Which Technical Indicator is best?

[Ackireseyer 56]

If most people chose good indicators they would not make as many mistakes when trading.

[Cryptonix 135]

This is probably the most popular indicator of all existing ones. The moving average is designed to smooth the price chart and identify the main trends on it. It is calculated in such a way that at each point it provides information about prices for a certain period of time. This time period is called the moving average period.

[IvanVynyavsky 79]

i like to use RSI pretty good indicator. I also pay attention to the MACD, it's not exactly indicators, but it also pays attention. BB is also an interesting indicator

[Backtomiami 45]

The answer is simple - trading on the news. In other words, you should stick to certain articles and resources that have news about a particular currency. This can be a simple economic calendar, or specialized sites with similar news. This can be FinMAX, the Bloomberg site, Seeking Alpha, and so on. The main thing is to be able to search for the information you need on such resources. It is always there in a specialized section called "market news", or something similar. Therefore, I can safely recommend this method of trading, because it does not require investment, is quite qualified in terms of sources and is easy to use.

[Onden 2098]

In my opinion, the best technical indicator is a moving average, this indicator is an indicator that follows a bullish trend or a bearish trend. In short, an uptrend is when the price of a currency pair is above its MA and a downtrend is when the price falls below it. Profit from the moving average, showing potential support and resistance levels.

[Oxygen99 1930]

The best indicator to me is one should just make he/she knows the market well because by that one can be able to trade coins to make good reasonable profit but the problem is that we can't achieve that unless we have good background about Cryptocurrency which is why i am advising us to concentrate in terms of learning more about Cryptocurrency and it related activities in this forum so that we won't face much difficulties in the future.

[Goyaa 2414]

In my opinion, Bollinger Bands (BB) is the best, Bollinger Bands is also a technical indicator that can detect oversold and overbought conditions. Bollinger Bands can actually help you to measure market volatility and estimate the range (range) of price movements. This indicator consists of three lines that move following price movements, namely the Upper band
Middle band
Lower down.

Edited November 3, 2020 by Goyaa

[George10 9932]

In my own experience regarding technical indicators I have tried many of them and came out with the ones I see to best and these are ichimoku,RSI and moving average because just by using these indicators mentioned above I can generate some cool profits in Forex trading while as crypto.

[ayatoslaw 858]

4 hours ago, George10 said:

In my own experience regarding technical indicators I have tried many of them and came out with the ones I see to best and these are ichimoku,RSI and moving average because just by using these indicators mentioned above I can generate some cool profits in Forex trading while as crypto.

If you add MACD and Fibonacci Retracement indicators it will be more perfect, especially Fibonacci Retracement Indicator, it will help you find reversal point, and this indicator is very often used by beginner and professional traders alike.

[Froshk 1828]

On 4/19/2020 at 8:42 AM, CryptoMaxim said:

I have used such signals more than once and it did not lead to anything supernatural. Maybe it's because the sources were bad or because I trade short-term orders.

@CryptoMaxim I totally agree with you, choose an indicator nowadays requires more than just choosing, me has to know and keep learning about them. Also I think trade term those not necessarily affect indications 

[Whited35 15285]

On 11/3/2020 at 1:52 PM, ayatoslaw said:

If you add MACD and Fibonacci Retracement indicators it will be more perfect, especially Fibonacci Retracement Indicator, it will help you find reversal point, and this indicator is very often used by beginner and professional traders alike.

MACD still has some remarkable demerits however Fibonacci Retracement indicators can be still good option to predict support or resistance level. Only one limitation that I have encountering with this indicator is, sometime it can not give assurance whether price of entity will get stopped its determined mark or not. 

[ayatoslaw 858]

On 11/5/2020 at 5:53 AM, Gord Crypto said:

Many indicators are almost identical, with slight variations. One can be based on percentage movements while the other can be based on dollar movements (PPO and MACD). Also, indicators can be part of the same "family". Examples include MACD, stochastics, and RSI. Although they may appear slightly different, usually just using one is sufficient. Having all three on your chart will not increase your trading chances,

You don't have to use all indicators simultaneously, just two or three indicators are enough, because the more indicators you use will make it difficult for you to make decisions.

16 hours ago, Whited35 said:

MACD still has some remarkable demerits however Fibonacci Retracement indicators can be still good option to predict support or resistance level. Only one limitation that I have encountering with this indicator is, sometime it can not give assurance whether price of entity will get stopped its determined mark or not. 

If you are in doubt you can use other indicators when determining areas of support and resistance, and use Fibonacci Retracement indicator only as an addition )

[Khan 1414]

There are many but every trader use their own best one which they will get the best output from and if the trader can afford custom indicators then the developed their own custom indicators. 

[Tine0313 3053]

Technical indicators are use by the most of day traders as a basis for trading and i think you can use what you want to use like Fibonacci or the Ma since it is simple to use. 

[Omar Ommeish 4872]

There are many indicators that you can rely on, but I advise you not to rely on one indicator only because this is wrong and you must benefit from all indicators together so that you can read the best result these indicators give you.

[SuperCrypto 7193]

One of the most effective indicators is the modest moving average. Because it is something that many other traders follow, and as such it lends a measure of credibility because many people watch it. However, it goes a bit further because it also gives you an idea of what the trend might be for the time frame it is trading.

[Razan alikac 1899]

Types of technical indicators?

 Trend indicators

 Momentum indicators

 Volume indicators

 Liquidity indicators

 Moving average indicator

 RSI indicator.

 Volume Oscillator.

 Bollinger Bands Indicator
 These indicators are easy to understand
 There are other technical indicators such as the MACD indicator, which provides useful insights, but it is complex and difficult to understand. It is better for traders to test their knowledge of these indicators on a demo account.
 Traders are advised to use it wisely and not rely on just one indicator.

[Hamza 2.2 631]

In my point of view the best technical indicator is your own comprehension of the market, to enter not the entire cutlet and to move toward your activities with a cool mentality, and comprehend that pointers aren't anything in this market.

[Smallingcane012 344]

The technical indicators that is best is the one you use and you have many benefits on it that is the one that is good for you but the one you use and it is not benefits that one is got for you.

[rahul12345 0]

I have learned some crypto trading indicators such as Williams fractal and every indicator is same but they created with different point of view .you can earn good by trading if yoy follow a signal ,you can get good results 

[Cryptotakl1 0]

You should be need to learn about the crypto talk trading very well because it was very good that we should be try .and sell liens from which we get a clear understanding of how welk the coin is doing now 

[Jrm2020 320]

@Farhan dear farhan I think the most important thing in trading is analyzing market with use candles and graphic line and studying history of currency before buy. At the end important rule is not put all eggs in same basket 

[mk4 20]

I haven't used SMI or fractals in trading. Maybe there is something good to give from these, however you could have easily tried to make a post explaining them, or even giving us the knowledge how you used them with the addition of a chart. 

[Jawad Nazeer 131]

MACD is use for market direction and I use it and for entering of market I use SO. I use these two indicators and you should try them but every indicator is same but have different function. I use them and suggest to use them once. You will like them from others indicators.

[Rozy 1918]

Learning indicators is essential for a crypto trader but unfortunately it is not a conclusive factor to determine the prices of crypto currency , because sometimes the fluctuations are unpredictable. In crypto market there are whales that control the price , so no indicator is useful to know the exact destination of the prices, one move of one whale is enough to turn the markets up side down.