Technical Indicators

An indicator is the most important tool for technical analysis. Decisions about how and when to trade can be made on the basis of technical indicator signals. The essence of technical indicators is a mathematical transformation of a financial symbol price aimed at forecasting future price changes. This provides an opportunity to identify various characteristics and patterns in price dynamics which are invisible to the naked eye.

In accordance with the functional properties, indicators can be divided into two types: trend indicators and oscillators. Trend indicators help to identify the price direction and find trend reversal moments synchronously or with a delay. Oscillators allow to define market reversal points in advance or simultaneously.

A separate category includes indicators calculated based on volumes. For the Forex market, 'volume' means the number of ticks (price changes) within a time interval. For stock securities volume means the volume of executed trades (in contracts or money terms).

Another category is Bill Williams' indicators. They are included into a separate group because they are part of the trading system described in his books.

The above categories include built-in indicators of the trading platform. 38 indicators are available in the platform. A large number of custom technical indicators can also be used in the platform. You can download source codes of various free applications from the Code Base. Thousands of ready-to use applications for technical analysis and automated trading are also available on the Market.


Trend Indicators

Trend indicators are used for detecting trends in financial markets. Indicators of these group are inefficient in periods of flat. Trend indicators point to the price movement direction.

The following trend indicators are available in the trading platform:

  • Adaptive Moving Average
  • Average Directional Movement Index
  • Average Directional Movement Index Wilder
  • Bollinger Bands
  • Double Exponential Moving Average
  • Envelopes
  • Fractal Adaptive Moving Average
  • Ichimoku Kinko Hyo
  • Moving Average
  • Parabolic SAR
  • Standard Deviation
  • Triple Exponential Moving Average
  • Variable Index Dynamic Average

Oscillators

Oscillators show price deviation from its average value. Oscillators help to predict the approaching correction or the direction of price oscillation phase. Oscillators best suit the purpose of decision making when there is no vivid trend in the market.

The following oscillators are available in the trading platform:

  • Average True Range
  • Bears Power
  • Bulls Power
  • Chaikin Oscillator
  • Commodity Channel Index
  • DeMarker
  • Force Index
  • MACD
  • Momentum
  • Moving Average of Oscillator
  • Relative Strength Index
  • Relative Vigor Index
  • Stochastic Oscillator
  • Triple Exponential Average
  • Williams' Percent Range

Volume Indicators

Volume indicators are those that account for the volume. For the Forex market 'volume' means number of ticks (price changes) that appeared in the time interval. For stock securities volume means the volume of executed trades (in contracts or money terms).

The following volume indicators are available in the trading platform:

  • Accumulation/Distribution
  • Money Flow Index
  • On Balance Volume
  • Volumes

Bill Williams' Indicators

Bill Williams' Indicators are included into a separate group, because they are part of the trading system described in his books.

The following Bill Williams' indicators are available in the trading platform:

  • Accelerator Oscillator
  • Alligator
  • Awesome Oscillator
  • Fractals
  • Gator Oscillator
  • Market Facilitation Index

Expert Advisors and Custom Indicators

Two broad categories can be singled out among automated trading applications: trading robots and indicators. Applications of the first type are designed for performing trading operations, and the second type programs are used for analyzing prices and identifying patterns in price changes. Indicators can be used directly in trading robots forming a complete automated trading system.