A trend indicator is a technical indicator that is used to determine the direction of the forex market. There are numerous factors that influence the market trend's direction. As a result of these variables, the trend has shifted. Trend indicators were employed by forex traders to make profitable trades. The sorts of trend indicators are as follows:
Price Action
Price is a crucial factor to consider. All of the indications point to the market's pricing. The higher highs and lower lows of the trend in the price chart must be understood.
The Moving Average (MA)
This is another forex trend indicator. When the price is above or below its moving average, it indicates a bearish or bullish market. The slope of the moving average can be used to calculate the magnitude of the trend on the chart.
The parabolic Stop and reverse(PSAR) .This is mostly used to determine a short-term trend, as well as to enter and exit trades, as the name "stop and reverse" suggests.
There are many indicators to pick from, and for best results, choose one that matches the market style.