Aroon
The Aroon Indicator is a popular and free Forex indicator used in the MT4 platform. It is a useful tool for traders as it helps identify potential trend reversals and breakouts. It then creates two lines, one for the highs and one for the lows, which are then used to measure the strength of the trend. The Aroon Indicator is easy to interpret, as the lines move closer together, the trend is considered to be weak. Conversely, if the lines move further apart, the trend is considered to be strong. Traders can use this information to make informed trading decisions, such as entering and exiting trades.
Linear Momentum
The Linear Momentum Indicator is a useful and free Forex indicator for MT4. The indicator calculates the difference between the current closing price and the closing price of a certain number of periods ago. The result is then plotted as a histogram, which helps traders identify the direction and strength of the momentum. The histogram is color-coded to indicate whether the momentum is positive or negative. By tracking the changes in the histogram, traders can use the Linear Momentum Indicator to identify the trend and potential trading opportunities.
RZI Indicator
The RZI Indicator is a useful and popular forex indicator for MT4. It is free to download and can be used to help traders identify market trends and entry points. It uses a combination of trend-following and oscillator-based indicators to quickly identify possible entry points and exit points. The indicator is easy to use and can be used in combination with other technical indicators to help traders make more informed trading decisions.
Semafor Alert
Are you looking for forex trend trading signals? Get three levels of buy and sell alerts according to low, medium and higher periods with Semafor Alert indicator. Signals work effectively for scalping the forex markets or to trade short or long-term. The indicator is easy to use and is one of the most popular indicators among forex traders.
Zone Indicator
The Zone Indicator is a popular MT4 Forex trading tool that is new to the market and is available as a free download. This is essential for forex traders who rely on support and resistance strategies, trend traders and traders who want to anticipate price action. The Zone indicator automatically displays strong support or resistance levels on the chart.