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Thread: what is the best indicator???
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    Meta trader 4 provide some default indicators. i think all are best. we have to study our favorite. if we study well then we can make good money on the forex market by using these indicators. but we have need to learn all factors of these indicators.

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    It may be vary according to your experience and which strategy is you going to implement on you trade.Moving average is the ideal for newbies and most of the expert trader take guidance from this indicators to place the order and achieve their goals.

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    'the best indicator ' varies from individual to individual. and also varies from system to system when you are trading and you find that one indicator is giving you good results then thats the best for you but mayn't be the best for somebodyelse

    Different traders use different indicators and this is true. Here you can’t argue which indicator is the best, but there is a single indicator that everyone can see but few know how to use it and how to improve their trading with it. This indiction is a price that is always before our eyes, but few people pay attention to it and do not know how to use it during trading.

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    Quote Originally Posted by Mastadon View Post
    'the best indicator ' varies from individual to individual. and also varies from system to system when you are trading and you find that one indicator is giving you good results then thats the best for you but mayn't be the best for somebodyelse

    Different traders use different indicators and this is true. Here you can’t argue which indicator is the best, but there is a single indicator that everyone can see but few know how to use it and how to improve their trading with it. This indiction is a price that is always before our eyes, but few people pay attention to it and do not know how to use it during trading.
    Talking about the best indicators actually depends on the user, each individual must have a different opinion. In fact, neither indicators nor techniques are 100% accurate, there must be weaknesses. depending on each person to minimize these weaknesses.

    Of all the indicators, we are actually talking about two major groups of indicators themselves, namely oscillator indicators and trend indicators.

    Of the many indicators that have been modified, actually the origin comes from the two types of indicators, oscillators and trends. Oscillators have a role to know the oversold and overbought areas while the trend serves as an ongoing trend dominance detection tool. Well, to make a decision from what indicators we want to use, you determine it yourself.

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    Oscillator and MACD indicators are indeed good when combined with moving averages. Because, between oscillators (MACD) with moving averes have their own way of working. MACD is more likely to analyze the saturation point of a market, while moving averages are useful for analyzing market trends.

    If you can combine these two types of indicators, chances are that you will know whether the market trend will continue or if there is a saturation indication that allows a trend reversal.

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