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Old 08-07-2005, 14:05   #31 (permalink)
graemenash
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Re: Indicators are overhyped... The truth about them...

Or you could just use MT4 which is free and has all the indicators you'll ever need either bundled in or available around the net.

As for indicators, they work, if used in the right way. Sure there's probably not many traders making money from MACD signal crosses or selling when they see an overbought stochastic.

Hence newer ways of using indicators, such as combining them or using divergence. Look at the CCI methods that have come out of the "woodie" group - very different from the original usage of CCI when it first appeared.

Now I have a bias, given that I'm a proud user of 24 indicators but i don't see how you can declare them worthless when many traders out there are using them successfully...

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