I would ban all indicators!!!
Are you joking or something? I trade based on my favorite indicators. How could a complete ban even be possible?
No perfect indicator, it is only a help tool, indicators can't make the price move rise or down, but they take previous price histories calculated with certain formulas. I have no idea to ban the indicator because it is only tool trading. Even I do not always use indicators and like naked chart patterns, make trading simple.
I hope this does not offend you, but this was crystal clear that indicators cannot move the price! I think even someone who has never seen a chart know this fact! what I meant was that which one is the one that you think mostly misguides you, and does not help you; therefore you do not want other traders to use that.
If you could totally ban the use of any famous indicator, to benefit traders, which one would you totally ban?
i will ban MACD
why dude?
Is there something about them that I don't know? coz I personally like it.
The least useful technical indicator in trading can vary depending on individual strategies and preferences, but many traders find that overusing or relying solely on a single indicator, without proper context or confirmation from other tools, can be less effective. Examples often cited include outdated or overly simplistic indicators that don't adapt well to modern market conditions. It's generally advisable to use a combination of indicators and tools to make more informed trading decisions.
I believe RSI because it lacks any unique qualities.If you could totally ban the use of any famous indicator, to benefit traders, which one would you totally ban?