Which are your favourite indicators?

[Shing1985]

Which are your favourite indicators and why?

 

[Fenrikora]

I don't see any difference in what indicator a trader uses.
The most important thing is that you can understand it and use it in practice, because we are all different and it will not be possible to create some universal algorithm for trading.

 

[Nihuginn]

It seems to me that trading by levels is the most popular now, respectively, and the indicators that indicate the levels are currently the most effective and frequently used. All the more so because it is beneficial for the long-term perspective.

 

[Electric Rainbow]

Moving Average Convergence/Divergence (MACD) is a Forex indicator designed to gauge momentum. Not only does it identify a trend, it also attempts to measure the strength of the trend. In terms of giving you a feeling for the strength behind the move, it is perhaps the best indicator for Forex.

 

[mrindice]

Which are your favourite indicators and why?

All indicators are lagging but patterns based on them work in some setups so I use MACD, RSI and a couple of EMA to understand characteristics of recent price moves such as momentum, direction of trend or its absence, etc.

 

[Landa]

Trend indicators are most suitable for the long-term perspective. Because they display reality in real terms (sorry for the tautology...)

 

[2iquelo]

Now I realized that the last time I thought about it was in the era of incredible popularity of Fibo.
Yes, it was a truly interesting time.

 

[maby84]

There are many indicators one can use, and it all boils down to what one prefers. I suggest using different ones as they can give a better idea.

 

[RainbowRain]

I like CCI, and also MACD, which shows not only the strength of the trend movement, but also its weakness when a divergence is formed on it.

 

[Aaron_0]

My favorite indicators are moving averages for trend direction, RSI (Relative Strength Index) to spot overbought/oversold conditions, and ATR (Average True Range) for gauging volatility and setting stops. These tools are simple, reliable, and versatile, helping with trend-following, momentum confirmation, and risk management in various market conditions. Always combine them with price action for better insights.