Indicators without redrawing are a separate category of technical indicators intended for the foreign exchange market. Many traders believe that they are particularly efficient and accurate. With conventional indicators, false signals occur more often. As a result, it leads to losses.
Financial instruments without redrawing have special analytical algorithms. They allow you to increase the accuracy of signals to enter the market. The main advantages include:
- full analysis of price indicators;
- the ability to assess the history of any asset;
- correct check.
Working with such tools, do not be afraid of any changes. Such circumstances will help the trader to make the right decision. Unfortunately, many newbies simply do not know about the existence of such algorithms. They continue to believe in the imperfection of technical analysis.
Take note of a summary of the most successful indicators without redrawing:
- PZ_SwingTrading;
- ZigZag Larsen;
- Kwan NRP;
- RSX MA – arrows;
- Trend Master;
- Trend Focus.
The Trend Wave algorithm deserves special attention. It is well proven when working with oversold and overbought zones.