Signal indicators for Forex.
Not all beginners are able to independently find entry points into the market, even with the help of technical analysis indicators.
Therefore, if you are not strong in this matter, it would be more rational to use the so-called Signal Indicators.
Signal indicators give clear signals to open trades; the trader can only wait for the right moment and enter the market.
Typically, the work of such tools is not particularly different from other indicators; the output of results is simply optimized.
Indicators can draw arrows, sound a sound signal, or even notify you by email or SMS message.
The best signal indicators.
ZoneTrade indicator – not quite a classic example of a signal indicator, but even a novice trader can understand how it works.Trades are opened as soon as the signal candles displaying the trend change color. Other advantages include multi-currency support and the ability to apply to any time frame.
VKW Bands indicator – a tool that uses support and resistance lines in its work, on the basis of which signals are generated.
The signals themselves are displayed using multicolored arrows indicating the direction in which a trade should be opened. An advisor of the same name was also created based on this tool, which has demonstrated decent profitability.
Buy Sell Magic – an excellent technical analysis tool, the operation of which is based on three popular indicators.
In other words, Buy Sell Magic not only provides entry signals to Forex, but also filters them, eliminating a large number of false signals.
In addition to the arrows on the currency pair chart, it is possible to set up sending messages to email.
Pointer indicator – The authors of this script combined candlestick analysis and moving average analysis in their development.
The result is a pretty good tool, and many traders use it when trading scalping strategies. Signals are marked with arrows of different colors and directions.
You can easily find other signal indicators in the section - http://time-forex.com/indikators
