Best trading indicators?

In my Journal "General Comments for Traders" I show charts that include only a
VWAP (several time frames), a 20ema and Volume Profile. What I suggest to folks
who are trying to find their way, is that the specific indicator is not as important
as HOW it is used. As with most professions, its not the tools but the skills of the
practitioner that matter. I offer some ideas for those trying to make the transition
to professional status
 
Sekiyo said:
IF price < sma200 THEN don't buy especially if sma200 is slopping down
IF price > sma200 THEN don't sell especially if sma200 is slopping up

Paul Tudor Jones:
My metric for everything I look at is the 200-day moving average of closing prices.
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%%
Good + great;
Don channels can work well+ Turtle channels.
And Olympic champ Lori LoLo Jones watches what she eats.........................
 
Elison0 said:
Which are the best indicators in technical analysis?
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Some widely used indicators include moving averages, relative strength index RSI, MACD , Bollinger Bands, and Fibonacci retracement levels. However their efficiency is limited according to my experience due to their lagging nature.
 
ForexCrusader said:
For me it’s patterns. Patterns, especially harmonic patterns, can offer valuable insights into market movements. You can use this as a reference to learn about harmonic patterns:

https://insights.primecodex.com/cypher-harmonic-pattern

https://insights.primecodex.com/butterfly-harmonic-pattern

https://insights.primecodex.com/gartley-harmonic-pattern

https://insights.primecodex.com/bat-harmonic-pattern
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Harmonic patterns are geometric price formations that use Fibonacci retracement and extension levels to identify potential reversal points in financial markets. These patterns, such as the Gartley, Bat, Butterfly, and Crab, are characterized by specific ratios between price waves. In my view the way how these patterns describe price movements are too simplified, prices move in non-linear fashion with stochastic component, i.e. there is always degree of randomness in their movements which you can't quantify precisely.
 
In forex trading, a combination of indicators is often used to analyze market conditions and make trading decisions. Moving Averages (MA) smooth out price action, while the Relative Strength Index (RSI) helps identify overbought or oversold conditions. The MACD (Moving Average Convergence Divergence) indicates trend strength and direction, while Bollinger Bands highlight volatility and potential reversal points. Fibonacci Retracement Levels aid in identifying support and resistance areas, and the Ichimoku Kinko Hyo provides comprehensive trend, momentum, and signal information. Stochastic Oscillator identifies overbought or oversold levels, while Average True Range (ATR) measures market volatility. Combining these indicators helps traders confirm signals and manage risk effectively.
 
Personally I prefer moving average to other indicators because I believe moving average provides the best prediction on the market.
 
SmithFX said:
Personally I prefer moving average to other indicators because I believe moving average provides the best prediction on the market.
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admit upfront my addiction to indicators, both use and study, might be unhealthy..... if so, it's my only bad habit.....

most indicators are moving averages of some sort..... just a collection of values moving about..... that group would contain well over 90% known indicators.....

large part of the remaining indicators move in untraditional ways..... like legs...... but still are moving.....

all that aside, you are probably referring to moving averages in the traditional sense......

was truly wondering, because they interest me so much, how are you using them as a prediction......

thanks......h
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