Forex Zone - Forex Forum

Characteristics of a Good Indicator

Discussion started on Forex Education

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
If I see the character of a good indicator, it is when you can get stable profits from using this indicator and of course this indicator is not complicated to use and is not too difficult to get signals.
#496 - September 21, 2023, 12:17:24 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you use indicators, make sure you use indicators that are easy and can be used very well. Don't use difficult indicators because when you use difficult indicators it will actually waste your time just analyzing.
#497 - September 22, 2023, 12:24:24 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
good indicators and perfect indicators are indicators that are not complicated and easy to use by everyone including beginners because complicated and difficult indicators cannot be used for analyzing, let alone opening positions.
#498 - September 23, 2023, 01:12:39 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The indicator must be able to use good indicators. The point here is to use indicators that are easy to use and not too difficult to set up, which are not too difficult to use. So you can be helped.
#499 - September 24, 2023, 01:27:39 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Using a good indicator must definitely be in accordance with what you are doing and according to your abilities. The right indicator will not be difficult and easy to understand. Everyone can use it like zigzag.
#500 - September 25, 2023, 12:27:57 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The character of a good indicator is that it will always be easy to use and always simple to do because too many indicators or too many settings will actually make it difficult for us, so in my opinion, use a moving average or something like a stochastic to get a good indicator.
#501 - September 26, 2023, 12:28:44 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
I always recommend using easy indicators. A good indicator is an indicator that is not difficult to use and does not need to go through too complicated setting stages such as using an oscillator or using zigzags and fractals.
#502 - September 27, 2023, 12:29:26 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you use an indicator, make sure the indicator is easy to use and make sure that when you use the indicator, don't waste your time just analyzing it, just use an indicator that is not complicated.
#503 - September 28, 2023, 01:31:40 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
A good indicator will have a strong character that is easy to use correctly when you trade forex. You must be able to choose an indicator that is easy to use and is sure to be an indicator that can help you
#504 - September 29, 2023, 12:59:05 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
There are many characteristics of indicators. Some are difficult, some are easy, some are complicated, some are simple. In my opinion, when you use indicators, use indicators that are easy to use and definitely suit your abilities. All the indicators in MT4 are easy, but the core or custom ones are usually those. according to personal wishes.
#505 - September 30, 2023, 01:02:22 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Using a good indicator must definitely have a strong character and must have a way to make it easy to use because indicators that are difficult to use usually won't be able to produce a good signal.
#506 - October 01, 2023, 12:53:16 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you use an indicator, my advice is to choose an indicator that is easy to use and is indeed a good indicator if you use it so that it won't be complicated to use because there are lots of custom indicators that are difficult to use.
#507 - October 02, 2023, 01:04:42 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Using indicators is a good choice to make it easier for us to analyze and what is certain is that the character of a good indicator is one that is easy to use and not too complicated to use because indicators that are too complicated will make you dizzy to observe every way of using them.
#508 - October 03, 2023, 12:12:24 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
A good indicator is an indicator that is easy to use and the most important thing here is that it suits your abilities when you learn because many people like to learn difficult indicators even though it is actually better to use ones that are easy and not complicated.
#509 - October 04, 2023, 12:29:06 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
What is certain here is that using indicators must have a strong character. When you use indicators. Never use difficult indicators that are difficult to use and difficult to understand. Use simple but easy indicators
#510 - October 05, 2023, 01:05:54 AM

Members:

0 Members and 2 Guests are viewing this topic.