What is the best indicator?

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ranamd
51
ranamd  
Please recommend a good indicator for trading. 
Keith Watford
Moderator
23293
Keith Watford  
ranamd:
Please recommend a good indicator for trading. 

Stochastic.

Recommendations of any commercial indicators or EAs are not allowed.

Szymon Palczynski
18464
Szymon Palczynski  
ranamd:
Please recommend a good indicator for trading. 

Coin :)

rifatahammed857
16
rifatahammed857  
Let me know also an indicator that can use for scalping.
Sergey Golubev
Moderator
115780
Sergey Golubev  
rifatahammed857:
Let me know also an indicator that can use for scalping.

price itself is good for scalping.

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    stanislass
    211
    stanislass  

    The eyes !

    fx addict
    387
    fx addict  
    Szymon Palczynski:

    Coin :)

    :D...

    ranamd
    51
    ranamd  
    Sergey Golubev:

    price itself is good for scalping.

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      Thank you very much

      constantin p
      14
      constantin p  

      the best indicator is the one u use for your strategy and know inside out...there is no secret. do your homework, study charts and trade your OWN framework!!!

      thats it

      Yossarian Escobedo
      19081
      Yossarian Escobedo  
      ranamd:
      Please recommend a good indicator for trading. 

      Your top priority should be to look for indicators that fit your own personal psychology. 

      As an indicator that fits well for one trader, might not fit well for someone else. 


      WITH THIS BEING SAID, HERE IS SOMETHING TO THINK ABOUT: 

      Institutional traders use moving averages more than ANY other indicator (by far). 


      And regardless of the time frame that they operate in (daily, weekly or monthly) the entire institutional world

      keeps track of the 200 day moving average across all the major instruments that affect their operations.

      As this serves as an over-arching barometer on overall sentiment.   



      WHY ARE MOVING AVERAGES SO POPULAR??

      Because they are the simplest way to evaluate dominant trends. And since the vast majority of institutions are generally

      trying to stay on the same side of the global capital flows, they will mostly follow what all the other institutions are doing.   

      Creating a very powerful feedback loop (and self-fulfilling prophecy).



      ARE MOVING AVERAGES RIGHT FOR YOU??

      Only you can answer this question. 


      Some traders like moving averages. And other traders do not. This is a personal decision and subjective in nature.

      But it still does not change their relevance across the institutional world.  So if you want to 'see' what the institutions

      are looking at, then moving averages are a good indicator to consider.



      I hope you can find this helpful for your long term development.

      And best of luck with your trading going forward. 

      Balachandran Chandrasekar
      9374
      Balachandran Chandrasekar  
      Intuition
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