Forex Zone - Forex Forum

Characteristics of a Good Indicator

Discussion started on Forex Education

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 193
  • Reputation: +1/-0
a good indicator is an indicator that is used to get a lot of results, therefore you can choose to use which indicator later is appropriate for you
#136 - December 27, 2021, 07:54:29 AM

  • Hero Member
  • Posts: 574
  • Points: 910
  • Likes Received: 45
  • Reputation: +3/-0
it means that a good indicator is an indicator that is easy to use because when the indicator is difficult to use then you will not be able to do the analysis, use this I am easy and there are also ingredients to use it
#137 - December 28, 2021, 09:06:01 PM

  • Full Member
  • Posts: 198
  • Points: 698
  • Likes Received: 0
  • Reputation: +0/-0
For me all the indicators are good, all we need to do is look for indictorations that will later be able to suit us, convenient we use and can maximum results
#138 - December 29, 2021, 09:09:39 PM

  • Hero Member
  • Posts: 2360
  • Points: 2
  • Likes Received: 200
  • Reputation: +4/-0
In my opinion a good indicator is an indicator that is easy to understand and easy to learn and I agree with your opinion because when indicators are difficult to understand, there are many indicators that are innate from MetaTrader and indicators that we make ourselves because not all indicators it is indeed suitable for us and the most important thing is that the indicator is not complicated to use so even though you can use it but when it is complicated and makes the situation take longer to decide to open a position it is also not good
#139 - December 30, 2021, 05:24:27 AM

  • Hero Member
  • Posts: 575
  • Points: 1125
  • Likes Received: 4
  • Reputation: +0/-0
A good indicator is an indicator that has an accuracy above 60 percent, if the accuracy is below 60 percent then you should look for another indicator.
#140 - January 02, 2022, 09:02:04 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
A good indicator used to have a strong reason for us to use it because when the indicator does not have a good character according to our wishes, it is better. Don't because when we only follow the indicators used by other people, we won't be able to develop our abilities
#141 - January 03, 2022, 05:30:07 AM

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 193
  • Reputation: +1/-0
A good indicator is definitely an indicator that is easy to use and not difficult to do according to what we want because indicators that are too complicated are not suitable for us to use because they will interfere with our concentration when we analyze so we need indicators that are not difficult.
#142 - January 13, 2022, 04:55:23 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
Yes, definitely a good indicator is an indicator that is easy to use and not difficult to learn because when the indicator is difficult to learn and difficult to recognize. What appears it can't be used because it will make you complicated
#143 - January 14, 2022, 10:58:03 PM

  • Hero Member
  • Posts: 575
  • Points: 1125
  • Likes Received: 4
  • Reputation: +0/-0
I think all indicators are the same and it's just a tool. I think you should not rely too much on indicators because we can also trade without indicators.
#144 - January 14, 2022, 11:00:36 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
the characteristic of a good indicator is to use the best indicators in its use, therefore you must be able to use trading in the right way using the right indicators lest you use difficult indicators
#145 - January 17, 2022, 05:24:13 AM

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 561
  • Reputation: +22/-18
using the indicator is one of the best ways to analyze the character of a good indicator it is not difficult to use and not difficult to understand because when the indicator is difficult to understand it means it is not suitable for you
#146 - January 19, 2022, 09:37:04 PM

  • Full Member
  • Posts: 236
  • Points: 318
  • Likes Received: 9
  • Reputation: +0/-0
The characteristics of a good indicator consistently provide accurate signals
#147 - January 19, 2022, 09:43:24 PM

  • Full Member
  • Posts: 176
  • Points: 691
  • Likes Received: 1
  • Reputation: +0/-0
In my opinion, all indicators are song and repaint.. a good indicator character in my opinion if the accuracy can be above 70 percent
#148 - January 19, 2022, 10:12:39 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
a good indicator is certainly an indicator that does not harm you and does not make you lose because basically the indicator is a tool that is indeed functioned to help your analysis in technical analysis
#149 - January 20, 2022, 04:39:13 AM

  • Hero Member
  • Posts: 2360
  • Points: 2
  • Likes Received: 200
  • Reputation: +4/-0
The indicators that are worked on must be those that can be used optimally and easily, so there should be no use of indicators that are not easy
#150 - January 22, 2022, 05:17:45 AM

Members:

0 Members and 2 Guests are viewing this topic.