Today in this article we are going to talk about the top 10 best forex indicators. Before getting into the topic I would like to recommend to you that if you are looking for forex indicators which are free of cost and have a good accuracy then you should download forex indicators from our website which are free of cost and have excellent accuracy.
Top 10 Best Forex Indicators
Indicators are a good thing to have which can help you in your forex journey. Let’s get back to the topic, in this article I have made a list of 10 best forex indicators which are:
- Forex Olympus
- Moving Average
- Parabolic SAR
- Infinity Scalper
- Trend Mystery
- FX Atom Pro
- Bollinger Bands
1. Forex Olympus
In number we have the forex olympus. This indicator was developed by Rita Lasker. It is said that forex olympus contains special trading algorithms. These trading algorithms will give you highly accurate buy/sell signals. It is possible to choose one of the three modes of forex olympus for a perfect fit for your personal trading style. Forex olympus is easy to use and also it is user friendly. Forex Olympus has been designed to be used in the MetaTrader4 platform.
2. Moving Average
Moving Average is one of the most accurate forex indicators out there. Moving average is a technical indicator that is widely used. Moving average filters out the ‘noise’ from random short term price fluctuations by solving out price trends. Moving average is also an extremely popular indicator which is used in securities trading. Moving average indicators is a must have trading indicator which can be used as a means of finding out trends. Moving average also has other uses. For developing a trading strategy moving average indicator may prove useful. Moving average has been designed to be used in MetaTrader4 platform.
3. Parabolic SAR
Parabolic SAR is the third indicator we have here on our list. Parabolic SAR was developed by J. Welles Wilder and it is a technical indicator. It was developed by J. Welles Wilder for determining the direction that an asset is moving. Parabolic SAR is an indicator which is referred to as a stop and reverse system and is abbreviated as SAR.
For day trading parabolic SAR is considered accurate and suitable. Parabolic SAR is a trend following indicator. A parabola below the price is bullish and a parabola above is bearish. Parabolic SAR has also been designed to be used in MetaTrader4 platform.
In number four we have STC indicator on our list. STC stands for schaff trend cycle. Schaff trend cycle indicator was discovered and developed by Doug Schaff in the 1990s. STC gives you buy and sell signals for trading and recognizing market trends. STC is good and effective for intraday trading, the signal line of STC`s reacts faster to the changing condition of the market as compared to the popular MACD indicator. The benefits of the trend following indicators are combined by STC.
5. Infinity Scalper
The Infinity Scalper indicator is in the form of a histogram. In the starting it is located in the lower chart window. Change of trend is signaled when the color of the histogram changes. Infinity scalper according to the well-known developer Karl Dittmann is a very accurate and not repainted indicator. Infinity scalper is a very easy to use forex tool with outstanding features. Infinity scalper is fast and profit making. Infinity scalper is also listed among the best forex indicators. Infinity scalper has also been designed to be only used in MetaTrader4 platform.
6. Trend Mystery
On number six we have trend mystery. Trend mystery was also designed and developed by Karl Dittamnn team. It is a paid forex indicator. Trend mystery indicator 100% no repaint. Trend mystery has good profitable signals, multi-level confirmation technologies and a range of excellent qualities. Trend mystery is made in the form of a histogram and is located in the lower window of the chart. You can get awesome and quick results from this indicator. Trend mystery has been proven effective for providing genuine forex trading signals. This indicator is also designed to be only used in MetaTrader4 platform. Trend mystery also has good accuracy.
Forex enigma is basically a scalping tool. It is made for trading on M1 and M5 time frames. The Enigma indicator is extremely simple. Enigma gives fast and accurate signals that results in consistent and reliable profit. Most profitable trading algorithms and hidden strategies that work together makes enigma a reliable profitable signal and accurate indicator. Enigma generates buy and sell options on the chart for you with accuracy. It never repaints. It is also designed to be used in MetaTrader4 platform.
8. FX Atom Pro
On number eight we have Fx atom pro. FX atom pro was developed by Karl Dittmann, FX atom pro has super accurate signals and can be used by complete beginners and can make high profit from it. It is said to be an intelligent forex trading indicator. FX atom pro has all tools like technologies, tricks and strategies for traders. FX atom pro is built on the most advanced technology. Special types of algorithms are used by FX atom pro to analyse the force market. FX atom pro is designed to be used in MetaTrader4 platform.
On number nine we have stochastics . Stochastic was developed in the late 1950s by George Lane who was a market technician. Stochastic oscillator is designed in a way that when a security is overbought or oversold, stochastic can point it out. Stochastic oscillator is an important and useful indicator. Stochastic refers to the point of a current price in relation to it`s price range over a time. It is a famous momentum indicator.
10. Bollinger Bands
On number ten we Bollinger bands indicator which was developed by John Bollinger. Bollinger bands were developed in1980s. Bollinger Bonds are a type of price envelope. On a relative basis Bollinger
Bands help determine whether prices are high or low. Bollinger Bands also are one of the most reliable indicators out there. Bollinger bands are basically price channels and are plotted above and below price. They always change with the price, that’s why they don’t lag too much. It can be used most time frames and can be applied in every financial market.
HOW TO CHOOSE A INDICATOR:
Choosing an indicator for forex trading can be hard sometimes. We will help you with choosing an indicator. First I would suggest you that the indicator you are going with must have a good accuracy. It’s not necessary to buy one even free indicators can get the job done for you.
Choose an indicator which fits your needs and can provide the work you want. Do some research on the internet and ask others who have been using it. Keep these tips in mind and you will get a perfect indicator for yourself.
These were the top ten best forex indicators. I hope you like it.If you are looking for a reliable and accurate indicator. Then you are at the right place our website will provide on the best indicators. The indicators have excellent accuracy and are free of cost which won’t disappoint you. So, what are you waiting for? go and download and make your forex journey easy.