What is the best indicator?
Please recommend a good indicator for trading.
Recommendations of any commercial indicators or EAs are not allowed.
Please recommend a good indicator for trading.
Coin :)
Let me know also an indicator that can use for scalping.
price itself is good for scalping.
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Scalping
The forum
- Heiken_Ashi_Ma_T3 indicator for Mr.Nims, Renko Ashi Scalping System - the forum thread
- Something to Read - Forex Price Action Scalping: an in-depth look into the field of professional scalping - blog post
- Zigzag Scalping system thread
- Simple Ichimoku Scalping - forum thread
- Pivot Scalper using Pivot Points - Daily (Shifted) - the thread
- Scalping - forum thread with indicators and EAs
- Scalping system - forum discussion thread
The articles
- Comfortable Scalping- the article
- Implementing a Scalping Market Depth Using the CGraphic Library - the article
CodeBase
- LotScalp - expert for MetaTrader 4
- Multi-currency night scalper - Night Scalper Multi - expert for MetaTrader 5
- 5 Minutes Scalping System - indicator for MetaTrader 4
- 5MinutesScalpingEA - expert for MetaTrader 4
- Safe Trend Scalp - expert for MetaTrader 4
- Scalping With Virtual Pending Orders - expert for MetaTrader 4
- Gonna Scalp - expert for MetaTrader 4
- Angry Bird (Scalping) - expert for MetaTrader 4 - the settings and trades - look at this post.
- Waddah Attar Scalping for MetaTrader 4
- Scalp All - script for MetaTrader 5
The eyes !
Coin :)
:D...
price itself is good for scalping.
----------------
Scalping
The forum
- Heiken_Ashi_Ma_T3 indicator for Mr.Nims, Renko Ashi Scalping System - the forum thread
- Something to Read - Forex Price Action Scalping: an in-depth look into the field of professional scalping - blog post
- Zigzag Scalping system thread
- Simple Ichimoku Scalping - forum thread
- Pivot Scalper using Pivot Points - Daily (Shifted) - the thread
- Scalping - forum thread with indicators and EAs
- Scalping system - forum discussion thread
The articles
- Comfortable Scalping- the article
- Implementing a Scalping Market Depth Using the CGraphic Library - the article
CodeBase
- LotScalp - expert for MetaTrader 4
- Multi-currency night scalper - Night Scalper Multi - expert for MetaTrader 5
- 5 Minutes Scalping System - indicator for MetaTrader 4
- 5MinutesScalpingEA - expert for MetaTrader 4
- Safe Trend Scalp - expert for MetaTrader 4
- Scalping With Virtual Pending Orders - expert for MetaTrader 4
- Gonna Scalp - expert for MetaTrader 4
- Angry Bird (Scalping) - expert for MetaTrader 4 - the settings and trades - look at this post.
- Waddah Attar Scalping for MetaTrader 4
- Scalp All - script for MetaTrader 5
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 framework!!!
thats it
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.
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