What is Forex Indicators?

A forex indicator is a statistical tool used by forex traders to make informed decisions about buying or selling currency pairs. 

Indicators analyze market data, such as price, volume, and historical performance, to identify patterns and trends that can suggest future market behavior. Traders use these indicators to develop trading strategies, manage risk, and attempt to predict market movements. Forex indicators can be classified into several categories, including:

1. Trend Indicators: These help traders determine the direction of the market trend. Examples include Moving Averages (MA), Moving Average Convergence Divergence (MACD), and the Average Directional Index (ADX).
2. Momentum Indicators: These measure the speed of price movements and help traders identify overbought or oversold conditions. Examples include the Relative Strength Index (RSI), Stochastic Oscillator, and Commodity Channel Index (CCI).
3. Volatility Indicators: These measure the rate of price change and help traders understand the market's volatility. Examples include Bollinger Bands and the Average True Range (ATR).
4. Volume Indicators: These analyze the volume of trading activity to assess the strength of a price movement. Examples include On-Balance Volume (OBV) and the Volume Oscillator.
5. Support and Resistance Indicators: These help traders identify potential price levels where the market might find support (prevent further decline) or resistance (prevent further rise). Examples include Pivot Points and Fibonacci Retracement Levels.

You can find all of free indicators HERE.

Each indicator provides different insights, and traders often use a combination of indicators to develop a more comprehensive view of the market. By doing so, they aim to increase the accuracy of their predictions and enhance their trading strategies.