{"id":1935,"date":"2019-11-19T10:23:17","date_gmt":"2019-11-19T07:23:17","guid":{"rendered":"https:\/\/roboforex.com/blog\/?p=1935"},"modified":"2026-05-26T10:53:13","modified_gmt":"2026-05-26T07:53:13","slug":"top-10-forex-indicators-that-every-trader-needs","status":"publish","type":"post","link":"https:\/\/roboforex.com/blog\/blog\/2019\/11\/19\/top-10-forex-indicators-that-every-trader-needs\/","title":{"rendered":"Top 10 Forex Indicators That Every Trader Needs"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p><strong><a href=\"https:\/\/roboforex.com\/\" data-internallinksmanager029f6b8e52c=\"31\" title=\"forex broker\">Forex<\/a> Indicators<\/strong> have long been introduced to the trading systems of many traders. As a minimum, they are of good help in chart analysis, as a maximum, they are the base of the whole trading system. <a href=\"https:\/\/roboforex.com/blog\/blog\/2020\/01\/14\/building-algorithmic-trading-systems-2-main-approaches-testing-tools\/\" data-internallinksmanager029f6b8e52c=\"104\" title=\"Algorithmic trading\">Algorithmic trading<\/a>, which means automatizing the work and creating <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/10\/24\/creating-expert-advisor-in-r-trader-from-scratch-practical-advice\/\">Expert Advisors<\/a> or trading robots, is also mostly based on the <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/11\/28\/signals-on-forex-where-to-search-how-to-find-filter-and-create\/\" data-internallinksmanager029f6b8e52c=\"101\" title=\"Signals\">signals<\/a> of various indicators.<\/p>\n\n\n\n<p>In this article, we will review the ten most popular indicators for the analysis of and trading on financial markets.<a name=\"1\"><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-moving-average-indicator\"><span class=\"ez-toc-section\" id=\"Moving_Average_indicator\"><\/span>Moving Average indicator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It will hardly be too bold to say that the <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/27\/what-is-a-moving-average\/\" data-internallinksmanager029f6b8e52c=\"68\" title=\"Moving Average\">Moving Average<\/a><\/strong> is the queen of all indicators, as it is among the simplest and the most popular ones. Apart from the immediate use, it serves as the base for some more complicated indicators.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/27\/what-is-a-moving-average\/\">Moving Average<\/a> is the average price indicator for a certain period. There are several types of Moving Averages: the simple, exponential, smoothed, linear weighted ones. They are slightly different in terms of calculating but their essence remains the same: they demonstrate the dynamics of the averaged price during a certain period.<\/p>\n\n\n\n<p>A Moving Average is represented as a line directly on the price chart. It shows the direction of the trend well: a declining MA indicates a downtrend, while a growing <strong>MA <\/strong>means an uptrend. To get trading signals, we normally use two or more Mas for different periods.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1055\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1-1055x630.png\" alt=\"Moving Average indicator\" class=\"wp-image-1946\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1-1055x630.png 1055w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1-335x200.png 335w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1-768x459.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ma-eurusd-d1.png 1423w\" sizes=\"(max-width: 1055px) 100vw, 1055px\" \/><\/a><figcaption class=\"wp-element-caption\">Moving Average indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-fibonacci-indicator-\"><span class=\"ez-toc-section\" id=\"Fibonacci_indicator\"><\/span>Fibonacci indicator<a name=\"2\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The indicator is based on the well-known sequence of numbers of an Italian mathematician <strong>Fibonacci <\/strong>(<strong>Leonardo of Pisa<\/strong>). It uses the relations of the numbers in the sequence: 23.6, 38.2, 50.0, 61.8, 76.4 &ndash; to detect the presumed correctional levels. The strongest correctional levels are considered to be 38.2, 50.0, 61.8.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/09\/20\/what-are-fibonacci-levels-how-to-use-them-on-forex\/\">Fibonacci indicator<\/a> is a grid of several levels of correction applied on the price chart. We choose a strong complete price impulse on which we apply the <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/09\/20\/what-are-fibonacci-levels-how-to-use-them-on-forex\/\" data-internallinksmanager029f6b8e52c=\"78\" title=\"Fibo\">Fibo<\/a> levels. Then we wait for the correctional movement to end on one of the levels and enter the trade in the direction of the initial impulse.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1057\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4-1057x630.png\" alt=\"Fibonacci indicator\" class=\"wp-image-1945\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4-1057x630.png 1057w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4-335x200.png 335w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4-768x458.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/fibo-eurusd-h4.png 1424w\" sizes=\"(max-width: 1057px) 100vw, 1057px\" \/><\/a><figcaption class=\"wp-element-caption\">Fibonacci indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-relative-strength-index-rsi-indicator-\"><span class=\"ez-toc-section\" id=\"Relative_Strength_Index_RSI_indicator\"><\/span>Relative Strength Index (RSI) indicator<a name=\"3\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/08\/rsi-indicator-description-trading-combining\/\" data-internallinksmanager029f6b8e52c=\"61\" title=\"RSI\">RSI<\/a> indicator<\/strong> pertains to the group of <a href=\"https:\/\/roboforex.com/blog\/blog\/2021\/06\/24\/top-7-oscillators-for-trading\/\" data-internallinksmanager029f6b8e52c=\"188\" title=\"awesome oscillator vs macd\">oscillators<\/a>. The author and advocate of this indicator is<strong> J. Welles Wilder<\/strong>. The RSI shows the position of the price in comparison to the previous period. It gives the best signals in a flat, showing how far the price has fluctuated from the average values.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/08\/rsi-indicator-description-trading-combining\/\">RSI indicator<\/a> is calculated in a separate window under the price chart. For tracking the trading signals, the levels of 30, 50, and 70 are singled out. The area above 70 is called overbought, and there, selling is recommended. The area below 30 is called oversold, and there we search for the opportunities to buy. If there is a clear trend on the market, it is recommended to take only the signals along with the trend from the RSI.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1051\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4-1051x630.png\" alt=\"RSI indicator\" class=\"wp-image-1944\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4-1051x630.png 1051w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4-334x200.png 334w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4-768x460.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/rsi-gbpusd-h4.png 1418w\" sizes=\"(max-width: 1051px) 100vw, 1051px\" \/><\/a><figcaption class=\"wp-element-caption\">RSI indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-bollinger-bands-indicator-\"><span class=\"ez-toc-section\" id=\"Bollinger_Bands_indicator\"><\/span>Bollinger Bands indicator<a name=\"4\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/09\/bollinger-bands-indicator-description\/\" data-internallinksmanager029f6b8e52c=\"62\" title=\"Bollinger Bands\">Bollinger Bands<\/a><\/strong> indicator was created in 1984 by <strong>John Bollinger<\/strong>. It is a trend indicator based in the Moving Average. It consists of three lines: the middle one is a classical MA, the remaining two are standard deviations up- and downwards. These three MA's make the Bollinger Bands indicator very easy-to-understand.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/09\/bollinger-bands-indicator-description\/\">Bollonger Bands indicator<\/a> is represented immediately on the price chart. The upper and the lower lines of the indicator create some sort of a price channel, which the quotations move in. For trading, we use a bounce off the indicator lines or an escape from its boundaries. The <strong>Bollinger Bands<\/strong> show the beginning of an impulse movement after the price escapes a narrow concentration area.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1054\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1-1054x630.png\" alt=\"Bollinger Bands indicator\" class=\"wp-image-1943\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1-1054x630.png 1054w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1-335x200.png 335w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1-768x459.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/bollinger-gbpusd-d1.png 1422w\" sizes=\"(max-width: 1054px) 100vw, 1054px\" \/><\/a><figcaption class=\"wp-element-caption\">Bollinger Bands indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-macd-indicator-moving-average-convergencedivergence-\"><span class=\"ez-toc-section\" id=\"MACD_indicator_Moving_Average_ConvergenceDivergence\"><\/span>MACD indicator\/ Moving Average Convergence\/Divergence<a name=\"5\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/05\/what-is-the-macd\/\" data-internallinksmanager029f6b8e52c=\"55\" title=\"MACD\">MACD<\/a> <\/strong>is very popular indicator was designed in 1979 by <strong>Gerald Appel<\/strong>. As we may see from the name, the indicator is based on the Moving Average together with other parameters. Though it conditionally pertains to the oscillator group, it is much more universal.<\/p>\n\n\n\n<p><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/05\/what-is-the-macd\/\">MACD<\/a> is represented in a separate window under the price chart. It consists of two lines, one being a histogram. One of the strongest signals of the indicator is a <a href=\"https:\/\/roboforex.com/blog\/blog\/2022\/03\/04\/divergence-and-convergence-in-trading-how-to-use-signals\/\" data-internallinksmanager029f6b8e52c=\"308\" title=\"Divergence, Convergence\">divergence<\/a> of the extreme values (maximums\/minimums) of the price chart and the indicator. Such a signal may forecast the end of a price movement and the beginning of a correction or even a market reversal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1058\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1-1058x630.png\" alt=\"MACD indicator\" class=\"wp-image-1942\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1-1058x630.png 1058w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1-336x200.png 336w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1-768x457.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/macd-gbpusd-d1.png 1426w\" sizes=\"(max-width: 1058px) 100vw, 1058px\" \/><\/a><figcaption class=\"wp-element-caption\">MACD indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-ichimoku-kinko-hyo-indicator-\"><span class=\"ez-toc-section\" id=\"Ichimoku_Kinko_Hyo_indicator\"><\/span>Ichimoku Kinko Hyo indicator<a name=\"6\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is a supreme indicator from Japan, created in 1926 by <strong>Goichi Hosoda<\/strong> also known under his pen name <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/03\/how-to-use-ichimoku-kinko-hyo\/\" data-internallinksmanager029f6b8e52c=\"54\" title=\"Ichimoku\">Ichimoku<\/a><\/strong>. It consists of five lines with different calculation formulae, two of them constituting a so-called Ichimoku Cloud. Conditionally pertains to <a href=\"https:\/\/roboforex.com/blog\/blog\/2021\/05\/06\/top-7-forex-trend-indicators\/\" data-internallinksmanager029f6b8e52c=\"180\" title=\"Trend indicators\">trend indicators<\/a>, tracks the direction and the potential of the current trend very well.<\/p>\n\n\n\n<p><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/03\/how-to-use-ichimoku-kinko-hyo\/\">Ichimoku <\/a>is drawn directly on the price chart. The main trading signals are crossings of the lines <strong>Tenkan-sen<\/strong> and <strong>Kijun-sen<\/strong>, as well as a breakout\/bounce off the boundary of the Cloud created by the lines Senkou Span A and Senkou Span B. To enhance your trading, the Ichimoku indicator is recommended for use with the <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/09\/06\/candlestick-analysis-on-forex-main-principles-application-options\/\" data-internallinksmanager029f6b8e52c=\"72\" title=\"Candlestick analysis\">candlestick analysis<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1061\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1-1061x630.png\" alt=\"Ichimoku Kinko Hyo indicator\" class=\"wp-image-1941\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1-1061x630.png 1061w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1-337x200.png 337w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1-768x456.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/ichimoku-gbpusd-d1.png 1427w\" sizes=\"(max-width: 1061px) 100vw, 1061px\" \/><\/a><figcaption class=\"wp-element-caption\">Ichimoku Kinko Hyo indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-parabolic-sar-indicator-\"><span class=\"ez-toc-section\" id=\"Parabolic_Sar_indicator\"><\/span>Parabolic Sar indicator<a name=\"7\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/23\/parabolic-sar-indicator-description-of-use\/\" data-internallinksmanager029f6b8e52c=\"66\" title=\"Parabolic Sar\">Parabolic Sar<\/a><\/strong> indicator was invented by <strong>J. Welles Wilder<\/strong> in 1976. The indicator n the chart reminds of a parabola, while SAR stands for &ldquo;Stop And Reverse&rdquo;. The indicator belongs to the trend group, it tracks trend movements very well and gives good signals for the end of the trend.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/23\/parabolic-sar-indicator-description-of-use\/\">Parabolic Sar<\/a> looks like a group of dots on the chart. If the price is below the dots, the trend is descending; if it is above the dots, the trend is ascending. The Parabolic dots may be used as landmarks for <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\">Stop Losses<\/a>. If the position is open along with the trend, the stop <a href=\"https:\/\/roboforex.com/blog\/blog\/2021\/10\/28\/main-order-types-in-trading\/\" data-internallinksmanager029f6b8e52c=\"311\" title=\"Order\">order<\/a> can be gradually moved with the dots until the trend reverses and the position closes.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1056\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1-1056x630.png\" alt=\"Parabolic Sar indicator\" class=\"wp-image-1940\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1-1056x630.png 1056w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1-335x200.png 335w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1-768x458.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/parabolic-gbpusd-d1.png 1421w\" sizes=\"(max-width: 1056px) 100vw, 1056px\" \/><\/a><figcaption class=\"wp-element-caption\">Parabolic Sar indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-adx-indicator-average-directional-movement-index-\"><span class=\"ez-toc-section\" id=\"ADX_indicator_Average_Directional_Movement_Index\"><\/span>ADX indicator\/ Average Directional Movement Index<a name=\"8\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This indicator was also created by <strong>J. Welles Wilder<\/strong>. The <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/10\/07\/how-can-adx-help-a-trader\/\" data-internallinksmanager029f6b8e52c=\"84\" title=\"ADX\">ADX<\/a> <\/strong>belongs to the group of trend indicators and consists of three lines: ADX is the main line, +Dl is the index of the positive movement, and -Dl is the index of the negative movement.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/10\/07\/how-can-adx-help-a-trader\/\">ADX indicator<\/a> is calculated in a separate window under the price chart. The main signal is an upward movement of the ADX line and crossing of the +Dl and -Dl lines. The growth of the ADX line indicates a strong trend, while the remaining two lines show its direction. If +Dl is above -Dl, the trend is ascending, and vice versa: if -Dl is above +Dl, the trend is descending.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1056\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1-1056x630.png\" alt=\"ADX indicator\" class=\"wp-image-1939\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1-1056x630.png 1056w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1-335x200.png 335w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1-768x458.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/adx-gbpusd-d1.png 1416w\" sizes=\"(max-width: 1056px) 100vw, 1056px\" \/><\/a><figcaption class=\"wp-element-caption\">ADX indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"8-pivot-points-indicator-\"><span class=\"ez-toc-section\" id=\"Pivot_Points_indicator\"><\/span>Pivot Points indicator<a name=\"9\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The author and advocate of this indicator is a trader and mathematician <strong>Henry Chase<\/strong>. The name <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/24\/getting-acquainted-with-the-pivot-points\/\" data-internallinksmanager029f6b8e52c=\"67\" title=\"Pivot Points\">Pivot Points<\/a><\/strong> can be understood as &ldquo;reversal points&rdquo;. The indicator calculates certain price levels based on price changes during the previous trading periods (day, week). It consists of the main Pivot level and supplementary <a href=\"https:\/\/roboforex.com/blog\/blog\/2020\/02\/21\/how-to-trade-support-and-resistance-levels\/\" data-internallinksmanager029f6b8e52c=\"112\" title=\"Support and Resistance\">support and resistance<\/a> levels.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/08\/24\/getting-acquainted-with-the-pivot-points\/\">Pivot Points indicator<\/a> is calculated on the price chart as a grid of various price levels: the main Pivot level, support levels S1, S2, S3, and resistance levels R1, R2, R3. The main trading signal is a bounce off one of the support\/resistance levels. After that, a return of the quotations to the main Pivot level is expected.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1065\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15-1065x630.png\" alt=\"Pivot Points indicator\" class=\"wp-image-1938\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15-1065x630.png 1065w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15-338x200.png 338w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15-768x454.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/pivot-gbpusd-m15.png 1427w\" sizes=\"(max-width: 1065px) 100vw, 1065px\" \/><\/a><figcaption class=\"wp-element-caption\">Pivot Points indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"9-alligator-indicator-\"><span class=\"ez-toc-section\" id=\"Alligator_indicator\"><\/span>Alligator indicator<a name=\"10\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/12\/12\/see-you-later-alligator-getting-acquainted-with-the-alligator-indicator\/\" data-internallinksmanager029f6b8e52c=\"103\" title=\"Alligator\">Alligator indicator<\/a><\/strong> was created by the king of exchange trading <strong>Bill Williams<\/strong>. The indicator is based on three SMAs. Each of the Mas symbolizes the jaw, teeth, and lips of an alligator. It belongs to the group of trend indicators and gives clear signals of the beginning of a new trend on the market.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/12\/12\/see-you-later-alligator-getting-acquainted-with-the-alligator-indicator\/\">Alligator indicator<\/a> is situated right on the price chart. Three Mas, colored in three different shades, forms the main signal about the beginning of a new trend. After the consolidation of the price in a small range, a new movement begins, the alligator opens its mouth: the three lines cross one another and then start moving along the new trend.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1-1067x630.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1067\" height=\"630\" src=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1-1067x630.png\" alt=\"Alligator indicator\" class=\"wp-image-1937\" srcset=\"https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1-1067x630.png 1067w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1-339x200.png 339w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1-768x454.png 768w, https:\/\/roboforex.com/blog\/wp-content\/uploads\/2019\/11\/alligator-gbpusd-h4-1.png 1424w\" sizes=\"(max-width: 1067px) 100vw, 1067px\" \/><\/a><figcaption class=\"wp-element-caption\">Alligator indicator<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-summary-\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span>Summary<a name=\"11\"><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Above, we have discussed some of the most popular Forex indicators. It is up to you to decide which ones to add to your system. I prefer the Moving Average, Fibo, MACD, Ichimoku, RSI. For me, the indicators are helpers giving good signals in addition to tech and <a href=\"https:\/\/roboforex.com/blog\/blog\/2019\/07\/18\/the-basics-of-fundamental-analysis\/\" data-internallinksmanager029f6b8e52c=\"57\" title=\"Fundamental analysis\">fundamental analysis<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-green\" href=\"https:\/\/my.roboforex.com\/en\/register\/\" rel=\"nofollow\">Open Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>Indicators have long been introduced to the trading systems of many traders. As a minimum, they are of good help in chart analysis, as a maximum, they are the base of the whole trading system. Algorithmic trading, which means automatizing the work and creating trading robots, is also mostly based on the signals of various indicators.<\/p>\n","protected":false},"author":58,"featured_media":1947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[240,2791,2128,176,238],"class_list":["post-1935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-bollinger-bands-indicator","tag-experienced-trader","tag-fibonacci-indicator","tag-moving-average-indicator","tag-relative-strength-index-indicator"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 10 Forex Indicators That Every Trader Needs - R Blog - RoboForex<\/title>\n<meta name=\"description\" content=\"Indicators have long been introduced to the trading systems of many traders. 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