you can actually set your stop order and profit. Also, do not forget that a breakdown of one of the levels is an excellent opportunity to both transfer your profit to the next level and enter a position.

In conclusion, I want to say that all the indicators proposed in this article are nothing more than the subjective opinion of the author of the article, and not a direct guide for use in trading on the Forex exchange.