Collection of indicators from InstaForex
Technical analysis It is very difficult to imagine without the use of various Forex indicators, because otherwise, without measuring any technical characteristics, the price analysis itself simply would not exist.
Naturally, for effective trading, a trader needs to competently combine technical indicators with each other, since each of them has both strengths and weaknesses, which allows them to compensate for each other’s shortcomings.
Today, on the Internet you can find thousands of different orphan indicators, for which there are no practical instructions for use, not to mention a description of the basis on which the instrument was built.
Such chaos and abundance of instruments leads to the fact that even an experienced market participant begins to build his strategies on something that is not clear, which naturally leads to disastrous consequences and loss of the deposit.
However, as often happens in real life, sometimes what we are looking for is right in front of our noses, and we don’t notice it.
If we talk about indicators, then a trader looks for an instrument anywhere except on the page your broker.
In fact, it is the broker who is primarily interested in the trader’s education, so in the vast majority of cases you can find almost all the necessary and useful tools right on their page.
In this article we will try to briefly review the collection of indicators from InstaForex and make a brief overview of the main useful indicators that deserve your attention.
Review of indicators from InstaForex
On the page InstaForex broker In the indicators section you can find dozens of different trading tools, but the first thing that catches your eye is candlestick analysis indicators.
Candlestick analysis involves tracking candlestick formations, thanks to which it is possible to predict both a stop and a price reversal, and the continuation of a trend.
An experienced trader who practices candlestick analysis uses only a clean chart in the trading process, but for beginners it is quite difficult to see popular candlestick patterns.
The problem with candlestick analysis is not the difficulty of finding patterns, but the fact that beginners in searching for signals begin to see patterns where there are simply none.
That is why the use of special candlestick analysis indicators not only simplifies the search for candlestick patterns, but also protects beginners from thoughtless actions. So, briefly on the main indicators:
1) Morning and Evening Star indicator
Thanks to this technical indicator, you can easily find one of the most popular strong reversal patterns “Morning and Evening Star” on the chart.
The instrument, with a point above or below the value, displays the location where the candlestick pattern appears. The difficulty in interpreting this figure lies in finding a valuable gap between the candles, which beginners often do not see or confuse with a gap formed as a result of the publication of certain news.
2) Three stars indicator
Thanks to this tool, any beginner will be able to recognize the complex “Three Stars” reversal pattern, which was developed by Steve Nison, in a matter of seconds.
This pattern appears extremely rarely and, as a rule, at the end of the current trend. The pattern consists of three candles with a minimum body size and shadows, which indicates to traders that the players leading the trend are simply exhausted, and all other participants have not yet decided on the direction of transactions.
3) Hammer and Hangman indicator
Thanks to this indicator, every trader will be able to find in a matter of seconds one of the most popular patterns of candlestick analysis “Hammer and Hangman”, which usually appear when a trend is coming to an end.
Thanks to this indicator, you can not only find a candlestick pattern in real time, but also analyze its effectiveness in history.
In conclusion, it is worth noting that in addition to the three considered tools in the collection of indicators from InstaForex, you can find dozens of useful indicators that you can use both as signal tools for your strategy and as filters to cut off false signals.
You can download the tools on the broker’s website - https://www.instaforex.com/ru/