Technical indicators help you make more informed trading decisions. These technical indicators are calculated from basic market data such as price and volume, and give you signals when to buy and sell specific currency pairs.
There are many types of technical indicator, but they fall into three main categories:
- Trend indicators show the current price direction and any changes in that direction
- Oscillators predict changes in price direction before they occur
- Psychological indicators show the market sentiment – such as bulls and bears
Keep in mind that technical indicators are indicators, not guarantees. Compare multiple indicators and make your own trading decisions.
MetaTrader 4 has a wide range of built-in technical indicators.
Try out these indicators on a real MetaTrader 4 terminal. Open an forex trading account today!