Forex Zone - Forex Forum

Characteristics of a Good Indicator

Discussion started on Forex Education

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
I think a good indicator is an indicator that is easy to use, and has a high level of profit in reading per market movement
#76 - July 09, 2021, 03:57:24 PM

  • Hero Member
  • Posts: 625
  • Points: 598
  • Likes Received: 6
  • Reputation: +0/-4
Good indicators for me are easy to use, simple and can be used in various pairs and various time frames, so it can be very flexible
#77 - July 13, 2021, 10:16:22 PM

  • Sr. Member
  • Posts: 356
  • Points: 298
  • Likes Received: 3
  • Reputation: +0/-0
there are many good indicator characters among them you have already mentioned but the point is in my opinion the most important thing in an indicator is the level of accuracy and the most widely used by traders.
#78 - July 14, 2021, 07:13:19 AM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
an indicator can be said to be good in my opinion if it's easy to use, meaning anyone can use it without difficulty, and can provide good accuracy
#79 - July 15, 2021, 02:19:17 AM

  • Hero Member
  • Posts: 612
  • Points: 127
  • Likes Received: 36
  • Reputation: +2/-0
what is conveyed in the topic above is true, the characteristics of a good indicator is more or less like that, but all of it is not used if we ourselves can not master it and do not understand about the indicators we use
#80 - July 20, 2021, 02:47:27 AM

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
in my opinion a good indicator is one that is easy to use, not complicated, and can have good accuracy, it is a good indicator in my opinion
#81 - July 31, 2021, 03:47:16 PM

  • Hero Member
  • Posts: 750
  • Points: 365
  • Likes Received: 33
  • Reputation: +2/-0
good indicators are usually used in good trading, the meaning is that when we use the indicator we feel comfortable and feel confident doing whatever position so a good indicator will make us more confident that what we are doing is correct
#82 - August 25, 2021, 08:33:33 PM

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 52
  • Reputation: +3/-0
there is no official character How the indicator is called good or bad because officially the indicator is how it depends on us who we use the most important thing is when we use an indicator we can get a lot of profit and reduce unclear risks
#83 - August 27, 2021, 06:06:28 AM

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
there are no really good indicators because indicators are only technical tools that are really good are those who use them, traders who can use indicators well, the results will also be satisfying later and the name that is the main problem is the user
#84 - August 30, 2021, 01:26:03 AM

  • Jr. Member
  • Posts: 86
  • Points: 181
  • Likes Received: 9
  • Reputation: +0/-0
a good indicator is an indicator that can be used in several currency pairs Because not all indicators can be used to analyze many currency pairs so choose an indicator that can be used to analyze all currencies such as Bollinger Bands
#85 - September 02, 2021, 08:10:33 AM

  • Hero Member
  • Posts: 906
  • Points: 92
  • Likes Received: 64
  • Reputation: +4/-0
a good indicator is an indicator that is able to detect the direction of saturation and and reversal of direction as is the case with using the stochastic oscillator because then it will be easy for us to know where the area is suitable to buy and sell
#86 - September 09, 2021, 09:23:43 AM

  • Hero Member
  • Posts: 691
  • Points: 2060
  • Likes Received: 41
  • Reputation: +2/-0
a good indicator will certainly give maximum results too but when the indicator does not work then you should use another indicator in this case the most suitable one is to use between the two of them, macd
#87 - September 17, 2021, 06:13:20 AM

  • Sr. Member
  • Posts: 298
  • Points: 3
  • Likes Received: 13
  • Reputation: +1/-0
As mentioned earlier, a good indicator has the characteristics of an indicator that is easy to use and not complicated. In its use, because there are so many indicators, how to read it is very difficult, so that we as conception are very difficult to understand.
#88 - September 18, 2021, 09:57:09 PM

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
the characteristics of a good indicator are indicators that are easy to understand and indeed not complicated to run when the indicator does not suit you or you feel that the indicator is difficult to understand you should have to reach another indicator because there are so many indicators in forex trading
#89 - September 20, 2021, 01:39:54 AM

  • Full Member
  • Posts: 243
  • Points: 48
  • Likes Received: 6
  • Reputation: +0/-0
Indeed, a good type of indicator is the easiest to analyze and does not give you a headache, so when you decide to use an indicator, pay attention that the indicator is easy to use.
#90 - September 22, 2021, 02:01:11 AM

Members:

0 Members and 1 Guest are viewing this topic.