Average Directional Index
The Average Directional Index (ADX) is a popular and free Forex indicator used by traders to identify the strength of a trend. The ADX is a great tool for measuring the strength of a trend, as it can help traders identify when a trend is developing, and when it is weakening. The ADX is a versatile indicator that can be used to determine the strength of any trend in the Forex market, allowing traders to make informed decisions on when to enter and exit positions.
Ichimoku Kinko Hyo
The Ichimoku Kinko Hyo Indicator is a free, popular and useful Forex trading indicator that can be used in MT4. It is designed to help traders identify trends, support and resistance levels and potential entry and exit points. The indicator consists of five lines that are used to measure the momentum of a currency pair. The Tenkan-sen line is used to measure the short-term trend, while the Kijun-sen line is used to measure the mid-term trend. The Ichimoku Kinko Hyo Indicator is easy to use and can be a great tool for any trader looking to gain an edge in the Forex market.
