However, by combining different indicators to different timeframes, a trader can take advantage of their strengths and reduce fake signals to a minimum. Finding the best combination of Forex indicators for day trading can be quite hard – a trend indicator says “buy” when an oscillator says “sell” and vice-versa. Indicators are used to analyze and predict the behavior of a financial instrument, as well as to make. Forex Indicators are trading tools based on mathematical analysis that are able to graphically indicate the signals of the foreign exchange market and visually inform the trader about the current dynamics of the exchange rate of currency pairs.
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