Care to explain how it works in simple form
Wish you could explain this via a video
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Thatâs not a bad idea actually!
The Pieman always says to Simple_Simon âits never a good idea to give your personal contact details on a public internet siteâŚâ
Thanks now I knowâŚhow will I get the video thou
Leading indicators are also called Oscillators. These are the Forex technical indicators which give you an entry/exit signal before the actual occurrence of the respective event.
This alleged distinction is pure fiction.
Itâs totally wrong and has absolutely no underlying basis at all.
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No criticism intended, BK, but itâs one of those things one sometimes sees which is honestly so mistaken and weird that itâs almost comical.
Iâm guessing that you saw someone else saying it in a forum and just decided to believe it because the person sounded like someone who knew something?
Thatâs often how these deeply misguided ideas get passed on!
Displaying indicators in the form of oscillators below the chart doesnât give them any âless laggingâ or âmore predictiveâ powers than any other kind of indicator.
Displaying the information that goes into producing an âAwesome Oscillatorâ, for example, in its normal AO form doesnât make it any less lagging or more predictive than it would be by displaying the same moving-average-based information on the chart itself. The same is true of MACDâs and loads of others. Itâs just a convenient way to display it, reducing the information mathematically to something that ranges from -1.0 up to +1.0, or from -100% up to 100% (or whatever format is used), so that you donât have to gauge by eye the distance between lines and see whether theyâre converging/diverging or whatever, and clutter up your price chart panel with the same information.
If you think about it for a minute, youâll surely see that this is self-evident? 
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Thanks, Lukas - youâve said it much more clearly than I managed.
The point to understand is that whether itâs an âoscillatorâ or an âon-chart indicatorâ affects only how and where itâs displayed, not the historical price-information from which itâs constructed, so there couldnât possibly be any logic behind the contention that oscillators are somehow âless laggingâ than on-chart indicators.
Hi! ok⌠in very simple words it works like this: when the green line is above the two others, it is an upward trend. When the blue line is above - it is a downward trend.
I use it for some time so even donât need to watch the lines, itâs like intuitively I hope my explanation is understandable
I am also like with price action and candlestick pattern, this is simple way to analyze the trend market and usually will using candlestick ;pattern on daily timeframe and also H1 but look on weekly also to analyze major trend
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Thatâs pretty obscure even by your standards, Bearish. Honestly, you couldnât make up some of the gibberish drivel that passes for âforum postsâ, here.
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There is no such thing as âthe best indicatorâ. There are a lot of indicators and a lot of strategies using different indicators, all of which can be profitable. What people pick depends on what they need, so âthe best indicatorâ is a very subjective thing.
Not to mention that some people stick to pure price action altogether and donât use indicators.
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The best indicators are the daily and weekly charts 
Here I use EMA 21 and default sitting of RSI! In addition, I mainly use daily trading chart!
Yes, a daily and weekly chart works as a best indicator. But it not works continually. For that reason we have to depend on others on to calculate the market with certainly.
All we have specific trading indicators that we use to bring profit but there is no indicator which works 100%. How many pips you can earn by your trading indicators it competently depends on your money managing approach. So, try to ensure 100% money management approach.
Thank you very much. Very good and simple example. I can understand very easily.
In a nutshell, I look at the weekly chart, I place support and resistance on the weekly chart, switch to the daily and plot any that stare out at me, I donât look for them. These will be the highest probability for reversal or trend continuation. Then when I see one of those levels being hit, I will then place my stop loss above/below that candle, and put in a pending order at the level that gives enough profit. I risk the same amount on each trade, so my lot size will be double what it is when itâs 10 pips away from stop compared to 20.
Thatâs it really, I will split the trade, and close half when Iâve got some profit. Targets are the support and resistance lines.
Sometimes I have no idea if the market will go in my direction or not, but what I know is that if it does I aiming for over 3 to 1 profit or more.
I made 50% profit on my account this week, itâs a small amount, and I donât claim to be a mega trader or anything, but it does prove that itâs possible to make a lot of money using the longer timeframe charts, and you can get tight stops that allow that.
Most of all itâs easy, Iâm pretty sure it will work long term, I donât see why not, the whole thing is designed to keep the most undisciplined trader like me out of those undisciplined trades.