InstaForex Indicator Collection
Technical analysis It is very difficult to imagine the use of various Forex indicators, since otherwise, without measuring any technical characteristics of the price, the analysis itself would simply not exist.
Naturally, to trade effectively, a trader must skillfully combine technical indicators, as each has both strengths and weaknesses, allowing them to compensate for each other's shortcomings.
Today, you can find thousands of different unauthorized indicators online, all of which lack any useful instructions for use, let alone a description of the basis on which the tool was built.
Such chaos and abundance of instruments leads even experienced market participants to base their strategies on unknown sources, which naturally leads to disastrous consequences and the loss of deposits.
However, as often happens in real life, sometimes what we are looking for is right under our noses, and we do not notice it.
When it comes to indicators, a trader looks for a tool anywhere except on the page your broker.
In fact, it's the broker who's most interested in a trader's education, so in the vast majority of cases, you'll find virtually all the necessary and useful tools right on their website.
In this article, we'll briefly review the InstaForex indicator collection and provide a brief overview of the main useful indicators that deserve your attention.
InstaForex Indicator Review
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 the candlestick analysis indicators.
Candlestick analysis involves tracking candlestick formations, which can be used to predict both price stops and reversals, as well as trend continuations.
An experienced trader who practices candlestick analysis uses only a clear chart during trading, 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 signal search begin to see patterns where there simply aren't any.
That's why using specialized candlestick analysis indicators not only simplifies the search for candlestick patterns but also protects beginners from thoughtless actions. So, a quick overview of the main indicators:
1) Morning and Evening Star Indicator
With this technical indicator, you can easily spot one of the most popular strong reversal patterns, the Morning and Evening Star, on the chart.
The tool, a dot above or below the price, displays the location of the candlestick pattern. The difficulty in interpreting this figure lies in finding the valuable gap between the candlesticks, which beginners often miss or confuse with a gap formed by the release of a specific news item.
2) Three Stars Indicator
This tool will help any beginner recognize the complex reversal pattern "Three Stars" developed by Steve Nison in a matter of seconds.
This pattern appears extremely rarely and typically occurs at the end of a current trend. It consists of three candlesticks with minimal bodies and shadows, indicating to traders that the trend-driven players are simply exhausted, while the remaining participants have not yet decided on their trade direction.
3) Hammer and Hanging Man indicator
This indicator allows any trader to quickly identify one of the most popular candlestick patterns, the Hammer and Hanging Man, which typically appears when a trend is ending.
This indicator allows you to not only identify candlestick patterns in real time, but also analyze their effectiveness historically.
In conclusion, it's worth noting that in addition to the three tools discussed above, the InstaForex indicator collection includes dozens of useful indicators that can be used both as signaling tools for your strategy and as filters for filtering out false signals.
You can download the tools on the broker's website - https://www.instaforex.com/ru/
