What is an Indicator?
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They are mathematical models that give an idea about the direction of the price or the continuation of the trend in technical analysis. The Turkish equivalent of indicators is indicative. Indicators are the most important technical analysis tools that guide the investor regarding the direction change in the market. Investors trading in the Forex market can access the most used indicators at the click of a button on the Meta Trader 5 Platform.
What is an Osilator?
While prices are moving in a horizontal band in non-trend markets, the indicators that detect correction levels within the trend are called OSILATORS. When the oscillators are inconsistent with the graph, it gives the idea that the trend is ending. Most oscillators have a zero line or reference range that generates the signal. It is interpreted together with the price chart according to the state of the oscillator relative to the zero line or where it is in the reference range.