What Is the Best Indicator?
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Thread: What Is the Best Indicator?

  1. #1
    Hi Everybody,

    That is the question that I have been asked so many times.

    What's the best indior?

    Well! In case you ask me I must say that the very best indior is the indior which is punctually. Of the indiors that we have are delayed. Their formulation uses the information of this events and provides some info that we must utilize for the future. It doesn't make sense, does it?

    It is like you say tomorrow it will rain since it has been raining since three days ago! This is not logical. That indiors create a lot of signals and a lot of beginners lose all the money they have in their accounts just because of following the indiors signals.

    There is just one indior which is not delayed: Candlestick!

    Candlesticks are the only real time indiors we've. Are the most accurate signals.

    You only need to devote some time and understand the terminology of the candlesticks. If you do that you are going to see that they actually speak with youpersonally:

    gt; Bulls are getting stronger...

    gt; Bears are looking so hard to take the control but have never been effective so far...

    gt; Bears failed to select the control and hence the price will keep on going up by today.

    Gt; The market is within an indecision standing because both Bears and Bulls are as strong as each other. Wait...

    Yes! They speak with you and you can not hear these news from any indior.

  2. #2
    Candle stick is the same as a bar? Just a variation?
    If it's so, then price action is the only real time indior, a candlestick or bar is merely the way of quantifying the price action, much as a line for a moving average or RSI.
    best regards!

  3. #3

  4. #4
    Quote Originally Posted by ;
    candle stick is the same as a bar? Just a variation, maybe not so?
    If it is so, then price action is the only real time indior, a candlestick or bar is just the way of measuring the price action, like a line for a moving average or RSI.
    best regards!
    Hello,

    It is not the same as bar but so similar. Like the bar, every candlestick shows four distinct prices: open, close, high and non

    But there are a lot of talks and rules about the shape of the candlesticks that make it different.

    Yes, candlesticks are shaped by the price movement but they are really distinct from RSI and other indiors.

    Price is the first indior. That is right but something that translates the price movement that we may know is better. A line chart may never give the signals to you the candlesticks give.

  5. #5
    Quote Originally Posted by ;
    Hi,

    It really isn't the same as pub but so similar. Like the pub, every candlestick shows four distinct prices: open, close, high and non

    However there are a lot of discussions and rules concerning the form of the candlesticks which make it different.

    Yes, candlesticks are shaped by the price movement but they are quite distinct from RSI and other indiors.

    Price is the first indior. That's right but something which contrasts the price movement to some language which we can understand is better. A line chart can not give you the signs the candlesticks give.
    I didnt state the price action is similar to the RSI, you misread. I stated the bar/candle that is utilized to assess the price action, can be compared to. The bar/candle is a tool for quantifying this price action and isn't the true indior. Sorry for any confusion.

    P.s.- candlesticks aren't shaped by price motion, but vice versa, the price movement, or if you would rather, the motion of price is shaped by the candlesticks. On a chart.

    best regards.

  6. #6
    Quote Originally Posted by ;
    candle stick is just like a pub? Just a thicker variation?
    If it is so, then price action is the only real time indior, a candlestick or pub is just the means of quantifying the price action, much like a line for a moving average or RSI.
    best regards!
    I feel that the bar chart shows me price action better afterward candles. I am able to identify by how price looks through pubs. . Just me though nothing wrong with candles as I think it shows more of the bear/bull emotions...

  7. #7
    Quote Originally Posted by ;
    p.s.- candlesticks aren't shaped by price movement, but vice versa,
    Is this some kind of closely held 1KT secret? Or just a joke? Or am I simply too thick to understand what you're saying? Candlesticks (and bars) are graphic representations of price action displayed on a chart. As price changes, the configuration of these candle/bar changes, not the other way around. Price increases, candle/bar moves upwards; price decreases, candle/bar moves down.

    This is one of the fundamental tenets of technical market analysis that I believed I knew reasonably well. Maybe not.
    Quote Originally Posted by ;
    the price movement, or if you would rather, the movement of price is shaped by the candlesticks. On a chart.

    best regards.
    And this time I was under the belief price movement was shaped from the market!

  8. #8
    Quote Originally Posted by ;
    I didnt say that the price action is similar to the RSI, you misread. I stated the bar/candle that is used to measure the price action, can be compared to. The bar/candle is a tool for quantifying this price action and is not the indior. Sorry for any confusion.

    P.s.- candlesticks are not shaped by price motion, but vice versa, the price movement, or if you would rather, the motion of price is shaped by the candlesticks. On a graph.

    best regards.
    Yes; traders do not know the candlesticks as indior. This is. For me they are the very best indiors of the price scenario and they give a lot of information about the movements that are next which other indiors cannot give.

  9. #9
    The indior that is very best is the one which makes you cash, I don't see what other criteria need apply. There's no objective'finest'.

  10. #10
    Quote Originally Posted by ;
    Price is the best indior.
    well said

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