Quote:
Originally Posted by scorpion
How is it helpful to new trader? I don't see how your post helps anyone, seriously.
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Scorpion
Attached is a chart with several indicators.In addition to the 5 free indicators and price action plus supertrend indicator to read ,a trader has to look at many other aspects of trading .If there was just one indicator which calculates overall market strength , the trader can rely on it and make better decisions on the trading ,instead of putting his energies on trying to work out the overall market strength from looking at 7 different sources, trying to work out false signals,correct signals,trend,overrbought,relative strength,trend trength , price action etc.It would be a lot easier just looking at one indicator ...make life so simple
In the atttached chart there are so many lagging and false signals from all the different indicators, but if you put them all in one great indicator, I'm sure a lot of those false signals would be eliminated or reduced ...if price action is also implemented in one indicator.
That is my opinion and thats what message boards are for ...discussing indicators etc
If new TRADERS are using indicators ,I suggest using only one or two indicators ....ones that are non lagging and predictive
OILFXPRO
