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Are you a serious Forex Trader?
Then you must have tried looking for the best Forex indicators to use in your trading for the best returns.
In this post, I will show you 7 best Forex indicators for serious traders.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Saddle tight and let’s get at it.
Here we go:
-
Average Directional Index (ADX).
The Average Directional Index is among the best Forex indicators that help measure the strength of a trend. The indicator is made up of:
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- The ADX curve, histogram, area, or dots.
- The +DI curve, histogram, area, or dots.
- The -DI curve, histogram, area, or dots.
The three elements oscillate between 0 and 100.
The market is an uptrend if the +DI element is above the -DI element and a downtrend if the -DI element is above the +DI element.
Then the next thing is to measure the strength of that trend using the ADX curve, histogram, area, or dots.
A reading of the ADX element below 20 means a weak trend while a reading above 50 means the trend is strong.
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A +DI element above a -DI element with a reading of above 50 of the ADX element means a strong uptrend.
A -DI element above a +DI element with a reading of ADX element above 50 means a strong downtrend.
-
Ichimoku Cloud.
Ichimoku Cloud is a Forex indicator that uses a collection of indicators to show the trend direction, price momentum, and support or resistance zones.
Five lines make up the Ichimoku Cloud tool, two of which form the cloud.
If the price is above the cloud, then the price momentum is upwards, and if below the cloud, the momentum is downwards.
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- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
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What makes the signal even stronger is if:
- In an uptrend, the whole cloud or its upper line is inclined upwards.
- In a downtrend, the whole cloud or its lower line is inclined downwards.
When the price above the cloud falls to the upper line and fails to break downwards, the cloud acts as support.
Resistance happens when the price below the cloud rises to the lower line of the cloud and fails to break upwards.
-
Alligator.
The Alligator is a trend Forex indicator that uses three smoothed moving averages.
It shows the direction of the general trend and possible trend reversal points.
In any setting, the three moving averages of the Alligator will arrange themselves such that the lip (green line) is closest to the price, followed by the teeth (red line) and then the jaw (blue line).
If you spot the three lines arranged in a descending order from the lip to the jaw, then such is an uptrend.
Conversely, where the three lines arrange themselves in an ascending order from the lip to the jaw, then such is a downtrend.
Where you spot the three lines changing from one order to another, the price is about to reverse.
A change from one trend to another means one can trade in the direction of the looming trend.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
-
Parabolic SAR.
Parabolic or Stop and Reverse is a Forex indicator that shows the direction of the price of an asset.
It does so by showing potential reversal points of the price, where the current trend stops and a new one begins.
Whenever the Parabolic or SAR dots are above the price of an asset, such is a downtrend.
Conversely, whenever the Parabolic or SAR dots are below the price, such is an uptrend.
Just time very well to catch the trend as it begins.
Once you notice a few dots of the indicator developing above the price, consider to trade down.
If on the other hand, you spot several dots of parabolic forming below the price, you can trade up.
-
Moving Average Convergence and Divergence (MACD).
The Moving Average Convergence and Divergence is a Forex indicator showing the trend of the price of an asset. It comprises
- Two Moving Averages.
- A zero line.
- A curve or histogram or an area oscillating about the zero lines.
Trade up if the fast MACD MA crosses over the slow MACD MA upwards.
You can also consider trading down if the fast MACD MA crosses over the slow MACD MA downwards.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Such up trade signal is even stronger if the MACD MAs and the oscillating histogram/curve/area shift from below to above the zero line.
The opposite is true for the down trade.
-
Trend Line.
The Trend Line is a drawing tool in Forex that runs diagonally across the price chart.
It is a trend line only if drawn between a minimum of three pivot points.
The trend line is useful in marking significant levels in the price of an asset to aid in more accurate predictions of future price movements.
Also Read: – HOW TO TRADE WITHOUT INDICATORS ON THE OLYMP TRADE 1 MINUTE STRATEGY.
Basically, it is used to connect three or more pivot lines to determine the overall trend of the market.
It may also be very useful in determining and drawing diagonal or horizontal price ranges.
Having the general trend of the market by joining several pivot points, you can trade in the direction of the trend.
Additionally, having drawn a diagonal price range can help you trade the range or breakouts.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
-
Fibonacci Levels.
The Fibonacci Levels is a Forex analysis tool which is made up of horizontal lines.
The lines are drawn with respect to Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci levels help predict possible price reversal levels.
The first thing is to identify which kind of a trend the market displays.
If the market is on an uptrend, identify a recent market low and let the zero level form the support level.
Also, identify the most recent high and let the 100 level form the resistance level there.
Allow the price to rally upwards and then to retrace back downwards to any Fibonacci Level.
It must retest the level without breaking downwards before entering a buy position.
If the market is a downtrend, identify a recent market high and let the zero level form the resistance level there.
The most recent low should coincide with the 100 level which forms the support level there.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Allow the price to rally downwards and then to retrace back upwards to any Fibonacci Level.
It must retest the level without breaking upwards before entering a sell position.
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- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
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