Forex Zone | Forex Forum

Characteristics of a Good Indicator

Discussion started on Forex Education

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 84
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
Characteristics of a Good Indicator in Forex Education_xx
or see friends of forex traders who often search and want to try various indicators, remind me of past trading exercises. I want to find and use one indicator with another indicator. It turned out that what had been tried did not match or did not match what was expected. There are always weaknesses, the signals given are inaccurate, or difficult to control on one of the indicators encountered.

good indicators

Such problems sometimes feel tedious. Maybe friends have experienced frustration when testing one of the favorite indicators, but it turned out that after being used several times it produced a fatal error. Even though initially it was felt the most suitable.

Finally those who have found weaknesses in the indicator of choice, then try to find more indicators that are easier to help in getting profit. Although sometimes what they are looking for cannot be found. Maybe you are still searching for indicators that are suitable or at least able to make it comfortable with the signals they give. Here are some descriptions that can help you in choosing indicators:


1. Easy to understand
A good technical indicator is an indicator that can be known by its formula and can be known the flow of the market symptoms that are happening. When prices rise or fall, the indicator can formulate a picture of the signal that is happening. When the price has reached a certain increase or decrease and has saturated the trend, the indicator can calculate how close the area is to saturation with the current price momentum.

When the formulation is known, and the arithmetic calculation is in accordance with the logic, the flow in the indicator can be clearly drawn. You can understand the mindset of indicators according to market movements. But if you feel you don't understand certain indicators, maybe you will feel right now because by chance the signal given is very good and looks accurate, but when you use it everyday, the indicator will show its weakness. So understand the storyline and formulation of the indicators that you expect.


2. Not complicated
Sometimes there are lots of indicators that are easy to understand, easy to know the mathematical calculation program flow, but difficult to use. Remember, mastery of the indicator is not determined by how complicated the indicator is but from simple in helping to find the signal.

What do you expect when there are complicated indicators? Of course you will first try hard to read, understand, and translate the weaknesses and strengths. But when the indicator is too complicated to translate the signal that will be used in forex trading, then you will have difficulty in making transactions.

Complex or simple an indicator for trading, will not determine your trading results. Many things that can be done to improve trading results actually have nothing to do with indicators.


Conclusion
To find a good indicator, you can see from two sides. The first is the ease of understanding the contents of the trip signal that can be obtained from the indicator. The second is how complicated or not an indicator can be understood.

When you have indicators that are simple, easy to understand, and not complicated to use, you can already find indicators that are suitable and comfortable in the analysis. When you are comfortable with these indicators, the weaknesses of the indicator will be changed to excess. If you are able to recognize his weaknesses and be transformed into an advantage, then your trading will feel exciting.


Linkback: https://www.forex.zone/forex-education/29/characteristics-of-a-good-indicator/748/
#1 - February 04, 2019, 07:03:11 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 170
  • Points: 534
  • Likes Received: 59
  • Reputation: +3/-0
Characteristics of a Good Indicator in Forex Education_xx
good, the discussion, if in my opinion the characteristics of a good indicator have characteristics that are simple and easy to understand such as Moving Average and pivot point indicators, in my opinion have good characteristics , 
#2 - February 04, 2019, 09:05:15 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 546
  • Reputation: +15/-3
Characteristics of a Good Indicator in Forex Education_xx
good, the discussion, if in my opinion the characteristics of a good indicator have characteristics that are simple and easy to understand such as Moving Average and pivot point indicators, in my opinion have good characteristics ,
That's right sir, I think all systems are the same, by analyzing the market I also often use pivot analysis points, in addition to analyzing Moving averaging.
#3 - February 04, 2019, 09:16:24 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 170
  • Points: 534
  • Likes Received: 59
  • Reputation: +3/-0
Characteristics of a Good Indicator in Forex Education_xx
yes it is a good indicator to use especially for beginners, because it is very simple to understand
#4 - February 04, 2019, 09:20:49 AM

  • Posts: 113
  • Points: 0
  • Likes Received: 20
  • Reputation: +0/-0
Characteristics of a Good Indicator in Forex Education_xx
in my opinion the characteristics of a good indicator are indicators that are easy to understand and also easy to understand by a novice trader, and also easy to read the direction of the movement to determine the buy or sell of an indicator
#5 - February 05, 2019, 12:29:19 PM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 1157
  • Points: 113
  • Likes Received: 157
  • Reputation: +67/-0
Characteristics of a Good Indicator in Forex Education_xx

The ease of use is indeed the main parameter for me to see whether the indicator is worthy of us to use or not. because the indicator functions and helps us to read market movements, therefore we must choose the simple one and not make us confused when using it, one of the simple and easy to use indicators is the moving average
#6 - February 06, 2019, 05:26:25 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 546
  • Reputation: +15/-3
Characteristics of a Good Indicator in Forex Education_xx
The ease of use is indeed the main parameter for me to see whether the indicator is worthy of us to use or not. because the indicator functions and helps us to read market movements, therefore we must choose the simple one and not make us confused when using it, one of the simple and easy to use indicators is the moving average
That's right, sir, analyzing the market by using indicators that are simple and easy to understand, making market analysis more leverage.
#7 - February 06, 2019, 05:31:44 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 75
  • Points: 0
  • Likes Received: 20
  • Reputation: +0/-0
Characteristics of a Good Indicator in Forex Education_xx
My opinion is easy to understand and whipsaw free. BTW best indicator is price and volume learn from it first before indicator.
#8 - February 06, 2019, 05:36:56 AM

  • Posts: 151
  • Points: 0
  • Likes Received: 57
  • Reputation: +0/-0
Characteristics of a Good Indicator in Forex Education_xx
yes I agree with that. I don't even use technical tools such as moving averages and oscillators. I only rely on supply and demand and then confirmed the price action candlestick
#9 - February 06, 2019, 06:24:36 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 546
  • Reputation: +15/-3
Characteristics of a Good Indicator in Forex Education_xx
a good forex indicator is an indicator that can be understood and can provide valid sign. according to me candlestick is part of the indicator too.
#10 - February 07, 2019, 05:34:48 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
Characteristics of a Good Indicator in Forex Education_xx
I agree with the description you gave, indeed the indicator does not need to be complicated but it is quite a simple indicator. My thinking that all indicators are the same and the accuracy of an indicator depends on the mastery of each trader, the more simple an indicator, the easier it will be to learn and understand.
#11 - February 07, 2019, 07:51:10 AM

  • Characteristics of a Good Indicator in Forex Education_Queen
  • Posts: 59
  • Points: 0
  • Likes Received: 10
  • Reputation: +0/-0
Characteristics of a Good Indicator in Forex Education_xx
a good indicator is we know the functions and uses. indicators are made to facilitate trade rather than traders
#12 - February 08, 2019, 12:50:53 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 84
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
Characteristics of a Good Indicator in Forex Education_xx
good, the discussion, if in my opinion the characteristics of a good indicator have characteristics that are simple and easy to understand such as Moving Average and pivot point indicators, in my opinion have good characteristics ,
yep bro thank you for stopping by, right MA is the first indicator there is, after cs because the graphics are just the line
#13 - February 09, 2019, 04:50:23 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 84
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
Characteristics of a Good Indicator in Forex Education_xx
That's right sir, I think all systems are the same, by analyzing the market I also often use pivot analysis points, in addition to analyzing Moving averaging.
I haven't even exported the pivot point yet, I'm just exploring, in the future I will export the pivot point
#14 - February 09, 2019, 04:51:45 AM

  • Characteristics of a Good Indicator in Forex Education_index
  • Posts: 84
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
Characteristics of a Good Indicator in Forex Education_xx
My opinion is easy to understand and whipsaw free. BTW best indicator is price and volume learn from it first before indicator.
Wow, how come this is how of course the price and volume, bro, can you share here for the newbie stuff
#15 - February 09, 2019, 04:53:17 AM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
Psychological Characteristics of Professional Traders

Started by zanurreload on Forex Education

78 Replies
1064 Views
Last post September 16, 2021, 10:28:31 PM
by self
xx
Characteristics of scam and fraud brokers

Started by Misca on Scam Brokers

68 Replies
3029 Views
Last post August 01, 2021, 10:26:38 AM
by Razor
xx
Good Psychology?

Started by Nendi71 on General Forex Discussion

119 Replies
1246 Views
Last post September 18, 2021, 10:55:32 PM
by Adofo
xx
Good trading with indikator

Started by Bayu maryanto on General Forex Discussion

54 Replies
801 Views
Last post September 12, 2021, 05:07:15 AM
by Holm