In terms of market indicators, what best describes external indicators?

External indicators are often defined as those metrics that arise from the broader market environment but do not have a significant impact on market trends themselves. They can include factors such as economic data, interest rates, or geopolitical events that provide context to market movements without necessarily driving them.

The core characteristic of external indicators is that they reflect conditions that may affect investor sentiment or economic landscape, but they are not primary drivers of price movements within the market. Instead, their role is more about providing insight or context rather than directly influencing price actions. This distinguishes them from other types of indicators that are more directly tied to market behavior and price trends.