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What indicators do you use the most? and why?

Tak (tak1983jp)
Jul 23 2017 at 13:57
2 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
mlawson71
Jul 25 2017 at 13:41
1487 posts
I occasionally use Bollinger Bands, but apart from that I am trying to learn how use pure price action with no indicators.
Baldo (BaldoN)
Aug 02 2017 at 07:51
522 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 :)
Zeus888
Aug 03 2017 at 06:23
15 posts
Price action is king as they say.... The only indicator I like it ATR. I use it to help identify intra day TP levels
Tiffany (TiffanyK)
Aug 04 2017 at 13:42
427 posts
I use spread indicators (the most simple ones) and also RSI because I trade on market action.
Accept the loss as experience
wamiikechukwu (Wamski)
Aug 06 2017 at 06:39
31 posts
RENKO BARS shows better PRICE ACTION
Tomorrow is far away but yesterday is so close.
mlawson71
Aug 06 2017 at 12:32
1487 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?
AniLorak
Aug 06 2017 at 14:40
920 posts
I’m using only Moving Average trading tool in my trading chart! It shows me dynamic support and resistant line so keenly! By the way, I am a news trader mainly!
wamiikechukwu (Wamski)
Aug 08 2017 at 10:30
31 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.
mlawson71
Aug 08 2017 at 12:54
1487 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?
LogiBear
Aug 08 2017 at 14:54
9 posts
How do renko bars show better price action than normal candles?
wamiikechukwu (Wamski)
Aug 09 2017 at 06:30
31 posts
that an example of renko chart showing a better Support and Resistance zone along with showing better trends

Attachments:

Tomorrow is far away but yesterday is so close.
mlawson71
Aug 09 2017 at 13:12
1487 posts
Do you use any other indicator, apart from renko bars?
wamiikechukwu (Wamski)
Aug 10 2017 at 06:29
31 posts
Pivot
Tomorrow is far away but yesterday is so close.
AniLorak
Aug 13 2017 at 06:30
920 posts
Moving Average (EMA) is my most favorite trading indicator because it shows dynamic support and resistant levels.
LyudmilLukanov
Aug 21 2020 at 16:26
825 posts
I used most of the Ichimoku Kinko Hyo indicator. This indicator helps to find quality trading opportunities in the trading market, establish price momentum, and plot decisive support and resistance bands.
CirillaCosta
Aug 24 2020 at 06:49
34 posts
Always try to think with your mind when you are going to trade in the forex market. Your emotion can put you in great danger.
Moreno Rodrigez (MRodrigez)
Aug 24 2020 at 10:01
168 posts
I use moving averages as reference point for trends and price for entries and exits. It works for me because at the end only price pays.

😄
Michihito
Aug 25 2020 at 08:03
298 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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