What is the best indicaor in the forex market?

[Muayad]

every indicator in the forex world serve a certain function so we can not say this this indicator is better than the other ,some indicators measure volatility while others measure trend and others for support and resistance and everyone of them is for a certain use,we can't say one indicator is ultimately best.

[riddy09]

I would agree. This is no best thing in Forex or to have perfection. Thus, we will have understand that Forex will have here the chance of losing and also not have working as 100%. We will have many different indicators as well as different strategy. But there will be always advantage and disadvantage on those indicators. Also, it will depends on how the trader will see those indicators to be efficacious in their trading.

[Meraz_nsu]

In fact i prefer to trade with candle stick patterns. If we have good and detailed knowledge of candle stick patterns, there is no need of any other supporting indicator. It give perfect signals with high time frame charts. I normally trade with 1 day time frame , i just open a deal as per candle stick patterns and put trailing stop option. It gives good profits.

[anowarul]

indicator is a kind of signal. it indicate when market is going up or going down. it helps the trader to buy and sell currency. it helps the trader to take the correct decision. there are many indicator as: bollinger bands,moving average, rsi, axd, parabolic sar etc. any one can use any indicator. if we like we can use more indicator too. i like rsi indicator very much.

[suntek]

specific research is a fundamental element of dealing Forex trading...moving frequent selections are one of the best symptoms that show whether a design..using candlesticks together with the above symptoms will provide an excellent perspective of the market. I think indicator some time best think and some time mistake .

[janknoah]

Every indicator in forex is good and best to those who understand their usage. That is, the best time to apply it to trading and the kind result to expect from using it. Talking about analysis and signals from using such indicators.

[Hassan Azfar Seemab]

there are huge number of good indicator available for our market chart and every trader have their own view about any indicator. all of your mention indicator performance are very good. every new trader should choose their suitable one myself. for his he should try every indicator one by one. in my point of view the best indicator name is moving average and bollinger band stop. i am using this two indicator in about 6 month and get very good result.

We say that there will be chance that traders will work perfectly with a good indicator.

[usharani]

We can consider candle stick patterns as the best indicator for price actions strategy. If we fully masterised the candle stick patterns, there is no need of any other indicator to support or confirm it. After candle sticks, trend lines also gives good results.

[Akshay]

Every indicator has some specialty and you need to identify it.Different indicators work perfectly in different market conditions.Also each indicator work in different time frames.So we cant justify the best indicator, all of them can be consider as the best provided that they are used according to their strength.

[Fateh]

All these indicators are famous for there authentic and accurate in formation but i use only maximum of three in my trades because then i know where to focus and using a lot of them at once is complex and you can also lose your focus if using a lot of them.Using multiple ones up to maximum of 3 indicators is good.I use Bollinger band indicators because it is very reliable and my trades would be incomplete without it.

[hemu789]

Well my best indicator is template zigzag , stochastic, fractals , fibo levels and of course weekly and daily frames trade. I have modified depending on this symptoms 12$ concern into 100$ and when i tended to depend on other indicators whatever it's strength and there signals battle with my own i feel in a huge loss. Thanks.

[bidyut]

I use only those indicators which are easy to follow. Previously I've used many indicators in my tradings but at most of the time I confused how to follow them properly. Later I managed to learn well and maintained only few indicators to follow because it gives less confusions. I completely rely in MACD because it gives accurate signal for buy and sell orders. In scalping also I use this indicator which is accurate to its kind. I've also experienced RSI, somehow it is also similar with MACD but little different. With the combination of MACD and RSI I get not only accurate and good signal but strong as well. These two indicators are very reliable and at the point. I never disappointed by using these two indicators in my tradings. I know how to analyze or take most out of an indicator but I use to follow just for a small glance of trend. However indicators are good for our tradings, it reduced our effort in analyzing the market at the same time may create confusions if we use too many indicators at a time.

[Ashish]

Well my best indicator is template zigzag , stochastic, fractals , fibo levels and of course weekly and daily frames trade. I have modified depending on this symptoms 12$ concern into 100$ and when i tended to depend on other indicators whatever it's strength and there signals battle with my own i feel in a huge loss. Thanks.

The ZigZag is really a great indicator that indicates the current trend movement, Also other indicators like stochastic, RSI, fibonacci's level, MACD are among the very good indicators which most of the time provides good trade signals.

But a trader should always remember that they should never rely upon such indicators, The indicators are meant for the indicating, they are not created to give us the bias, but just the prediction and thus we also need to use our knowledge with such indicators while entering or exiting a trade.

[ayushsrk]

every indicator in the forex world serve a certain function so we can not say this this indicator is better than the other ,some indicators measure volatility while others measure trend and others for support and resistance and everyone of them is for a certain use,we can't say one indicator is ultimately best.

Each and every indicators have their own way of functioning and the result that the trader is able to obtain does not depend on how good the indicator is ,rather it depends on the trader himself.And if the trader is not good in analyzing the market from what the indicator is showing him then no matter whether the indicator is a top rated indicator the trader can not be able to gain profits from that.

There are some good indicators when used together and they are macd and moving averages,these two if used together can work wonders with a good analysis.But it is not necessary that the traders use indicators as well because I donot use indicators at all in my trades as I find them really confusing.

[MDSN]

There are many indicator in forex market and many people use them .Some famous indicators are given below.
1. rsi
2. cci
3. moving avarege
4. channel
5. zig zag
6. trend line
7. break out box
8. bullenger band.
9.Rubicon indicator
I use Rubicon indicator that helps me to get perfect take profit and stop loss and i follow the instructions and get good profit so share your experience to help others.

I think if you use too much indicator in same chart, then you can get good signal form the indicator because it will confuse you.