Indicator Academy

33 indicators, including what each one cannot do

Every module gives the formula, the settings that suit each trading style, how to read it in a trend versus a range, a worked example, a worked failure, and the tools it is redundant with.

Simple Moving Average

01

The average closing price over a fixed number of completed candles.

trendBeginner friendly

Exponential Moving Average

02

A weighted average of closes that gives more weight to recent candles.

trendBeginner friendly

Weighted Moving Average

03

A linearly weighted average: the most recent close carries weight n, the oldest weight 1.

trend

Moving Average Convergence Divergence

04

The difference between two EMAs, plus a signal line and a histogram of their gap.

momentumBeginner friendly

Directional Movement Index with ADX

05

Whether a market is trending (ADX) and in which direction (+DI versus −DI).

trendBeginner friendly

Parabolic SAR

06

A trailing stop-and-reverse level that accelerates toward price as a trend extends.

trend

Ichimoku Kinko Hyo

07

Trend, support/resistance and momentum in one framework using midpoints of past ranges.

trend

SuperTrend

08

An ATR-based trailing band that flips side when price closes through it.

trendBeginner friendly

Linear Regression Channel

09

The best-fit straight line through recent closes, with channel lines at a chosen deviation.

trend

Aroon

10

How recently the highest high and lowest low of the lookback occurred.

trendBeginner friendly

Vortex Indicator

11

Upward and downward pressure by comparing candle-to-candle range extensions against true range.

trend

Triple Exponential Average

12

The rate of change of a triple-smoothed EMA, designed to strip out short-term noise.

momentum

Kaufman Adaptive Moving Average

13

A moving average that speeds up in trends and slows down in noise, using an efficiency ratio.

trend

Relative Strength Index

14

The ratio of average gains to average losses over n candles, scaled 0–100.

momentumBeginner friendly

Stochastic Oscillator

15

Where the close sits within the high–low range of the last n candles.

momentumBeginner friendly

Stochastic RSI

16

Where RSI sits within its own recent range — a stochastic applied to RSI rather than price.

momentum

Commodity Channel Index

17

How far the typical price sits from its moving average, in units of mean deviation.

momentum

Williams %R

18

Where the close sits relative to the n-candle high, on a −100 to 0 scale.

momentumBeginner friendly

Momentum and Rate of Change

19

How far price has moved over a fixed number of candles, in absolute or percentage terms.

momentumBeginner friendly

Awesome Oscillator

20

The difference between a 5- and 34-period simple moving average of candle midpoints.

momentumBeginner friendly

Ultimate Oscillator

21

Momentum across three timeframes at once, to reduce the false divergences of single-period oscillators.

momentum

DeMarker

22

Demand for the instrument by comparing successive highs and lows, scaled 0–1.

momentum

Average True Range

23

Average candle range including gaps — the single most useful input to stop placement and sizing.

volatilityBeginner friendly

Bollinger Bands

24

A moving average with bands placed a number of standard deviations above and below it.

volatilityBeginner friendly

Bollinger BandWidth

25

The width of the Bollinger Bands relative to the middle band — a normalised volatility reading.

volatilityBeginner friendly

Keltner Channels

26

An EMA with channel lines placed a multiple of ATR above and below.

volatilityBeginner friendly

Donchian Channels

27

The highest high and lowest low of the last n candles, with their midpoint.

levelsBeginner friendly

Standard Deviation

28

The dispersion of closes around their mean over a lookback period.

volatility

Chaikin Volatility

29

The rate of change of the smoothed high–low spread.

volatility

Pivot Points

30

Reference support and resistance levels derived from the previous period's high, low and close.

levelsBeginner friendly

Fibonacci Retracement

31

Proportional retracement levels of a measured swing.

levelsBeginner friendly

Volume Weighted Average Price

32

The average price weighted by volume since a session start.

levelsTick volume

On-Balance Volume

33

A running total that adds volume on up-closes and subtracts it on down-closes.

levelsTick volume

A note on volume. Spot forex is decentralised, so there is no central tape. Indicators marked “tick volume” use the number of price updates from a single broker's feed as a proxy for activity — readings differ between providers and are not traded contract volume.