The Best Forex Indicators: Hype or Holy Grail?

[PipInfuse]

What are your go-to indicators for Forex trading? There are so many different ones out there, from the classics like RSI and MACD to the more obscure ones. Are there any indicators that you've found to be particularly effective? Or do you think they're all just noise?

 

[Zerologic]

In my view, indicators are only tools to help traders, no one is always perfect at providing trading signals, like advisors, the advice given can be used or ignored.

 

[fargana]

I use indicators like ATR, RSI, MACD, Bollinger Bands, and Keltner Channel, along with candlestick analysis, and I try to mix them up to get more reliable trading signals. I use these to pinpoint support and resistance levels more accurately since I build my trading systems around the S/R concept.

What are your go-to indicators for Forex trading? There are so many different ones out there, from the classics like RSI and MACD to the more obscure ones. Are there any indicators that you've found to be particularly effective? Or do you think they're all just noise?

 

[Benjifxfreak8696]

Just pure hype and nothing special to them. Mostly just MA based useless stuff. I mean honestly indicators are not even that necessary for trading.

 

[David79]

Just pure hype and nothing special to them. Mostly just MA based useless stuff. I mean honestly indicators are not even that necessary for trading.

I agree. I feel that indicators can help with confirmation but they’re not everything. I personally use a mix of RSI and support/resistance levels to keep things simple. It’s more about how you use them rather than relying on them entirely.

 

[ChelseaR]

I am new to trading, and currently experimenting with a few indicators to find what works the best for me. I have been using RSI to check the overbought and oversold conditions and Moving Average for spotting trends. I also tried MACD to identify the trends patterns and entry and exit points for my trade.

I have come to the understanding the indicators work even better when combined with support and resistance levels. I am still finding the one that would best suit my style of trading, if you have any suggestions, feel free to share!

 

[Benjifxfreak8696]

I agree. I feel that indicators can help with confirmation but they’re not everything. I personally use a mix of RSI and support/resistance levels to keep things simple. It’s more about how you use them rather than relying on them entirely.

Yes, exactly useful for confirmation only, and your combination of RSI and S/R is great and nothing overcomplicated and the rest is on your own shoulders and your take on the market. Love it, we are not so different.

 

[David79]

Yes, exactly useful for confirmation only, and your combination of RSI and S/R is great and nothing overcomplicated and the rest is on your own shoulders and your take on the market. Love it, we are not so different.

I'm glad you think so! I’ve learned that keeping it simple works best for me.

 

[Benjifxfreak8696]

I'm glad you think so! I’ve learned that keeping it simple works best for me.

Yes, same goes for me in that aspect.

 

[linux_usr]

williams percent range is pretty good. wpr

 

[Milo_fx]

I usually stick to the classics like RSI and MACD, they're simple, reliable, and give a clear picture of momentum and trend strength. But for precision, I also use Fibonacci retracements to spot potential reversal levels. I’ve realized that combining a few indicators rather than relying on just one helps cut through the noise and confirm setups better. Too many indicators, though, can be overwhelming.

 

[Faillims43]

For Forex, I rely on RSI, MACD, and moving averages—simple but effective. Avoid overloading charts; focus on price action too. Indicators help, but discipline & risk management matter most!

 

[rmufti68]

The EMA with 20, 40 or 9,18 settings can be helpful in determining the market swings in my opinion. Rest, there are many good indicators in the market which can help us navigating the market.