Technical indicators are an important part of many forex trading tools and technical analysis.

We reviewed two types of indicators based on the timing of the signals provided by the technical indicators.

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Here is a summary of what was discussed in the previous lessons:

There are two types of indicators: forward and backward.

1. A forward indicator or a backward oscillator signals before a new trend is formed or a trend reversal.
2. A reversal indicator, or a trend indicator, signals a trend after a trend has formed.

Leading indicators

Leading indicators are normally oscillators.

These indicators are considered leading because they   signal you before a possible reversal process actually occurs.

One advantage of leading indicators is that they can potentially alert you to a return very soon.

Their disadvantage is that these oscillators provide a lot of false signals.

Leading indicators are not considered good independent tools. You need to combine leading indicators with other tools such as classic Japanese candlestick patterns and support and resistance.

If you can identify the type of market in which you are trading, you can identify which indicators can provide useful signals and which ones are worthless and can be ignored.

Popular leading indicators are: Stochastic, Relative Strength Index (RSI), Williams ٪ R and Momentum Index

Retro indicators

Delay or reversal indicators are also known as trend-following or trend-confirming indicators.

The reversal indicators of the reversal indicators appear after the movement on the chart.

One disadvantage of backward indicators is that they cause you to enter the trade and market relatively late. This means that you normally lose a relatively large amount of price and trend movement.

Popular delay indicators are: Moving averages (simple, exponential, weighted), Parabolic star and MACD

So, how do you know when to use oscillators and when to use trend-tracking indicators or both?

This is a million dollar question! However, we know that they do not always work together.

We will give you one million dollars ودی soon ..

wait! We meant an answer worth a million dollars!

For now, just know that once you identify the type of market in which you are trading, you know which indicators provide the right and accurate signals and which ones are worthless at the time.

It is not very simple. But it is a skill that you will acquire over time and with increasing experience.

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