As you know by now I dont use indicators but I have tried a few. Im interested to know what your favourite indicators are and which ones you think are a total waste of time. This doesnt need to turn into an argument on whether indicators work or not, Im just interested in your opinion and reasons for using a particular tool. If you have an opinion then Id love to hear it because I am always ready learn something new from more experienced traders. The only rule is that for every negative opinion, you must have something positive to say about something else. Here is my list starting with the worst ones. Top 3 worst indicators: 3: MACD: Convergence divergence something or other. Usage: Apparently good for trends but sucks balls in a range. Comment: Totally useless when the market ranges which is a lot of the time. 2: Swing indicators: Draws a straight line joining swing high and low points. Usage: Helps you identify ranges and trends by highlighting swing points Comment: Im am going to be the ultimate lazy retard and get something to draw a line peak to trough because I can’t be bothered to simply look for myself. 1: Bollinger bands: A moving average with standard deviation bands. Usage: Scalping channel breakouts and contracting/expanding channels indicating price volatility. Comments: This pulsating intestinal tube goes against every common sense rule I can think of. By the time price breaks out of a channel it is already too late to enter the trade. Just as useless as a moving average. Top 3 best indicators: 3: Unirenko bars: More of a bar type but it has built in indicator. Usage: Cuts out a lot of ‘noise’ and makes the charts easier and more meaningful. Comment: The reversal bars are great indicators for scalping continuation trades. 2: Straight line. Usage: Identifies swing points and big round numbers. Comment: Draw a line at a point that interests you and set an alert. This awesome tool enables you to occupy your mind with something else instead of suffering a mental seizure from watching every tick of the chart. 1: Ichimoku Kinko Hyo: All in one package. Usage: At a glance trading. No more having to look to the left, this package does everything for you. Comment: Tells you trend, momentum and areas of support and resistance in one go. If my brain could cope with all the colours and imagery I would definitely be using this on my charts. Combined with renko bars this package can be very powerful.