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Reading time: 15 min

Purple Indicators

Your anchor in the technical analysis' waters

 

Try out any of our own indicators for free and bring a fresh blood into you trading. You can use them on both real and demo accounts.

Be one step ahead and detect an oversold market with Purple Bands indicator in time

If you’re looking for a functional forex indicator that will help you detect potentially interesting trading opportunities and thus improve your chances for success, your search is over! Allow us to introduce the Purple Bands indicator.
 

The Purple Bands indicator is a nocturnal creature that draws price levels every night at midnight for the following 24 hours. Developing the indicator, we paid attention to the generally known weaknesses of competitive indicators and tried to avoid them. As a result, the Purple Bands Indicator is unlike its competitors. It does not redraw any already drawn price levels.

 

The drawn price levels enable traders to detect overbought or oversold situations on the market and related subsequent decreases or increases. The accuracy of these predictions is as high as 80%.

 

In the video below, you’ll see how to put the Purple Bands indicator into action and how to use it.

Let's download Purple Bands Indicator now!

The Purple Indicator works on our Real and Demo accounts.

Purple Strike Indicator will help you monitor trends

When developing this indicator, we combined complicated with simple. Does that sound like an oxymoron? Not in the case of the Purple Strike Indicator! It draws the starting trading trends on the basis of complicated mathematical calculations in a completely understandable and simple way. We promise that you’ll get used to it in no time.

 

To give the indicator even more well deserved praise, this indicator was developed to avoid mistakes that we noticed with our competitors. The Purple Strike Indicator:

 
  • Does not perform redrawing on already closed candles

  • Displays minimal false signals

  • Does not furiously redraw colours every second

  • Frequently signals a trend from the beginning to the end 

  • Once it signals the trend, it’s not affected by correction anymore


The following video will show you how to work with the Purple Strike indicator and how to put it into operation.

Let's download Purple Strike Indicator now!

The Purple Indicator works on our Real and Demo accounts.

For extreme market situations - Purple Extreme Indicator

The indicator has been developed to withstand even the most extreme market situations and uses them to collect information. It has been designed to give users’ transparency and accessibility.  Sure, the Purple Extreme indicator may not be the best-looking indicator out there, but has some serious muscle and that’s what extreme situations are all about. 
 

4 colours are enough, honey

 

Using 4 colours, Purple Extreme Indicator helps you distinguish extreme overbought or oversold market status:

 
  • Yellow – colour of the price level line.

  • Mint green – if the price level is found in this area, it means an overbought market and strong rising trend, with the probability of turnover and downward movement. 

  • White – this is a neutral zone where the ratio between buyer and seller is more or less balanced. In the middle of this zone, there’s an intermittent zero line. crossing this line means the prevalence of buyers or sellers (depending on the direction).

  • Red – the price level in this colour area is distinguished by a strongly oversold market and a dropping trend, where a turnover may occur soon with an upward movement.

 

As we all know, nothing is perfect and that includes our Purple Extreme Indicator - thus, you should not rely solely on this indicator. However, that does not mean that by its use (or in combination with other indicators), you won’t gain a significant overview of the balance or strengths in the market On the contrary it shall be of great help for you to decide when to open or close a position.

 

How to work with this indicator and put it into operation? Find out in this video:

Let's download Purple Extreme Indicator now!


The Purple Indicator works on our Real and Demo accounts.

Purple Levels - A trustworthy detector of market movements

Every analytic working for major banks or financial institutions is carefully watching them, every trader who takes Forex seriously is focusing on them. Thanks to our Purple Levels indicator you won’t miss out on support and resistance levels neither! We have developed it in a way so that support and resistance are automatically drawn based on tracking of the massive amount of historical price levels data. 

 

Main attributes of Purple Levels:
 

 
  • Automatically draws Support and Resistance levels

  • Can be used on any instrument and timeframe 

  • Extreme user-friendliness

Would you like to know exactly how
our indicators work?

Ask Adam.

adam@purple-trading.com
+420 228 884 711 Mon - Fri, 8-16h (CET)
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