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What indicators do you use the most? and why?
Jul 23, 2017 at 13:57
Member Since Jul 22, 2017
3 posts
I am studying the technical analysis now, and I believe each trader has different preference on the indicators to use.
But I am wondering if what indicators you guy use the most, and why it is working effectively.
Thank you so much in advance for your advice!
Tak
But I am wondering if what indicators you guy use the most, and why it is working effectively.
Thank you so much in advance for your advice!
Tak
Member Since Dec 11, 2015
1462 posts
Jul 25, 2017 at 13:41
Member Since Dec 11, 2015
1462 posts
I occasionally use Bollinger Bands, but apart from that I am trying to learn how use pure price action with no indicators.
Aug 02, 2017 at 07:51
Member Since Feb 12, 2016
507 posts
The indicators does not forecast the market. They uses chart data already displayed as bars, candles etc, but with different visualization. Trend indicators will mislead you during choppy, and oscillators during the trending market. Studding indicators is easy, but most important is to understand which market you are dealing and then to choose which indicators to apply :)
Member Since Dec 11, 2015
1462 posts
Aug 06, 2017 at 12:32
(edited Aug 06, 2017 at 12:32)
Member Since Dec 11, 2015
1462 posts
Wamski posted:
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
Aug 08, 2017 at 10:30
Member Since Feb 06, 2017
29 posts
mlawson71 posted:Wamski posted:
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
nah its like an indicator/EA that shows bars but these bars shows when the market is bullish or bearish.
Tomorrow is far away but yesterday is so close.
Member Since Dec 11, 2015
1462 posts
Aug 08, 2017 at 12:54
Member Since Dec 11, 2015
1462 posts
Wamski posted:mlawson71 posted:Wamski posted:
RENKO BARS shows better PRICE ACTION
Do you have any recommendation about reading material from which I can learn more about renko bars?
nah its like an indicator/EA that shows bars but these bars shows when the market is bullish or bearish.
Yes, I know what it is, my point was how to use it most effectively?
Aug 09, 2017 at 06:30
Member Since Feb 06, 2017
29 posts
that an example of renko chart showing a better Support and Resistance zone along with showing better trends
Tomorrow is far away but yesterday is so close.
Member Since Dec 11, 2015
1462 posts
Aug 09, 2017 at 13:12
Member Since Dec 11, 2015
1462 posts
Do you use any other indicator, apart from renko bars?
Member Since Jul 23, 2020
816 posts
Member Since Jul 19, 2020
33 posts
Aug 25, 2020 at 08:03
Member Since Jul 19, 2020
310 posts
Personally I do not use any indicators. I trade based on price action. I follow candles, candlestick and price behavior in terms of support and resistance. You have to find out which indicators work for you or you understand the most.

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