What are forex trading indicators?
Forex trading indicators are statistical tools that are used to analyze the performance and behavior of a currency pair or the entire market. They provide important information that can help traders determine the overall direction and strength of a currency pair or the market, and make informed trading decisions. Some of the most common indicators include the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), the On Balance Volume (OBV), Bollinger Bands, and the Stochastic Oscillator.