Been trading for a while now and keep switching between different indicators.
Currently using RSI and moving averages but wondering what actually works for most of you in real market conditions.
MACD and volume. Simple setup that actually makes money.
Bollinger Bands work well for me. Shows volatility and potential reversals pretty clearly. This video covers price action basics if you want to try that approach instead.
Price action beats indicators every time. After years of testing combinations, I stick with support and resistance levels and market structure breaks. These show you what price actually did, not what some formula thinks it might do. If you must use indicators, keep it simple. One momentum indicator like RSI is enough. Multiple indicators just create confusion and conflicting signals. The market doesn’t care about your moving average crossover when news breaks.
I use a combination of the 20 EMA and ATR for my entries and position sizing.
The EMA helps me stay with the trend direction while ATR tells me how much the pair typically moves so I can set realistic stops.
Keep testing what works with your trading style though because everyone trades differently.
Stochastic oscillator has been my go-to for years. Catches those overbought and oversold levels better than RSI in my experience.
Used to run charts with 5-6 indicators but that was a mess. Now I just combine stochastic with basic trend lines and call it a day.
The key thing I learned is that no indicator works in all market conditions. Stochastic gets choppy during strong trends but nails the reversals in ranging markets.
Test whatever you pick on demo for at least 2 months before risking real money. Most traders switch indicators too fast without giving them a proper chance.