There is really no "best" indicator to be fair. MA (moving avarage) is certainly high up there, there are tons of people who think that is the most important one and I will not argue against that but it is certainly not enough all by itself and it is not a %100 agreed thing. We have EMA instead of MA for example, we have Stochastic oscillator which is definitely one of the hardest to master but when you get used to it, it becomes easier, MACD, Bollinger Band, RSI, all of them are very important in trading.
You could limit yourself by checking every single one of them and make sure that it hits on all of them and that would be rare but does happen. Or you could just face the fact that indicators only "indicate" what it should do and not tell you what it will do. People who do not know the difference between those two will end up losing money unfortunately.
Topic: Can any one suggest best indicator for trading? (Read 495 times)
Best Indicators
Moving Averages. Moving averages could be a oftentimes used intraday commerce indicators. ...
Bollinger Bands. Bollinger bands indicate the volatility within the market. ...
Relative Strength Index (RSI) Relative Strength Index (RSI) could be a momentum indicator. ...
Commodity Channel Index. ...
Stochastic generator.
Moving Averages. Moving averages could be a oftentimes used intraday commerce indicators. ...
Bollinger Bands. Bollinger bands indicate the volatility within the market. ...
Relative Strength Index (RSI) Relative Strength Index (RSI) could be a momentum indicator. ...
Commodity Channel Index. ...
Stochastic generator.
I think that the indicators their efficiency depends on the type of trading that is going to be done, there are some indicators that are essential when it is long-term trading, and I know that those who like short-term trading or "Scalping" are much more efficient others indicators.
However, it is much better to have the best scenario for the market before doing a technical analysis, because an indicator can tell you to buy, but if the market is in a bearish trend what you will have is losses.
When you have an idea of how the market moves, when using a technical indicator, the probability of winning increases above the average, otherwise only trading with pure indicators without having an idea of how the market moves can lead to failure quickly.
However, it is much better to have the best scenario for the market before doing a technical analysis, because an indicator can tell you to buy, but if the market is in a bearish trend what you will have is losses.
When you have an idea of how the market moves, when using a technical indicator, the probability of winning increases above the average, otherwise only trading with pure indicators without having an idea of how the market moves can lead to failure quickly.
Moving Averages,moving Average ,Convergence Divergence
Relative Strength Index and Balance Volume these are the best indicater for trading. 🙏
Relative Strength Index and Balance Volume these are the best indicater for trading. 🙏
At the end of the day, you have to find a winning strategy. An indicator is a tool, it does not guarantee profits. Let's always keep in mind, it is extremely difficult to beat the market.
Most of the time people do not even bother with this, they believe that using an indicator is enough to produce profits and we only need to see the title of this thread to know this is the truth.Those that actually want to beat the markets need to create a full strategy that covers every single circumstance in which they could find themselves in and this means knowing what to do when your prediction is wrong, what to do when you are right, how to deal when you just sold your coins and then the price goes up against your prediction as soon as you sold, what to do about whipsaws, acquire money management skills, how to use a stop loss and many more skills that you need just to have a chance of being profitable.
back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.
In the same way, I think that, in fact, by analyzing all the possible scenarios and the reason for the movements, you can try to understand the market, having a clarity of it, at once you will have an idea of the commercial decision to take, in that When you have the direction to follow, it is best to go in the direction of least resistance, at that moment is that a good technical analysis is done and I think that the traditional is enough, for example to draw a trend, establish some kind of tool such as Elliot wave lines, which can be established to be able to place stop-loss, take profit, among others.
Normally my style of trading is following the teachings learned in Jesse Livermore's books, he always established his strategies long before reading trading news so that they would not interfere with his analysis.
Previously I shared content here which is the use of the MACD or the Moving Average Convergence Divergence you can check it out here if you have time.
https://bitcointalksearch.org/topic/guidemoving-average-convergence-divergence-macd-5255303
By touching the line you can get a signal for the upcoming reversal trend. With the use of the RSI and Volume, you can see a guide for the next price doing dip or going pump.
https://bitcointalksearch.org/topic/guidemoving-average-convergence-divergence-macd-5255303
By touching the line you can get a signal for the upcoming reversal trend. With the use of the RSI and Volume, you can see a guide for the next price doing dip or going pump.
I think much better to learn the graph and price movement first, then get some experience in trading rather than looking for any trading indicator which is not accurate and will lead you to get loses. Knowledge and experience is the best tool you can use in trading. It will give you more profit than loses. Try to learn and analyse both the technical and fundamental analysis in trading.
I don't know if it can help with you looking for an indicator but I think that you can use Google News or any news channel focused on crypto and set some reminders on their news, their headlines are useful to see if it can be a positive effect for the market or not.
back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.
It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses. Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.
This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.
of course this is not worth emulating, and the most difficult way in trading indicators is to read candlesticks,
and it takes quite a long time to understand, oh ya for note, dont follow fomo and fud when trading.
back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.
It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses. Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.
This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.
I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
But if you can really manage to use it, the chance is higher than those who know nothing. market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.
This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do, there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.
but even so doing analysis is still useful so that in trading we don't make decisions without consideration,
Of course, it's very risky to decide something from scratch and it could bring us closer to loss
I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
But if you can really manage to use it, the chance is higher than those who know nothing. market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.
This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do, there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.
In order to know if a trader is profitable, you have to wait quarters and years bc luck plays a big role.
It's easy to think you are a genius bc you were lucky, and even if you were wrong, you can tell yourself you knew it was going in the other direction
I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
But if you can really manage to use it, the chance is higher than those who know nothing. market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.
This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do, there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.
back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.
It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses. Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.
This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.
back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.
I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.
Yes, of course it takes hard work and certainly don't give up easily to learn it again,
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Many novice traders rely solely on indicators they have just discovered without deepening the basics of trading. They will only get lost in not knowing the use of indicators. In tradingview, there are many indicators to choose from.other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Continue to learn and hone skills is the main advice before trading seriously. The indicator only makes it easier to read the market, profit and loss depends on how you can take advantage of every moment. Don't be too greedy and practice psychology is also very important.
I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.
Yes, of course it takes hard work and certainly don't give up easily to learn it again,
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Many novice traders rely solely on indicators they have just discovered without deepening the basics of trading. They will only get lost in not knowing the use of indicators. In tradingview, there are many indicators to choose from.other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Continue to learn and hone skills is the main advice before trading seriously. The indicator only makes it easier to read the market, profit and loss depends on how you can take advantage of every moment. Don't be too greedy and practice psychology is also very important.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. there would always a chance for those to miss out or not would really be accurate and you should be aware with that and also price action isnt something
that can be handled by someone who had just been recently learning on the market. Go with the basic first where you should know at least on where
those supports and possible resistances are and make out position and never forget to set some stop loss and take profit when its necessary.
At the end of the day, you have to find a winning strategy. An indicator is a tool, it does not guarantee profits. Let's always keep in mind, it is extremely difficult to beat the market.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. there would always a chance for those to miss out or not would really be accurate and you should be aware with that and also price action isnt something
that can be handled by someone who had just been recently learning on the market. Go with the basic first where you should know at least on where
those supports and possible resistances are and make out position and never forget to set some stop loss and take profit when its necessary.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I'm not going to give you certain steps to help in this trading business as there aren't any set steps towards trading success. Generally, though, following what's happening with BTC is a good start because BTC market sets the scene for the rest of alts. Above this is knowledge, you must have the right market knowledge to trade without it you're lost. Practice a few trades and then see what you're lacking, then search for the relevant knowledge apply it and attempt to improve. Failure is the road to success!
It is important to never forget that is no amount of indicators that can tell you exactly what to do and it can be argued that using too many indicators goes against your best interests as too much information will obscure the most important indicator of all which is the price itself.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I would recommend first understand the basics of trading and watch some tutorials and do some trading courses.
This way you will get a better understanding and you will be able to perform well by using the indicators.
Most of the times the 3 main indicators used by many traders are RSI, EMA and MACD.
If you master these then you don't have to worry about any other indicators and you will be able to analyze the market better.
in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
Yes, This is the most basic and effective indicator for newbie since there's only 2 signal MACD can produce while RSI verify it. The only problem on using indicators in general was determining the right time frame for the trading tempo of each trader since indicators give different signals on every timeframe so newbie should be cautious about this detail.
I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.
If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Getting suggested indicators wouldn't stop you from blowing down your account if you are planning on depending of them as entry triggers and trend confirmations. I suggest you spend time learning price action and candle stick formation first when you have mastered this you can then move on to study indicators. Remember back testing is very Paramount if not you would never record success throughout your trading carrier I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money.
If you've tried a lot of indicators and it doesn't get you anywhere, you need to study them again. Because every indicator that exists has a different way of use and you need to understand.there is nothing wrong with trading using some auxiliary indicators.
Basic knowledge of technical analysis is also very necessary in order to be able to use indicators well and be able to perform analysis without indicators.
in my opinion the best indicators for trading are RSI and MACD, because they are very easy to read,
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
a novice trader too I'm sure will immediately understand about this indicator,
try to search on youtube about the use of these two indicators, because RSI and MACD are always part of trading
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)
and also those telegram groups is a BS place to believe so get rid of those.
The choose of what trading indicators depend on us as a trader. We can have them all if we want but the question if that really needed for our trades or they are just making us lose. Some say this one is effective, well, maybe it works for them but might not for us...
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
trading is the riskiest way to earn but this is also the biggest place to earn (Aside from gambling of course)
and also those telegram groups is a BS place to believe so get rid of those.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
Plus OP is new in trading during a bearish situation which the market might just be waiting to go crash more. I believe we should support each other in the forum to make our fellow plebs make the right decisions. Discourage all the newbies from day-trading, swing-trading, and any kind of short term trading.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I strongley suggest that you really don't trust any indicators especially the free ones they can really be missleading and cause you a lot of loss if you follow them aimiessly, i have tried a bunch of them and they didn't lead me anywhere, i recommed that you stick with the old ways and just educate yourself about the trading ways and try to find to make a demo account on any broker that offer you virtual money to test strategies and your ideas before using real money. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD [1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/
If we are enjoyed what we are doing, the more chance to get what we wanted.
Before getting into any market either by trading or just long-term holding always do your own diligence. If something happens down the line you'll find it much easier to understand what went wrong so you can avoid it next time, this is impossible to do when you rely on others.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I do not think there's anything as a best indicator. Every trader hasa a combination of indicators that helps him or her in making trading decisions. You should also know that the choice of indicators is dependent on the strategy of the trader and the type of trader he is.
I'd say you study thoroughly every indicators and choose which works best for you. This is actually because all indicators were there to be used depending on the trader.
I think that there is no such indicator, because to give it a good indicator you must have the style of trader that you are, if you are a scalping trader, a medium-term trader or a long-term trader, even for investors the strategies are totally different.
In this case, I am not an indicator trader, I like fundamental analysis much more and then combine it with technical analysis to be more complete, in fact there is a model that is widely accepted that is not an idicator, but for now it is. It works as an indicator and is the PlanB S2F model, it is widely accepted by many traders and investors, because it has great information of a relevant technical and fundamental level, if we start to see according to this model BTC will soon reach the sum of $ 100 k and his next target will be for $288k.
In this case, I am not an indicator trader, I like fundamental analysis much more and then combine it with technical analysis to be more complete, in fact there is a model that is widely accepted that is not an idicator, but for now it is. It works as an indicator and is the PlanB S2F model, it is widely accepted by many traders and investors, because it has great information of a relevant technical and fundamental level, if we start to see according to this model BTC will soon reach the sum of $ 100 k and his next target will be for $288k.
Price and your gut feeling 
Haha.
OP, serious suggestion. An indicator to check for Bitcoin is to go to weekly chart and use the 200-week moving average. Use SMA/EMA/WMA, does not matter. Bitcoin has touched, or went below that, but it was never stayed below that for a long time. Always buy Bitcoin near that line.
Price and your gut feeling
There is no wrong having them all but bear in mind that it won't save us. What we have to do is to try to understand the market behavior, we should have to act cautiously. Trading is risky and we can't simply escape from losing even experts has no excuse.
So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.
Indicators are tools to make a strategy on trading, Without them, You will need to undergo bunch of mathematical equation just to have a pattern and guide to be use on your trading strategy. Indicators made the life traders easily, Yes you can't rely solely on indicators but without them, you are just like blind that trades base on your feelings because you ain't holding any data to backup your strategy. So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.
There is no wrong having them all but bear in mind that it won't save us. What we have to do is to try to understand the market behavior, we should have to act cautiously. Trading is risky and we can't simply escape from losing even experts has no excuse.
So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.
So, no matter how many trading indicators we used still can't predict the market right. We need to become flexible, we can't just rely on them but to have our own strategical thinking otherwise, we become a loser.
Gain more experience, those indicators that have been said, you can learn them gradually. You can learn them right now without having enough experience.
But it's still going through experience for you to learn how to get some best indicator which shall fit your analysis once you build it up.
Personally, I have given up on all indicators after the recent bear run because all the indicators and predictors failed to see the market crashing so hard. I seriously feel like this is similar to gambling where you can use indicators (tipsters in gambling) but you are never going to get the correct results. Yes, some indicators might help you in detecting small movements but these big swings are almost impossible to predict/indicate.But it's still going through experience for you to learn how to get some best indicator which shall fit your analysis once you build it up.
Some really good indicators mentioned in this thread though, so I have bookmarked the page and going to watch every once in a while to check what are the new indicators being used in the market.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD [1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/
If we are enjoyed what we are doing, the more chance to get what we wanted.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Well for me, it is RSI and MACD, both of them are good for the trading indicator and it is free.But if you will compare these two indicators, statistical studies have been researched that the more accurate is RSI than the MACD [1].
On my own. --I did not rely on this indicator while I am in trading, I usually referring to fundamental stuff than technical, because sometimes this fundamental analysis will give a huge impact on the market which is perhaps will be shaken the whole market price.
[1] - https://tradeveda.com/macd-vs-rsi-which-indicator-gives-better-trading-results/
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I'm not going to give you certain steps to help in this trading business as there aren't any set steps towards trading success. Generally, though, following what's happening with BTC is a good start because BTC market sets the scene for the rest of alts. Above this is knowledge, you must have the right market knowledge to trade without it you're lost. Practice a few trades and then see what you're lacking, then search for the relevant knowledge apply it and attempt to improve. Failure is the road to success!
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Trading have been an illusion for many and the main reason have always been that of going after the money before going for the knowledge and required skills. Take some more time to learn and you may for instance realized why a combination of RSI and Bollinger Bands should be in your kitty and not just because someone else said so.
For trading, there are a lot of indicators available. But for regular trade, you need to know the use of EMA, RSI, VOLUME, MA, MACD, FIB, and support resistant lines. personally, I am using MACD, RSI, VOLUME, MA Emperor insiliconot (made by https://twitter.com/EmperorBTC)
MA Emperor insiliconot is good one indicator with volume and FIB. If you want to get good results try to use a long time frame. for more free trading tools join Telegram http://t.me/EmperorbtcTA (group by Emperor👑)
MA Emperor insiliconot is good one indicator with volume and FIB. If you want to get good results try to use a long time frame. for more free trading tools join Telegram http://t.me/EmperorbtcTA (group by Emperor👑)
It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
Currently, it is even enough to subscribe to Elon Musk on Twitter, and I am serious about that. As soon as he posts something negative or positive about Crypto, the share price reacts immediately, as we saw tonight, for example:Perhaps, Elon can move the market as soon as he tweets something, but he can't do it forever. So it is better if we have more sources to read, which can help us collect the data to analyze.
It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
Currently, it is even enough to subscribe to Elon Musk on Twitter, and I am serious about that. As soon as he posts something negative or positive about Crypto, the share price reacts immediately, as we saw tonight, for example:Perhaps, Elon can move the market as soon as he tweets something, but he can't do it forever. So it is better if we have more sources to read, which can help us collect the data to analyze.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
What you're asking for is a quick fix which I think you may not readily get here because trading is personal experience. What works for A may not work for B or you. So, even if A hands over his trading indicator to you, it may not profit you anything. Temperament and emotions differ just like trading skills and perspectives too. BTW, the eye is the best indicator there is. Yes, I know that isn't what answer you're expecting. But that's the truth. Have a mastery of leading indicators like various lines of Support & Resistance, Trendiness, Pivot Points and Price Action. Don't dwell much on lagging indicators of MAs and RSI.
There are many indicators that you can choose to do a better and more accurate analysis.
RSI, MACD, Fibonacci and many others. you can use all of them, just match which indicators are suitable for the trading style you are using. I use a lot of combinations of indicators that I got on Tradingview, it's really helpful for doing crypto market analysis.
The most important thing is to understand each indicator used.
RSI, MACD, Fibonacci and many others. you can use all of them, just match which indicators are suitable for the trading style you are using. I use a lot of combinations of indicators that I got on Tradingview, it's really helpful for doing crypto market analysis.
The most important thing is to understand each indicator used.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
there's a lot of trading indicators bro so its hard to suggest which one is the best.. In fact every indicator can be use in different ways like how to know if its the right time to place order and there are some that will give you an information if its good for long term and short-term and etc.. So you better search in google whats your specific needs when it comes trading because in here you can get some suggestion but you don't know how to use it, through google its very informative.. It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
Currently, it is even enough to subscribe to Elon Musk on Twitter, and I am serious about that. As soon as he posts something negative or positive about Crypto, the share price reacts immediately, as we saw tonight, for example:
Source
Which led to this price crash:
However, the fluctuations caused by his tweets are already decreasing, people are no longer reacting so strongly to his opinion and will hopefully soon leave it completely to the left. One person should not be able to influence an entire market, I find that extremely toxic.
Hahaha! “The ELON-indicator, constantly ready to blast you off to Mars, or push you off the chasm”. He’s annoying, but the community knows his influence will start to die away, and the market will also start to move on to our next popular FUDster.
RSI for trading this index is a popular form of technical analysis used by traders around the world. The relative strength index RSI can suggest additional buy or oversold conditions by measuring the price movement of an asset and so the buying opportunity and the 70 percent level was a symptom the asset bought at an extra price and therefore has the opportunity to sell or short sell. Constance brown refining the use of the CMT indicator said that the oversold level in the upward trending market was actually much higher than 30 and the overbought level was much lower than 70 in a downward trending market.
I use SMA 200 to determine the trend when the price is above it BUY and when the price is below it SELL using a 5 minute timeframe however I mostly set up my trade when there is a bounce on 200 SMA while using a trendline breakout which is a little but subjective and needed little expertise for drawing to buy or sell, when the price hit overbought or oversold via RSI indicator on 1 hour time I exit the trade.
I always ensured that I avoided a flat or straight 200 SMA line.
I always ensured that I avoided a flat or straight 200 SMA line.
Gain more experience, those indicators that have been said, you can learn them gradually. You can learn them right now without having enough experience.
But it's still going through experience for you to learn how to get some best indicator which shall fit your analysis once you build it up.
But it's still going through experience for you to learn how to get some best indicator which shall fit your analysis once you build it up.
in my opinion the best indicators for trading that I often use are RSI, MACD and EMA,
every trader does have a different strategy, and this is the strategy I use, you can use other than this,
there are other better indicators, such as supertrends or using MA, I hope you get a good indicator
This is also my indicators every time I trade, though I also experiment some indicators but these three has been my main weapon. We traders have to create our own strategy, because we all have different understanding but of course we have a general rules in trading, and that is to keep on winning. every trader does have a different strategy, and this is the strategy I use, you can use other than this,
there are other better indicators, such as supertrends or using MA, I hope you get a good indicator
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
^ As I have known and I usually used is the MACD and the RSI but it does not mean it gives an accurate result, the market still depends on who around it that makes the price becomes volatile. If you think your self know how to have a technical indicator by your own self, just do it. Explore as what you want because in trading everything is unpredictable and there are no accurate or best indicators that you will consider as good ones. You can apply fundamentals also besides technical analysis because the price also reacts depend on the news.Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
The best and unmatched indicator to be successful in the market is price action. There is no better indicator than price action but it's not easy to understand price action, therefore, other indicators are used in conjunction to give a better idea of what's happening. Apart from price action, the second thing that helps is the Moving averages. They are too helpful. They are results of raw price action and also show you the bigger picture. They also act as dynamic support as well as resistance, therefore, gives you a lot of trading opportunities. Another good indicator is RSI. The best tool to understand the trend as well as identify Reversal in the market. Back-test the market at various levels and correspond those levels with the RSI level it can give you a great idea of the trend. Also, divergences on RSI are pretty accurate indications of Market Reversal. Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
^ As I have known and I usually used is the MACD and the RSI but it does not mean it gives an accurate result, the market still depends on who around it that makes the price becomes volatile. If you think your self know how to have a technical indicator by your own self, just do it. Explore as what you want because in trading everything is unpredictable and there are no accurate or best indicators that you will consider as good ones. You can apply fundamentals also besides technical analysis because the price also reacts depend on the news.
in my opinion the best indicators for trading that I often use are RSI, MACD and EMA,
every trader does have a different strategy, and this is the strategy I use, you can use other than this,
there are other better indicators, such as supertrends or using MA, I hope you get a good indicator
every trader does have a different strategy, and this is the strategy I use, you can use other than this,
there are other better indicators, such as supertrends or using MA, I hope you get a good indicator
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
It shows that you are completely new to trading, I am aware there are some people out there selling indicators promising that those indicators are an easy way to make money, so do not fall for it since the best indicators are free.With that out of the way, there is no indicator that is the best, each one of them make use of the very same information, the ones that created each indicator were interested in different aspects of the market to measure and they found a way to make this more clear thanks to their particular indicator, at most you should use something between 4 to 5 indicators and that should be more than enough to give you a more accurate view of the market, and if you still cannot do that then you are not ready to trade yet and should study more before you do it.
It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
Currently, it is even enough to subscribe to Elon Musk on Twitter, and I am serious about that. As soon as he posts something negative or positive about Crypto, the share price reacts immediately, as we saw tonight, for example:Source
Which led to this price crash:
However, the fluctuations caused by his tweets are already decreasing, people are no longer reacting so strongly to his opinion and will hopefully soon leave it completely to the left. One person should not be able to influence an entire market, I find that extremely toxic.
I use Bollinger, MACD, RSI, MA, and others. But three indicator is enough to start and learn more about that. But don't forget about the news because the news can also affect the crypto market. It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
You can search for more information by reading or watching the video from Youtube. With a simple keyword such as "how to use crypto trading indicator", you will get tons of information about that to start learning.
You can search for more information by reading or watching the video from Youtube. With a simple keyword such as "how to use crypto trading indicator", you will get tons of information about that to start learning.
I think you need to trust yourselves rather than asking anyone that you will never know about their personal background.
By spending more time in trading, the more you can acquire knowledge and could discover what is the best indicator. I know not all traders are using all trading indicators, they just choose one or two, as it was enough for them.
I don't recommend any but I suggest to search your own and choose the indicators that you think will helps you. Nothing would say it was best and you will agree unless you have tried it and if it works.
By spending more time in trading, the more you can acquire knowledge and could discover what is the best indicator. I know not all traders are using all trading indicators, they just choose one or two, as it was enough for them.
I don't recommend any but I suggest to search your own and choose the indicators that you think will helps you. Nothing would say it was best and you will agree unless you have tried it and if it works.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
if i were you mate watch some videos on youtube if you really want to learn some stuff related to this because that's what i do when i was new in trading and its very informative and helpful to be honest because on that wat you can easily follow whats the proper way to setup every indicators through the chart and what's the important thing as well for you to remember just to avoid doing mistakes.. That's why i highly recommended this s, so make some research now and start learning..
OP, before you follow anyone’s advice in this topic, ask them first their trading record. We Bitcoiners always follow this advice, “Don’t trust, verify”. You and I will be lucky to find a true, profitable trader in the forum who has more than a 5 year record of profit.
As plebs, we should remove the complications, and should zoom out, buy during bear cycles when the price is near the 200-weekly EMA.
As plebs, we should remove the complications, and should zoom out, buy during bear cycles when the price is near the 200-weekly EMA.
When I was a newbie I tried to understand every indicators and their function or help to analyze the trend and I can say that you don't need to know everything, you just have to choose the indicators that you think is important with a great combination from other indicators. RSI, VOLUME and MA are already fine for me in cryptomarket since most of the time, the hype invalidate the indicators so better to get updated from the news and market situation as well.
Getting yourself the right knowledge is the best first step before trading, if you're a newbie you might get overwhelmed by the information that is available but don't focus on that numbers because you can just choose the best and master that on how to implement it properly. I don't trade that much but when I do, I always go to the basic indicators like MA and RSI, these two can be a good indicator for long term trading but if you are day trading, better to have 3 to 5 indicators. There's also a BOT for trading which offer a default settings, you might also interested to know about BOT. 
Getting the fundamentals is great, like moving averages and exponential moving averages. That's mostly the most helpful when you are trying to determine the current trend and when there's a buy or sell signal.
You know, the differences between indicators are just how they calculate the specific data that is available, whether you have a price, volume, average, etc. being computed, you would always reach a point where it represents something that you "want" to see. Everything in trading is subjective since every person has their own view of it. I would always go emotionless and use a bot, like Gunbot, to be consistent.
You know, the differences between indicators are just how they calculate the specific data that is available, whether you have a price, volume, average, etc. being computed, you would always reach a point where it represents something that you "want" to see. Everything in trading is subjective since every person has their own view of it. I would always go emotionless and use a bot, like Gunbot, to be consistent.
Trading volume, RSI plus to know candlestick reading, I think it was enough already to have good trading results. We don't need to have a lot of indicators in trading because it won't apply all in a certain scenario, some will just a decoration and it won't help. What most important is to have an effective strategy, with a good choice of a coin, then enjoy trading, it works perfectly.
And the other thing is that the output of our trades not only relies on these indicators but for us how to make a deal in every situation. It is all about decision making and sad to say that many aren't good with that stuff.
And the other thing is that the output of our trades not only relies on these indicators but for us how to make a deal in every situation. It is all about decision making and sad to say that many aren't good with that stuff.
if you wanna confirm what your RSI is signaling, you may wanna add momentum oscillator indicator along with RSI. they both work the same way but just to verify what your RSI is telling you. this is going to be paired just like MACD is good to use along with the Volume.
fibonacci is when you just don't wanna draw trendlines anymore. you immediately see support and resistance with fibo.
fibonacci is when you just don't wanna draw trendlines anymore. you immediately see support and resistance with fibo.
When I was a newbie I tried to understand every indicators and their function or help to analyze the trend and I can say that you don't need to know everything, you just have to choose the indicators that you think is important with a great combination from other indicators. RSI, VOLUME and MA are already fine for me in cryptomarket since most of the time, the hype invalidate the indicators so better to get updated from the news and market situation as well.
My million-dollar advice for newbies.When you are newbies in the crypto market, don't trade.
Instead of trading (bad is Spot trading, worse is Margin trading, worst is Future trading), focus only with investment.
Good investments are from Bitcoin and top altcoins that don't increase too much. If you consider Dogecoin as a top coin, because you see it in the top 10, you are trapped. Look at the ranking table, then the chart as the second step.
When you have profit of 10 times from your capital, by investment, you can begin your trading (Spot) with your original capital.
The rest 90% that is all your profit, should be used to invest again, not to trade.
Trading from your profit will make you very careless and you will lose your profit too easily.
I like RSI the most too as jackg explained, I like indicators but everything is done retrospectively, but sentiment is what seems to be more understandable to me. This means also following the Fear and Greed indicator along with RSI. It has not always been helpful in Elon territory though:)
-snip-
Fear and greed index. This index is more important than Technical analysis. Follow it as one of most important indicator for your trading. The market is fluctuating from Extreme Fear to Fear, good time to accumulate.
The Fear and Greed Index provides very good information, especially with regard to a medium-term market analysis. It is not called "Buy when there is blood in the streets" for nothing. Everyone who took advantage of the extreme fear situation in the last two weeks for additional purchases is already massively up again (e.g. Cardano +30-40%):Fear and greed index. This index is more important than Technical analysis. Follow it as one of most important indicator for your trading. The market is fluctuating from Extreme Fear to Fear, good time to accumulate.
I am not at all sure whether another indicator has pointed to this rapid price reversal?
I use combination of technical and fundamental analysis before buy any crypto. For technical analysis is enough for me to use combination of EMA 25, 50 and 200 in daily timeframe and I did swing trading. Whenever the price above these EMA , that mean the support is strong and time to buy.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Welcome to chaotic trading with Bitcoin and cryptocurrency market.In crypto market, you must do your Fundamental analysis before do anything more. Because if you use technical analysis not correctly, you will have to hold your cryptocurrency. It is when your good Fundamental analysis will save you.
Fear and greed index. This index is more important than Technical analysis. Follow it as one of most important indicator for your trading. The market is fluctuating from Extreme Fear to Fear, good time to accumulate.
You can check this full tutorial of @EmperorBTC on Twitter: https://t.me/EmperorbtcTA/261
In that telegram channel, a lot of tutorials posted, full of FREE tutorials for trading.
You can take a look at that and very lot of indicator used with an explanation, of course, like how you will use it when to use it.
In that telegram channel, a lot of tutorials posted, full of FREE tutorials for trading.
You can take a look at that and very lot of indicator used with an explanation, of course, like how you will use it when to use it.
There are lots of good indicators for trading one indicator is enough but there is some other indicator never mention here on the forum.
I suggest you go to tradingview.com and check those indicators with many likes.
For myself, I mostly used EMA 20/50/100 and Williams fractal for short trading.
Try to check the Williams fractal it is one of the good indicators to get a signal for down or up trends and EMA 20/50/100 to decide how much ratio you will set your long or short position.
Here check this link below how to use the Williams fractal for scalping
- https://www.youtube.com/watch?v=juZlrecsIts
I suggest you go to tradingview.com and check those indicators with many likes.
For myself, I mostly used EMA 20/50/100 and Williams fractal for short trading.
Try to check the Williams fractal it is one of the good indicators to get a signal for down or up trends and EMA 20/50/100 to decide how much ratio you will set your long or short position.
Here check this link below how to use the Williams fractal for scalping
- https://www.youtube.com/watch?v=juZlrecsIts
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
There are lots but I do only make use of the following into my trades.1.MACD
2.EMA
3.Common support and resistance lines
4.RSI
5.Fibonnacci
Its up to you on how you would mixed it out but as long it would turn out to be positive towards your trades
then its your choice on which one. Goodluck!
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
Indicators are free to use on every exchange platform and make sure you are using a platform that allows you to analyze the price.Here's my common list for the indicators.
1. Price
2. Volume
3. Moving Average
4. MACD
4. RSI
5. Fibonacci
You have to familiarize yourself on many indicators and use all of them to complement each other and for you to create a great strategy in trading that allows you to take profit.
the most important thing is to learn first the most basic basic indicators of all. on all aspects of trading volume, reading support and resistance, average token price over a period of time and much more. the point is to learn from the slightest thing concerning crypto trading.
I'd recommend you use personal edpecience and experiment and try to test a few things out yourself to see what's good to use.
I think the RSI is good for working out the sentiment of the market in some ways but it's good to cross reference it with something else as it won't work on its own - I use it in conjunction with a specific strategy for example.
I think there are indicators for volatility that might be usable but I can't remember what they're called.
I think the RSI is good for working out the sentiment of the market in some ways but it's good to cross reference it with something else as it won't work on its own - I use it in conjunction with a specific strategy for example.
I think there are indicators for volatility that might be usable but I can't remember what they're called.
Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
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