How to decide whether an indicator will suit with our trading system or not?

1 View
Cecilia Clarke
Answered 5 months, 2 weeks ago
<p id="isPasted">In a sideways or channeling market, where prices oscillate between support and resistance levels, oscillators like RSI and stochastic can help identify overbought and oversold conditions. Choosing the right indicator starts with recognizing the market environment you’re trading in.&nbsp;</p><p>While technical indicators are valuable tools, sometimes the best insights come from simply notating the chart with hand-drawn tools. Drawing trendlines and price channels can help identify the overall market direction, while Fibonacci retracement levels highlight potential support and resistance zones where price may react. &nbsp;</p><p>By manually marking key levels and patterns, traders can develop a deeper understanding of market …</p>