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Top Forex Indicators - Download for Free

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An important instrument to help analyzing the chart, forex technical indicators are somewhat a must to be learned when you first come into this business. Even though you may end up with strategies that don't involve any technical indicator, it's still a good practice to try out some indicators every now and then.

On the other side, for technical traders keen on utilizing indicators as best as possible, exploring various types of indicators can be a necessity. Common indicators provided in the MetaTrader setup are sometimes not enough, hence the search of alternative (hopefully more advanced) indicators from other sources.

For that particular reason, we have compiled a number of top forex indicators that you can't get from your MetaTrader's selection. Don't worry, everything is available for free. You only need to choose what kind of indicator that you want, and click the download button to get it for free.

Oscillators
Support Resistance Indicators
Trend Indicators
Price Action Indicators
Combo Indicators

Price Action Indicator

How to use Force Index indicator in triple screen trading strategy?

If the EMA-2 line in the Force Index Indicator is above the 0.0 level, it means the bullish sentiment is stronger. But if it is under the 0.0 level, the bearish sentiment is stronger.

If the indicator is used for the main time frame of the triple screen system (5-day time frame), and the MACD histogram at the weekly time frame forms a slope to the top or bullish, you can plan to open a buy position when the Force Index is in a negative area with an upside pullback momentum.

Continue Reading at How to Master the Triple Screen Trading Strategy?

How can bond spreads become a sentiment indicator?

Bond spreads expand when investors become risk cautious and prefer safer bonds: this covers spreads between high-yield and investment-grade debt, as well as spreads between emerging market and developed country debt.

We can reach a similar conclusion through yield differentials between bonds of the same class but with different maturities. Due to the maturity risk premium, longer-dated bonds are usually deemed riskier than bonds with shorter terms. As a result, 30-year bonds often have a higher yield than 10-year bonds and so on.

Continue Reading at How to Analyze Market with Bond Spreads

What are the best indicators for trading Ethereum?

There are many trading strategies that you can use to trade Ethereum. One of the most potent options requires you to use these two indicators:

Moving Average Convergence Divergence (MACD): This popular momentum indicator can help traders spot the market's trend. It is suitable in almost any financial market, including the crypto market.
Money Flow Index (MFI): This technical indicator can measure the money flow into or out of a cryptocurrency based on price action and volume. In crypto trading, measuring buying/selling pressure and determining entry points is helpful.

Continue Reading at Ethereum Trading Strategy: All You Need to Know

Is MT4 suitable for beginners?

Yes, there are several reasons why MT4 is good for beginners.

It has a simple design that is easy to understand
Requires very little RAM compared to most trading platforms.
It is also equipped with a wide array of indicators that can be customized.

Continue Reading at Is MetaTrader 4 (MT4) Still Relevant?