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Posted

Re: best indicator

 

I don't think there is a "best" indicator as most, if not all indicators are laggers and a form of moving average in one way or another. If you put all the indicators side by side, you will see that most of them tell the same story. Hence, a simple moving average and stochastic will do for me. The other "indicator" I use is higher high, higher low, lower high, lower low. ;)

Posted

Re: best indicator

 

May I suggest just eyeballing the Daily chart for the overall direction/trend.

Move down to H4 or H1 to see the intermediate trends and M15 for the short term trend.

Always use trade with trend indicated in the higher timeframe.

eg if trading the M15 then use the H1 or H4 to identify the trend.

Posted

Re: best indicator

 

before using any indicator its wise to learn to read a naked chart , especially intraday ...then u can choose what indicators are for you ...

 

this is my opinion ... enjoy trading

Posted

Re: best indicator

 

One of the most useful indicators in my opinion is ADX. As we all know, the best profits come from trading the strongest trends and avoiding range conditions. ADX not only identifies trending conditions, it helps the trader find the strongest trends to trade.

Posted

Re: best indicator

 

Best indicator are the combination of

 

1 ADX (+Directional movement & -Directional movement)

Help to know the trend.

2. MACD histogram (Dr Elder histogram)

3. Bill william profitunity.

 

Regards,

Krishna

Posted

Re: best indicator

 

Re Best indicators

I think your choice of indicator will be determined by the type of trader u are.either a scalper,day trader or position trader.

Frankay

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