Monday, May 11, 2009

Best Technical Indicator

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Which is the best technical analysis indicatorket?

I would recommend those you know the best, but not more than 3 technical indicators. In addition I may recommend using ADX and ATR – not to generate signals but to recognize different market stages and adjust indicators setting accordingly. On my opinion majority of technical indicators works well. A trader just need to know what market he/she is trading is: is it strong trend, is it flat market, is it volatile or quiet. As a rule ATR and ADX gives this picture.

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