![]() On the other hand, a lagging indicator informs the trader of the new trend while it is happening in that moment. When analysing a price chart for market trends, a leading indicator will inform traders before the new trend or reversal happens. ![]() There are two main types of technical indicators used for trading in MT4, which are known as leading and lagging indicators. This is because day trading strategies aim to take advantage of small price movements by closing out the position before the end of the day. Time is also a very important factor in choosing the right indicator, as profits and losses can exceed one another within a matter of seconds in a short-term trade, such as day trading. In particular, traders aim to identify support and resistance levels to see how an asset is fluctuating in price. Technical indicators demonstrate trend lines on a price chart. ![]()
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