Forex ABCs > Glossary > F > Forex Indicator

Forex Indicator

Definition

Forex indicators are used for identifying patterns in the chaos of the currency market. They use statistics and market data to try and forecast Forex prices. This is done by taking raw market data and manipulating it to crate actionable trading scenarios. These indicators are normally mathematical calculations based on a price and/or volume. Popular forex indicators include Moving Averages, Stochastic Indicators and MACD.

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