Programs / PFG FX Trader / Graphics / Technical indicators

Technical indicators

Technical indicators are a mathematical transformation of financial instrument's price and/or volume to forecast future changes in price. Signals of technical indicators help determine whether to open or close a position.

Judging by the functional properties, indicators may be divided into two groups: trend indicators and oscillators. Trend indicators allow to establish price movement in one direction and turning points simultaneously or with a delay. Oscillators allow to define price turning points in advance or simultaneously.

The client terminal contains a vast library of built-in technical indicators:

Accelerator/Decelerator Oscillator — AC Accumulation/Distribution — A/D Alligator Average Directional Movement Index — ADX Average True Range — ATR Awesome Oscillator — AO Bollinger Bands — BB Commodity Channel Index — CCI DeMarker — DeM Elder-rays Envelopes Force Index — FRC Fractals Gator Oscillator — Gator

Ichimoku Kinko Hyo Market Facilitation Index - BW MFI Momentum Money Flow Index — MFI Moving Average — MA Moving Average Convergence/Divergence — MACD Moving Average of Oscillator — OsMA On Balance Volume — OBV Parabolic SAR Relative Strenght Index — RSI Relative Vigor Index — RVI Stochastic Oscillator Williams’ Percent Range — %R Zig Zag

Indicators are imposed on the chart from "Navigator" window by Drag`n`Drop technology, by menu "Insert — Indicators" menu command or similar command of chart's context menu. Technical indicator may be created in the indicators window, with its own vertical scale (for instance MACD) or may be just imposed on the price chart (for instance Moving Average). At this, you can create indicators, based not only on price data and their derivatives (Median, Typical, Weighted), but also on other indicators. For example, you can create Moving Average indicator, based on Awesome Oscillator and thus get a signal line in addition to AO. For that you first create AO indicator, then MA indicator, after that you choose "Previous Indicator`s Data" (impose indicator on the previous indicator's data) in its settings in the field "Apply to". If you choose "First Indicator's Data" then MA will be created, based on data of the first indicator, which not necessarily will be AO.

When setting indicators, beside analytical parameters you can also set colors of elements, thickness of lines and size of used symbols. In future all the settings may be changed. In order to do that you need to perform the command "Indicators — Edit" from chart's context menu or the command "Indicator Properties..." of indicator context menu (indicator context menu pops up when you press the right mouse button on the line, symbol or chart bar of required indicator). To remove the indicator you need to perform the command "Indicators — Delete" of the chart's context menu or "Delete Indicator" of indicator context menu. The indicator context menu also contains the command "Delete Indicator Window", which deletes indicator window with all its contents.

Attention: You can set the indicator's exact value if you put cursor on the indicator's line, symbol or edge of chart bar.

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