What indicators do you use the most? and why?
Jul 23, 2017 at 13:57
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18 Replies
Jul 23, 2017 at 13:57
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
1487 posts
Jul 25, 2017 at 13:41
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
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
1487 posts
Aug 06, 2017 at 12:32
(edited Aug 06, 2017 at 12:32)
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
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
1487 posts
Aug 08, 2017 at 12:54
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?
Member Since Dec 11, 2015
1487 posts
Aug 09, 2017 at 13:12
Do you use any other indicator, apart from renko bars?
Member Since Jul 23, 2020
869 posts
Aug 21, 2020 at 16:26
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.
Member Since Jul 19, 2020
34 posts
Aug 24, 2020 at 06:49
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.
Aug 25, 2020 at 08:03
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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