Overlays, Indicators, and Oscillators

Technical analysis is a set of tools and techniques used to identify market trends and to determine whether the market is trading at overbought or oversold levels. Below are the basic categories and tools of technical analysis that traders use worldwide:

• Overlays
• Price-based indicators
• Volume-based indicators
• Market and breadth indicators

Today, hundreds of different indicators are available. Most traders use technical analysis within MetaTrader 4. Other trading platforms, such as NinjaTrader, offer a wide variety of indicators along with advanced charting capabilities. Even Microsoft Excel can serve as a basic framework for implementing technical analysis.

» Review Trading Systems at FxPros.net

Important Technical Analysis Indicators

Below is a list of many popular technical analysis indicators and overlays. These tools are used by various types of traders, including Forex traders, stock traders, commodity traders, and more.

Understanding Key Economic Indicators for Forex Trading

Interest Rates

In the United States, the Federal Open Market Committee (FOMC) holds eight scheduled meetings per year—typically in January, March, April/May, June, July, September, November, and December.

Interest rates are a primary driver of currency values. Higher rates attract foreign investment, increasing demand for the domestic currency. Unexpected changes in interest rates can cause significant volatility in the Forex market. Additionally, carry trading—where traders borrow in low-interest-rate currencies to invest in higher-yielding ones—can amplify market reactions.

Interest Rate Policy Signals:

• Tight (Hawkish) Monetary Policy
  Implemented to combat inflation. Typically leads to currency appreciation.

• Loose (Dovish) Monetary Policy
  Used to stimulate growth and combat unemployment. Often results in currency depreciation.

Useful Resources:

• FOMC (US) Meetings Calendar

• ECB (EU) Meetings Calendar

• US Interest Rate Probabilities (FEDWatch Tool)

• Real Interest Rates (WorldBank)

DUKASCOPY EUROPE RATING REVIEW -Using the Formula V.4.0.

Dukascopy Europe Rating Summary

This is the sum of the Dukascopy Europe Rating Analysis (1, 2, 3, 4)

» Start an Account with Dukascopy | » Dukascopy Europe Review

Forex Time (FXTM) REVIEW

FXTM General Info

• Company Name: FXTM is the Brand of Exinity Limited, ForexTime Limited, and ForexTime UK
• FXTM Offices: FXTM maintains offices in Cyprus, Mauritius, and the United Kingdom
• FXTM Regulation: CySEC (License 185/12), FCA UK (License 777911), FSC (Licence C113012295)
• FXTM Foundation: FXTM was founded in 2011
• Online since FXTM has been online since 2011
• US Clients: FXTM doesn't allow US Traders (NO)
• Islamic Accounts: FXTM offers SWAP-Free Accounts (YES)
• FXTM Execution Type: ECN / STP
• FXTM Customer Support: 24/5 via Phone and Live Chat

» The FXTM Website

• Forex Robot: Forex Megadroid
• Developed by: Albert Perrie and John Grace
• Trading Style: Scalping EUR/USD
• Platform: MT4
• NFA Compliance: Yes
• Cost: 67 USD (one-time)

» Forex Megadroid Website

Forex Megadroid Review – FxPros

Forex Megadroid is a Forex scalping Expert Advisor (EA) originally launched in 2009 by developers John Grace and Albert Perrie. Built for the MetaTrader 4 (MT4) and ZuluTrade platforms, it quickly gained global popularity, with tens of thousands of copies sold. This EA is designed specifically to trade the EUR/USD currency pair, adapting to various market conditions with its proprietary trading logic.

How Does the Forex Megadroid Work?

Forex Megadroid operates using RCTPA technology—short for Reverse Correlated Time and Price Analysis. This advanced algorithm evaluates time and price data across multiple markets to forecast short-term price movements. It measures current market dynamics (supply and demand) to generate precise predictions for the next few minutes—ideal for scalping strategies.

JUSTFOREX REVIEW

Founded in 2012, JustForex is an ECN/STP broker based in Belize and regulated by the International Financial Services Commission (IFSC) under license number 60/241/TS/17.

JUSTFOREX General Info

• Company Name: JUSTFOREX is the Trading Name of IPCTrade Inc
• JUSTFOREX Offices: JUSTFOREX maintains its headquarters in Belize
• JUSTFOREX Regulation: IFSC (license number 60/241/TS/17)
• JUSTFOREX Foundation: JUSTFOREX was found in 2012
• Online since JUSTFOREX has been online since 2012
• US Clients: JUSTFOREX doesn't allow US Traders (NO)
• Islamic Accounts: JUSTFOREX offers SWAP-Free Accounts (YES)
• JUSTFOREX Execution Type: ECN/STP
• JUSTFOREX Customer Support: 24/5 via Phone and Live Chat

» Visit the JustForex Website