Recommendations of any commercial indicators or EAs are not allowed.
price itself is good for scalping.
The eyes !
Thank you very much
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
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.