Ever Changed Your Mind About an Indicator?

[maya95]

Was there ever an indicator you thought was totally useless, but later it actually grew on you? What made you change your mind?

 

[Mr.River]

actually the exact opposite happened, I used MACD and RSI latter I realized I am not increasing my winning ratio but just reducing the number of trades that I make!

 

[Zerologic]

I was once interested in Ichimoku, which is said to be the most complete indicator, but over time, I felt that this indicator was useless because of its high level of complexity and the need for extra patience.

 

[rmufti68]

These indicators are only provides lagging information about the markets and hence can not be depended for market's future performance yet you may use them on your charts to get confused. That was my change of mind about the indicators.

 

[Mr.River]

These indicators are only provides lagging information about the markets and hence can not be depended for market's future performance yet you may use them on your charts to get confused. That was my change of mind about the indicators.

Not all the indicators are lagging; some are even leading but currently I believe none of them are even useful

 

[Amadeus.V]

Yes, actually. I used to rely on the RSI in the conventional way, using the 20 and 80 levels to identify overbought or oversold conditions and take trades based on that. It didn’t work well for me at all. Nowadays, I use RSI primarily for divergence, but in a way that follows my own setup, not the typical textbook divergence. Since making that shift, my results have improved significantly.

 

[Zerologic]

These indicators are only provides lagging information about the markets and hence can not be depended for market's future performance yet you may use them on your charts to get confused. That was my change of mind about the indicators.

Price action and candlestick patterns are quicker to give trading signals than indicators, as almost all indicators take data histories of the prices. However, I still like to use indicators such as Bollinger band and RSI as a help tool.

 

[maya95]

actually the exact opposite happened, I used MACD and RSI latter I realized I am not increasing my winning ratio but just reducing the number of trades that I make!

Sometimes less is more, right?

Post automatically merged: Jun 23, 2025

I was once interested in Ichimoku, which is said to be the most complete indicator, but over time, I felt that this indicator was useless because of its high level of complexity and the need for extra patience.

Yeah, patience isn’t always easy when you want quick clarity. Been there!

Post automatically merged: Jun 23, 2025

These indicators are only provides lagging information about the markets and hence can not be depended for market's future performance yet you may use them on your charts to get confused. That was my change of mind about the indicators.

Yeah, sometimes it feels like trying to read the future with yesterday’s news.

Post automatically merged: Jun 23, 2025

Yes, actually. I used to rely on the RSI in the conventional way, using the 20 and 80 levels to identify overbought or oversold conditions and take trades based on that. It didn’t work well for me at all. Nowadays, I use RSI primarily for divergence, but in a way that follows my own setup, not the typical textbook divergence. Since making that shift, my results have improved significantly.

Yeah, real results come from doing you.

 

[rmufti68]

The candlestick charts are most easy to learn and understand as compared to other charting patterns in the trading industry. Moreover, some of the candlestick pattern usually repeats as well which can be learn with the time.

 

[hayseed]

Was there ever an indicator you thought was totally useless, but later it actually grew on you? What made you change your mind?

//------
good questions......

i might be the most indicator addicted person on this forum...... they seem to benefit me......

after 10 days i still struggle to think of a single indicator that fits your first question......

there are some i still can't see a use for, but that does not make them useless......

there are some so difficult to use that i don't, but again that does not make them useless.....

there is a indicator which comes close, the zigzag....... at first it seemed a real pain to use.....

.....h

 

[Briefings_Forex]

Was there ever an indicator you thought was totally useless, but later it actually grew on you? What made you change your mind?

Yeah, RSI was that for me. At first it just felt vague and laggy, but once I stopped using it as a buy-sell signal and started using it to spot momentum shifts and divergences with price structure, it made way more sense. It’s one of those tools that clicks better once you pair it with actual context.