Best trading indicators?

Discussion in 'Forex' started by Elison0, Nov 19, 2023.

  1. %%
    Good .
    Another problem with using only fixed inputs , when they stock split of ETFs split ,can be super confusing LOL.
    Plus , the price of a home or anything in 1933, could be fun/ but not so much useful this year.
    Good repeating patterns, 50% off sale tends to be a big winner, no wonder they do ads on it.
     
    #21     Nov 22, 2023
    KCalhoun likes this.
  2. Andrew_0

    Andrew_0

    In my view, RSI, moving average, stokistics, bollinger bands and Fibonacchi are good indicators.
     
    #22     Nov 23, 2023
  3. SmithFX

    SmithFX

    To catch the market trend, I think moving average is the best indicator.
     
    #23     Nov 24, 2023
  4. Sergio123

    Sergio123

    Do any brokerage platforms integrate GPT as a direct plug-in yet?

    That should help to optimize the settings for strategies using different technical indicators.

    I still need to go to Bard and Chat-GPT and ask it to write code snippets and it is usually incorrect.
     
    #24     Nov 24, 2023
  5. In a market where the daily exchange rates of EUR, USD, GBP, AUD, NZD, CAD, CHF, and JPY all reach zero, a parity chart wouldn't provide any useful information. Trading on a single pair would be the hardest way to profit. It's easier to compare pairs against each other rather than dealing with just one.
     
    #25     Nov 26, 2023
  6. Agree, price Action (PA) and Moving Averages (MA) are top-notch indicators in technical analysis. PA reflects market sentiment through price movements, while MAs smooth out trends, aiding in identifying potential entry and exit points.
     
    #26     Nov 29, 2023
  7. #27     Feb 7, 2024
    JayDomK likes this.
  8. JayDomK

    JayDomK

    One question, if I may. What is the probability that these harmonic patterns will work as written in these articles? I mean, will the bullish trend be in 8 out of 10 cases or only in 5 out of 10?
     
    #28     Feb 7, 2024
    murray t turtle likes this.
  9. %%
    SINCE they used the word ''predict'' not anywhere near that good:D:D
     
    #29     Feb 7, 2024
  10. ph1l

    ph1l

    Here are a few resources that could help you find the answer.
    https://www.geocities.ws/tradeharmonics/harmonic-pattern-success.html
    Harmonic Pattern Success Rates

    https://www.cse.ust.hk/~rossiter/in...rmonic_patterns/trading_harmonic_patterns.pdf
    Analysis of Trading with Harmonic Patterns in US Stock, Forex, and Crypto Market

    https://www.tradingview.com/script/...rn-Detection-Prediction-and-Backtesting-Tool/
    Harmonic Pattern Detection, Prediction, and Backtesting Tool
     
    #30     Feb 7, 2024
    JayDomK likes this.