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Thread: Best Free Trend Indicator

  1. #1
    Junior Member
    Join Date
    May 2009
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    17

    Default Best Free Trend Indicator

    I am looking for a good trend indicator, similar to the Probability Meter.

    If anyone knows of something, please let me know. There are so many indicators out there, its next to impossible to find the best ones.

    fxrobot

  2. #2
    Member
    Join Date
    Jun 2009
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    Default

    Quote Originally Posted by fxrobot View Post
    I am looking for a good trend indicator, similar to the Probability Meter.

    If anyone knows of something, please let me know. There are so many indicators out there, its next to impossible to find the best ones.

    fxrobot
    Here is the one, you have to tweak it a bit
    http://www.tradingsystemforex.com/id...check-out.html

  3. #3
    sabrinathomas
    Guest

    Default Moving average

    Moving average

    Moving averages are the most simple kind of trend-following indicators. They simply take the data of the latest n-period (n-hour, n-day, and so forth), divide that by the n of the period to reach at the indicator's present value. The main difference between exponential and simple moving averages is that while the former attaches greatest significance to the most recent period, the latter weighs each period (the present included) equally. In other words, the exponential moving average is more sensitive to the price action of today. In general, the longer the period of a moving average, the slower it responds to price action, and the later its signals will be.

  4. #4
    shirley.williams
    Guest

    Default

    I think so MACD is a good Forex trend indicator for This is the next indicator you can use to help you to tell the trend. The setting for this indicator can be as default and all you need is to check whether the MACD and its trigger line is above or below the zero line.

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