Lens1000
VIP Contributor
A trend indicator is an important technical indicators used to identify forex market trend. There are lots of factors that is affecting the direction of the market trend. This factors caused a change in trend direction . Forex investors used the trend indicators to pull successful trade. The following are the types of trend indicators
Price Action
Price is a variable that's very important. All the indicators bores down to the price of the market. One need to understand the higher highs and the lower lows of the trend in price chart.
The Moving Average
This is another trend indicator in forex. It indicate a bearish or bullish market when the price is either above or below its moving average . On the chart, the slope of the moving average can be used to determine the magnitude of the trend
The Parabolic stop and reverse (PSAR). This is basically used to identify a short term trend , for entry and exit of a trade as indicated by its name "stop and reverse"
There are diverse indicators and for optimum performance choose an indicator that suits the market style
Price Action
Price is a variable that's very important. All the indicators bores down to the price of the market. One need to understand the higher highs and the lower lows of the trend in price chart.
The Moving Average
This is another trend indicator in forex. It indicate a bearish or bullish market when the price is either above or below its moving average . On the chart, the slope of the moving average can be used to determine the magnitude of the trend
The Parabolic stop and reverse (PSAR). This is basically used to identify a short term trend , for entry and exit of a trade as indicated by its name "stop and reverse"
There are diverse indicators and for optimum performance choose an indicator that suits the market style