Can any one suggest best indicator for trading?

[infobiactrader]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

[jackg]

I'd recommend you use personal edpecience and experiment and try to test a few things out yourself to see what's good to use.

I think the RSI is good for working out the sentiment of the market in some ways but it's good to cross reference it with something else as it won't work on its own - I use it in conjunction with a specific strategy for example.

I think there are indicators for volatility that might be usable but I can't remember what they're called.

[Sterbens]

the most important thing is to learn first the most basic basic indicators of all. on all aspects of trading volume, reading support and resistance, average token price over a period of time and much more. the point is to learn from the slightest thing concerning crypto trading.

[samcrypto]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

Indicators are free to use on every exchange platform and make sure you are using a platform that allows you to analyze the price.
Here's my common list for the indicators.

1. Price
2. Volume
3. Moving Average
4. MACD
4. RSI
5. Fibonacci

You have to familiarize yourself on many indicators and use all of them to complement each other and for you to create a great strategy in trading that allows you to take profit.

[Lanatsa]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

There are lots but I do only make use of the following into my trades.

1.MACD
2.EMA
3.Common support and resistance lines
4.RSI
5.Fibonnacci

Its up to you on how you would mixed it out but as long it would turn out to be positive towards your trades
then its your choice on which one. Goodluck!

[BitMaxz]

There are lots of good indicators for trading one indicator is enough but there is some other indicator never mention here on the forum.

I suggest you go to tradingview.com and check those indicators with many likes.

For myself, I mostly used EMA 20/50/100 and Williams fractal for short trading.

Try to check the Williams fractal it is one of the good indicators to get a signal for down or up trends and EMA 20/50/100 to decide how much ratio you will set your long or short position.
Here check this link below how to use the Williams fractal for scalping

- https://www.youtube.com/watch?v=juZlrecsIts

[GreatArkansas]

You can check this full tutorial of @EmperorBTC on Twitter: https://t.me/EmperorbtcTA/261
In that telegram channel, a lot of tutorials posted, full of FREE tutorials for trading.
You can take a look at that and very lot of indicator used with an explanation, of course, like how you will use it when to use it.

[SquirrelJulietGarden]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

Welcome to chaotic trading with Bitcoin and cryptocurrency market.

In crypto market, you must do your Fundamental analysis before do anything more. Because if you use technical analysis not correctly, you will have to hold your cryptocurrency. It is when your good Fundamental analysis will save you.

Fear and greed index. This index is more important than Technical analysis. Follow it as one of most important indicator for your trading. The market is fluctuating from Extreme Fear to Fear, good time to accumulate.

[apityeh71]

I use combination of technical and fundamental analysis before buy any crypto. For technical analysis is enough for me to use combination of EMA 25, 50 and 200 in daily timeframe and I did swing trading. Whenever the price above these EMA , that mean the support is strong and time to buy.

[Lakai01]

-snip-
Fear and greed index. This index is more important than Technical analysis. Follow it as one of most important indicator for your trading. The market is fluctuating from Extreme Fear to Fear, good time to accumulate.

The Fear and Greed Index provides very good information, especially with regard to a medium-term market analysis. It is not called "Buy when there is blood in the streets" for nothing. Everyone who took advantage of the extreme fear situation in the last two weeks for additional purchases is already massively up again (e.g. Cardano +30-40%):


I am not at all sure whether another indicator has pointed to this rapid price reversal?

[slaman29]

I like RSI the most too as jackg explained, I like indicators but everything is done retrospectively, but sentiment is what seems to be more understandable to me. This means also following the Fear and Greed indicator along with RSI. It has not always been helpful in Elon territory though:)

[SquirrelJulietGarden]

When I was a newbie I tried to understand every indicators and their function or help to analyze the trend and I can say that you don't need to know everything, you just have to choose the indicators that you think is important with a great combination from other indicators. RSI, VOLUME and MA are already fine for me in cryptomarket since most of the time, the hype invalidate the indicators so better to get updated from the news and market situation as well.

My million-dollar advice for newbies.

When you are newbies in the crypto market, don't trade.
Instead of trading (bad is Spot trading, worse is Margin trading, worst is Future trading), focus only with investment.

Good investments are from Bitcoin and top altcoins that don't increase too much. If you consider Dogecoin as a top coin, because you see it in the top 10, you are trapped. Look at the ranking table, then the chart as the second step.

When you have profit of 10 times from your capital, by investment, you can begin your trading (Spot) with your original capital.
The rest 90% that is all your profit, should be used to invest again, not to trade.

Trading from your profit will make you very careless and you will lose your profit too easily.

[electronicash]

if you wanna confirm what your RSI is signaling, you may wanna add momentum oscillator indicator along with RSI. they both work the same way but just to verify what your RSI is telling you.  this is going to be paired just like MACD is good to use along with the Volume.

fibonacci is when you just don't wanna draw trendlines anymore. you immediately see support and resistance with fibo.

[Kelvinid]

Trading volume, RSI plus to know candlestick reading, I think it was enough already to have good trading results. We don't need to have a lot of indicators in trading because it won't apply all in a certain scenario, some will just a decoration and it won't help. What most important is to have an effective strategy, with a good choice of a coin, then enjoy trading, it works perfectly.

And the other thing is that the output of our trades not only relies on these indicators but for us how to make a deal in every situation. It is all about decision making and sad to say that many aren't good with that stuff.

[crwth]

Getting the fundamentals is great, like moving averages and exponential moving averages. That's mostly the most helpful when you are trying to determine the current trend and when there's a buy or sell signal.

You know, the differences between indicators are just how they calculate the specific data that is available, whether you have a price, volume, average, etc. being computed, you would always reach a point where it represents something that you "want" to see. Everything in trading is subjective since every person has their own view of it. I would always go emotionless and use a bot, like Gunbot, to be consistent.

[Johnyz]

When I was a newbie I tried to understand every indicators and their function or help to analyze the trend and I can say that you don't need to know everything, you just have to choose the indicators that you think is important with a great combination from other indicators. RSI, VOLUME and MA are already fine for me in cryptomarket since most of the time, the hype invalidate the indicators so better to get updated from the news and market situation as well.

Getting yourself the right knowledge is the best first step before trading, if you're a newbie you might get overwhelmed by the information that is available but don't focus on that numbers because you can just choose the best and master that on how to implement it properly. I don't trade that much but when I do, I always go to the basic indicators like MA and RSI, these two can be a good indicator for long term trading but if you are day trading, better to have 3 to 5 indicators. There's also a BOT for trading which offer a default settings, you might also interested to know about BOT.

[Wind_FURY]

OP, before you follow anyone’s advice in this topic, ask them first their trading record. We Bitcoiners always follow this advice, “Don’t trust, verify”. You and I will be lucky to find a true, profitable trader in the forum who has more than a 5 year record of profit.

As plebs, we should remove the complications, and should zoom out, buy during bear cycles when the price is near the 200-weekly EMA.

[Ararbermas]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

if i were you mate watch some videos on youtube if you really want to learn some stuff related to this because that's what i do when i was new in trading and its very informative and helpful to be honest because on that wat you can easily follow whats the proper way to setup every indicators through the chart and what's the important thing as well for you to remember just to avoid doing mistakes..  That's why i highly recommended this s, so make some research now and start learning..

[Questat]

I think you need to trust yourselves rather than asking anyone that you will never know about their personal background.
By spending more time in trading, the more you can acquire knowledge and could discover what is the best indicator. I know not all traders are using all trading indicators, they just choose one or two, as it was enough for them.

I don't recommend any but I suggest to search your own and choose the indicators that you think will helps you. Nothing would say it was best and you will agree unless you have tried it and if it works.

[maydna]

I use Bollinger, MACD, RSI, MA, and others. But three indicator is enough to start and learn more about that. But don't forget about the news because the news can also affect the crypto market. It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.

You can search for more information by reading or watching the video from Youtube. With a simple keyword such as "how to use crypto trading indicator", you will get tons of information about that to start learning.