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Forex Indicators

In the Forex Indicators section we present to your attention a number of indicators, which may become indispensable tools of analysis and forecasting of price fluctuations. On this page you can find a brief description of each of our indicators, the calculating formula and information on the indicator’s practical use. All of the indicators, which are available on our website, can be downloaded and installed on the MetaTrader trading platform.

Forex indicators are the main tools of analysis movement in market prices. The indicators are very important but they are not the only link of the strategy that should lead you to success in the Forex market.

The best forex indicators are effective tools used for predicting rate, they allow you to choose the right moment to open and close positions.

Keltner Bands Indicator. Originally developed by Chester W. Keltner and first introduced in his 1960 book "How to Make Money in Commodities", Keltner Channels help identify market trends using a rather simple volatility channel. The original Keltner Channels formulas were later modified by Linda B. Raschke. To differentiate Raschke's modified indicator from the original Keltner Channels, VT Trader refers it as Keltner ATR Bands.

Developed by Tushar Chande, the Variable Index Dynamic Average (VIDYA)indicator was described in the March 1992 edition of Stock & Commodities magazine. Chande's VIDYA is a moving average that automatically adjusts its speed based on market volatility. The absolute value of a 9-period Chande Momentum Oscillator is used for the volatility index.

Interpretation

Chande's VIDYA can be used in place of traditional moving averages. 

The Relative Vigor Index (RVI) was described in the January 2002 edition of Technical Analysis of Stocks and Commodities magazine in an article titled, "Something Old, Something New - Relative Vigor Index (RVI)" by John Ehlers. The RVI merges the older concepts of technical analysis with modern digital signal processing theory and filters to create a practical and useful indicator.

The TD Range Expansion Index was created by Tom DeMark and described in, "DeMark on Day Trading Options" written by T.R. DeMark and T.R. Demark, Jr. (McGraw Hill, 1999).

The TD REI is a market-timing oscillator that attempts to overcome problems with exponentially calculated oscillators, such as the MACD, by being arithmetically calculated.

Interpretation

Developed by Steve Nison and described in his book entitled "Beyond Candlesticks", the Disparity Index compares the market price to an n-periods moving average of market prices and calculates a percentage-based oscillator.

Developed by Patrick Mulloy and introduced in the February 1994 issue of Technical Analysis of Stocks & Commodities magazine, this trend indicator is an acronym standing for "Double Exponential Moving Average". DEMA was designed to lessen the lag of a regular exponential moving average. It is a composite of a single exponential MA and a double exponential MA that produces less lag than its two components individually; it is NOT a moving average of a moving average.

The Laguerre Relative Strength Index was introduced by John Ehlers in his book "Cybernetic Analysis for Stocks and Futures". It uses a 4-Element Laguerre filter to provide a "time warp" such that the low frequency components are delayed much more than the high frequency components. This enables much smoother filters to be created using shorter amounts of data.

Interpretation

The MESA Adaptive Moving Average (MAMA) indicator adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator (Technical Analysis of Stocks and Commodities magazine, December 2000). This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs.”

The Chande Momentum Oscillator (CMO) was developed by Tushar Chande and explained in the book "The New Technical Trader" by Tushar Chande and Stanley Kroll. The CMO was designed to calculate what Chande refers to as "pure momentum". The CMO is similar to, yet unique from, other momentum-oriented indicators such as the RSI, Stochastics, and Rate-of-Change.

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Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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