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About these forex indicators What is a forex indicator? A forex indicator is a tool that measures current market conditions and draws its calculation on the chart in the form of a line, histogram, text or other form. It does not open, manage or close trades. Can I only use them for forex? No you can use them on any symbol in your Metatrader

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Indicators reflect past movements, as they are based on price data they receive. Forex indicators cannot look into the future, unlike Forex studies, such as Elliot waves, Fibonacci, Pivot points, Gann theory, market cycles etc.

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One of the most popular and common indicators used by forex traders today, the MACD is a trend indicator used to gauge the strength and direction of an ongoing trend. Developed in the 60s by Gerald Appel, MACD is a simple, and straightforward tool easy to grasp and use.

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Variety of Forex indicators available on advanced Forex trading platforms can sometimes create a challenge even for an experienced Forex trader. To control the situation traders need to choose only useful primary tools in order to avoid information overflow.

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The economic calendar is clearly the most used tool of all forex traders. The calendar shows the times of announcement of important economic events - which often have a significant effect on the future price movement of each market.