Top Most Effective Forex Indicator Types

Beginner Questions
1

Best Use

  1. For Analysis

  2. For People who does not want to stay static. These users will get their information on the go in terms of message or mail.

Types of Forex Indicators

  1. Trends

    • Trends are the escalation or deceleration directions in which the prices proceed.

    • There are 2 terminologies that are required to be known as a prerequisite.

    • Uptrend: Peaks and troughs escalate.

    • Downtrend: Peaks and troughs fall.

    • Horizontal peaks and troughs are determining factors that give the traders a hint to trade.

    • They can help you strategize your game to have better chances of fetching more returns.

      Forex Signal Indicator Types

  2. Gaps

    • Gaps are spaces that help us determine the market status when the trading does not take place.

There are 2 terminologies that are required to be known as a prerequisite.

* Down gap: When the expected highest price is lower than the lowest price of the previous day. This indicates market strength
* Up gap: When the estimated lowest price is higher than the highest price of the previous day.
* Breakaway, runaway and exhaustion: These gaps occur in the finishing of a price pattern, the middle of the market and the end of a trend correspondingly.