Depends on the timeframe. For swing RSI, for trendfollowing MA. There are not many options out there. Most indicators are similar and all of them lag price activity.
Fibonacci & being able to draw Supply/Demand on a chart, for Trend trading. "Average True Range" for trading Noise.
Agreed. Another contender might be Donchian Channel for breakouts/trend trading (although you'd have had a few rough years recently waiting for the good times to roll again)...
A consistently positive PnL Technical or not - it is the ultimate indicator..., always accurate..., and real time RN
%%%%%%%%%%%%%%%% Tough question J Trades; trend wise answer=10 year/all data , candle charts -price+ end of day/end of month-price. Also as IBD [Investor Business Daily does], 50 dma-price , 200 dma-price, 50 dma-volume..........................................................................Donchian channels help.; wisdom is profitable to direct. Dont really need moving averages, but they are so good about underline prive, overline price.
Ah yes, but how to use it? Increase size when the green number is big (increase risk using recent profits as a buffer)?
Nope - this trade's result has nothing to do with the next Increase size as one's PnL.., and skills increase (dealing with greater size/ capital has its own pitfalls which must be traversed) RN
You can't use it. A consistently growing PnL is the goal, not a technical indicator aka a tool used to achieve the goal. If traders would stop distorting the language, they'd make progress faster. Technical indicators are about timing, not about sizing.