I wasn’t really aware of this, but looking at the basics of “Ichimoku” I do see that the Tenkan Sen and Kijun Sen are both exactly the same thing as the midlines of Donchian channels with two different settings.
Interesting! 
That makes me wonder what the other one is (if you don’t mind being asked)?
Past price action, which all indicators derive their formulas from, cannot forecast price better than randomness.
Future prices are influenced by orders placed in the market. Groups of limit orders, stop levels, option levels, will always influence price more than past price action.
If this is so, why are indicators used by traders on the trading floors of major financial institutions?
Honestly, it’s training wheels, a way to sell courses, or to capture eyes of new traders.
When I worked for OrderFlowTrading(.com), we noticed our order flow trades that beat expectations and go in to profit never caught the eyes of aspiring traders. We would jokingly put indicators on the chart after the fact, and get 10x more site traffic just because it looked like we had a magical system to beat the market.
After I was able to run trading algos, there’s no way an indicator-based system could gain an edge as there is an infinite amount of CPU processing looking and trading inefficiencies faster than anyone could spot them and trade them back to efficiency faster than any human.
Not at all (I wasn’t trying to make a mystery out of it, was just in a hurry and it takes a minute to explain).
The other one’s also a crossover, between two moving averages (fast/slow) of an RSI, but the RSI itself isn’t shown.
I start looking at the price action for potential entries only when both my pairs of indicator lines have crossed and are running in the same direction. So it’s all directional bias, for me: I’m not entering trades on the basis of indicator-lines crossing. I don’t believe in that.
Thanks. The fast one is kind of a substitute for the RSI itself, perhaps, so that in essence what you’re doing is looking at the crossover of an indicator and a slow moving average of itself?
Exactly the same principle as an MACD, where the signal line (“slow line”) is a moving average of the MACD line (“fast line”)?
You should start a Journal here (with charts!). 
Few are better, for me. I use 2 moving averages but I make fast trades from the price action.
hello
what are your favourite indicator? what’s better to use for a beginner
I’m going to try ea and manual trading
I myself would use strategies that are simple like grid trading, it’s simple and you can pair it with RSI. Having too much indicators would lead to more “noise”.
This is a great question, and like the OP, I’ve also felt overwhelmed by the sheer number of indicators available! The consensus here about “less is more” and truly understanding how a couple of indicators complement price action, like Cryptic7 mentioned, makes a lot of sense.
I did not mention above that now I also use PSAR for moving my stop loss, often. So I am using three often, not two as I said. 
Hi @Emily.Emmaleigh,
There are many type of traders. The way they trade, depend on skill. Many pro-trader use only trendline. Some of them using different period of MA. When I was in firm, most of us trade without indicator. Some of them, using indicator just to emphasis certain aspect in the market. So indicator wasn’t the priority. It was probably they were led by the same person 
When it was my time to lead them, I also didn’t use any indicator.
My opinion, the best way to trade is without indicator. Reason is simple, indicator is prone to give wrong signal on certain market condition. Knowing market dynamic is the best way to survive as I know. When you know market dynamic, you can pick any indicator to magnify certain market condition. From here, indicator can give you more accurate signal.
If you really want to use indicator to trade, ideally you need only 2-3 indicators to identify trend, momentum and signal.
“You show me yours and I’ll show you mine” 
I usually find 2-3 are good, but once you build up a strong base, if you can find another indicator, then add it if it makes sense. It all depends on your strategy.
In principle, fewer indicators is better — clarity beats clutter. Too many indicators often cause confusion, delayed signals, and conflicting setups, while a simple approach helps you focus on price action, market structure, and key confluences.
I agree a few is better.
Great question! Look into reading “Naked Forex” by Walter Peters & Alex Nektritin this should answer all your questions regarding indicators!
The only “question regarding indicators” it answers at all is whether you need them. (It says not, as the book’s a collection of trading systems based on indicator-free price action.)
There’s no other information about indicators in the book at all, no other discussion of them and no other questions answered, or attempted to be answered.
I realise that you know this, but others reading your response above won’t, and I’m sure you wouldn’t want people rushing out to buy the book, expecting all their indicator-questions to be answered, on your recommendation!! 
I’m new to forex trading and a bit overwhelmed by how many indicators there are. As a beginner, how many should I focus on, and which ones are best to start with?