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Stop Guessing—The Best Indicator for MT4 Mobile

One of the best technical indicators for MetaTrader 4 mobile will power your investment choices moving forward. Here’s our pick.

By Marcel Deer

Edited by Joel Taylor

Updated August 1, 2023.

﻿The forex market is an easy world to enter but a complex one to master. For traders looking to potentially earn from their investments, it’s vital to track price movements and use technical analysis to stay ahead of the curve.
Forex technical analysis uses several indicators that are very easy to access through MetaTrader 4 (MT4). However, with so many options, you may struggle to determine which ones match your needs.
Luckily, we may have an answer for you.
» Learn more about trading platforms with Fortrade﻿
Bollinger BandsBollinger Bands is an analysis tool that uses trendlines to define upper and lower price range levels. The lines are plotted as two standard deviations above and below a simple moving average of the price.
Because the distance between the bands is based on standard deviation, they adjust to the swings in the underlying price of a stock.
Developed by trader John Bollinger, this tool is specifically designed to give users a higher probability of identifying when an asset is oversold or overbought. You can easily identify sharp, short-term price movements and potential entry and exit points.
All in all, in terms of price and time analysis, there’s no beating Bollinger Bands. When used in conjunction with other indicators, there’s no stopping even novice investors from working the market.
» Ready to start trading? Learn more about opening an account with Fortrade﻿

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