ForexTester has an open interface to create and add your own custom indicators. Although this feature is suitable to advanced users knowing programming languages, many peoples will find it useful. If someone creates indicator, others can add it to their programs. But for developing robust forex trading strategy or even forex trading system you may need only basic technical studies.
Just at this time there are more than 30 popular indicators included in the program (see also Drawing Tools):
- AC (Accelerator Oscillator, B.Williams)
- AMA (Adaptive Moving Average)
- ADX (Average Directional Movement Index)
- Alligator (B.Williams)
- ATR (Average True Range)
- Awesome Oscillator (B. Williams)
- Bears Power
- Bollinger Bands
- Bulls Power
- CCI (Commodity Channel Index)
- Envelopes
- FATL
- Fractals (B. Williams)
- FTLM-STLM
- Ichimoku Kinko Hyo
- Keltner Channel (original)
- Linear Regression Channel
- MACD (Moving Average Convergence Divergence)
- MA Crossover Signals
- Momentum
- Moving Average (Simple, Exponential, Weighted, Smoothed) with shift option
- OBV (On Balance Volume)
- PCCI
- PFE (Polarized Fractal Efficiency)
- Pivot Points
- Price Channel
- Price Daily Range
- Range Expansion Index
- ROC (Rate of Change)
- RSI (Relative Strength Index)
- Stochastic Oscillator
- Ultimate Oscillator
- W%R (Williams' Percent Range)
Many of them can be applied to different price values: O, H, L, C, (H+L)/2, (H+L+C)/3, (O+H+L+C)/4. Indicators are added separately on every timeframe - on different timeframes are individual bundles of indicators.
We are constantly increasing the number of available indicators in this forex software.
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