What indicators do you use the most? and why?

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

I occasionally use Bollinger Bands, but apart from that I am trying to learn how use pure price action with no indicators.

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 :)

Price action is king as they say.... The only indicator I like it ATR. I use it to help identify intra day TP levels

I use spread indicators (the most simple ones) and also RSI because I trade on market action.

RENKO BARS shows better PRICE ACTION

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?

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!

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.

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?

How do renko bars show better price action than normal candles?

that an example of renko chart showing a better Support and Resistance zone along with showing better trends

Do you use any other indicator, apart from renko bars?

Pivot

Moving Average (EMA) is my most favorite trading indicator because it shows dynamic support and resistant levels.

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.

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.

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.

😄