Forex Indicators

Forex Indicators

Lesson 1: Forex RSI Relative Strength Index

RSI or Relative Strength Index is an indicator of momentum and it measures over bought and over sold conditions of the market. The indicators swing between 0 and 100.

Lesson 2: Forex RSI Stochastic Oscillator

The Stochastic Oscillator is a momentum indicator that measures over bought and over sold conditions in the market same as RSI. The reading above 80 levels shows overbought conditions and below 20 is oversold conditions.

Lesson 3: Forex ATR Average True Range

ATR or Average True Range is a volatility indicator and it measures the range of the sessions and PIPs then determine the average of that range over a certain number of sessions.

Lesson 4: Forex Moving Average

Moving Average is a great technical indicator that shows the average price of the few periods of the stock. The two types of moving average are Simple Moving Average and Exponential Moving Average.

Lesson 5: Forex Moving Average Convergence Divergence MACD

MACD or Moving Average Convergence Divergence is a momentum indicator showing the relationship between two moving averages of prices. It’s used to identify new trends and find entries in your trade.

Lesson 6: Forex Average Directional Index ADX

ADX or Average Directional Index is an indicator of directional movement and it’s used to measure the strength and direction of the trend. It consists of 4 main components, ADX line, +DI line, -DI line, and 20 level.

Lesson 7: Forex Bollinger Bands

Bollinger Bands are an indicator of volatility. It consists of moving averages as a center line and two price channels above and below which are called the Bands.

Lesson 8: Forex Parabolic SAR

Parabolic SAR is a trend falling indicator that consists of a dots below and above of the price.

Lesson 9: Forex Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is a trend direction momentum indicator which gives out a trading signal as to the support and resistance levels. The four components of Ichimoku are Tenkan-Sen Line, Kijun-Sen Line, Chikou Span, and Kumo Cloud.

Lesson 10: Forex Pivot Points

Pivot Points are technical indicators that will help you determine potential support in the resistance area. This type of indicators is especially useful for day traders.