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  Latest
How To Install Metatrader 5 Custom Indicators May 9, 2022
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Leading Indicator

Mira Team by Mira Team
January 5, 2021
in Forex Terms
Reading Time: 1 min read
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Definition – What does Leading Indicator mean?

A leading indicator is a data point, formation or piece of information that comes before an event occurs. A leading indicator is usually measurable economic factor that changes before an economic event, such as a favorable employment and housing report leading up to an improved GDP figure for the year. To be an effective leading indicator, the data point must be highly correlated to the event.

ForexTerms explains Leading Indicator

If a measurable change consistently precedes the event then the event can be accurately forecasted by watching the leading indicator. That said, leading indicators can send false signals or fail to act consistently. This has led to traders monitoring multiple leading indicators. By collecting signals from all the leading indicators and assigning them a weight, traders can calculate the probability that an event will occur. If the probability is high, they can take up a position where they will profit from the outcome.

ⓘ Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

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