Using Indicators
Using Indicators

You can add an indicator or oscillator to the chart with the help of this button on the toolbar or with help of Insert → Add Indicator menu:

In addition, you can click the right mouse button on the chart and select the "Add Indicator" item. You will see the dialog where you can modify indicator's properties before it is placed on the chart:

To modify an indicator’s parameter, you need to double-click on it or click the left mouse button and press the "Enter" key. Some of the properties may have the drop-down list or a dialog window where you can select some values:

To cancel changes, press the "Esc" button on the keyboard, and to apply them press the "Enter" or "Tab" button, or click the left mouse button on the dialog.

Each indicator is linked to one timeframe of the chart window. So, if you place it on the H1 time frame, you will not see it on other time frames (15 min, 1 min, etc.). It was done for optimization purposes, if not, it would slow down the testing process significantly. We recommend you to place indicators only on those time frames where you need them. You can do it with the help of "Timeframes" tab, activate the needed timeframes here:

To edit the indicator on the chart, please click the right mouse button on the indicator's line, you will see the next menu:

You can edit indicator's properties (select “Edit …” option in this case) or delete it from the chart (“Delete …“).

You can combine more than 1 indicator in the oscillator window. Click the right mouse button in the oscillator window and select "Add indicator to window". When you delete the oscillator's window, all other indicators in this window will be deleted too.

Also, you can see and manage all the indicators on all charts and timeframes with the help of “List of indicators” button on the toolbar:

Here you can edit indicator properties, delete indicators, or delete all indicators on all charts at once.

We included lots of standard indicators into Forex Tester, but if you need any of the custom indicators that is not included in the program, you can create it by yourself or hire a programmer who can do this job. Custom indicators could be installed with the File → Install → Install new indicator menu. We have API to create custom indicators available for the C++ and Borland Delphi languages. You can get more information on our forum here.

The list of built-in Forex Tester indicators:

  • Accelerator Oscillator (B. Williams)
  • ADR
  • AMA (Adaptive Moving Average)
  • Average Directional Movement Index (ADX)
  • Alligator (B. Williams)
  • ATR (Average True Range)
  • Awesome Oscillator (B. Williams)
  • Bears Power
  • Bollinger Bands
  • Bulls Power
  • Commodity Channel Index (CCI)
  • Elder's Force Index
  • Envelopes
  • FATL
  • Fractals (B. Williams)
  • Heiken Ashi
  • Ichimoku Kinko Hyo
  • Keltner Channel
  • Linear Regression Channel
  • Moving Average Convergence Divergence (MACD)
  • MA Crossover Signals
  • MFI
  • Momentum
  • Moving Average (Simple, Exponential, Weighted, Smoothed) with shift option
  • On Balance Volume (OBV)
  • Parabolic-SAR
  • PCCI
  • Pivot Points
  • Polarized Fractal Efficiency (PFE)
  • Price Channel
  • Price Daily Range
  • Rate of Change (ROC)
  • Relative Strength Index (RSI)
  • Solar Wind
  • Stochastic Oscillator
  • Range bars
  • Range Expansion Index
  • Trade dynamic index (TDI)
  • Time box
  • Ultimate Oscillator
  • Volume
  • Williams' Percent Range (%R)
  • ZigZag

Using Indicators
Comprehending Forex analysis with the Forex charting software

Forex Tester is a software that simulates trading in the Forex market, so you can learn how to trade profitably, create, test and refine your strategy for manual and automatic trading.

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