How many indicators are on your charts? | Traders Hideout - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


How many indicators are on your charts?

  #69 (permalink)

Super Moderator
Sarasota FL
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, YM
bobwest's Avatar
Posts: 5,154 since Jan 2013
Thanks: 39,922 given, 17,472 received

Silvester17 View Post

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well.

Somehow a lot of people don't seem to get this. A trendline is as lagging as a moving average: it tells what price did in the past. So does support/resistance. You have to figure out what it will do now, and you do it in relation to what happened before... which lags the present.

anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

This is all that matters, of course.


Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to bobwest for this post: