Create your own Technical Indicators

While there are dozens of indicators included standard with ForeXecutor, there are still many more that can be applied, as well as new indicators that are always being created. Now, you can create your own indicators with the help of our Intelliscript program.  Adjust the parameters and criteria of the indicators, thus allowing you to easily view the market movements and trends you are searching for.

Intellicharts lets you build your own indicators and modify existing indicators using Forexecutor’s unique programming language, forex language. Forex Language is relatively easy to understand and use, especially for those with some basic programming experience.

For example, let’s say you want to build a modified version of the MACD indicator, which uses exponential moving averages to detect price trends and generate buy and sell signals. You could start with the base code for the MACD, which is displayed within the Intelliscript interface. You can then edit, add or remove parts of the code to tailor the indicator to your specifications, such as changing the number of days used in the moving average calculation, thus creating a customized indicator. You can then easily install your new indicators within Forexecutor by applying them to the charts at any time.