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TFC Commodity Trading Forum

how to trade the price action *LINK* *PIC*

Clean” Charts vs. “Messy” Indicator-laden Charts

Next, to demonstrate the stark contrast between a pure P.A. chart and one with some of the most popular forex indicators on it, I have shown two charts in the examples below. The chart on the top has no indicators on it, there’s nothing but the raw P.A. of the market on that chart. The bottom chart has MACD, Stochastics, ADX and Bollinger Bands on it; four of the most widely used indicators AKA “secondary” analysis tools as they are sometimes called: