If I Had to Choose One Indicator, It Would Be This
Roger Scott - MarketGeeks.com
I participated in a trading webinar this past weekend where I demonstrated a few strategies to about 1,000 traders. The question I got asked the most over and over by at least 20 participants was to provide my favorite indicator for trading technical analysis strategies.
My explanation was rather simple; the best indicator is the one that fits the type of market environment that you are currently trading.
Although my answer was accurate and correct, I could tell that my answer was too vague and didn’t satisfy the curiosity of most traders. After the seminar ended I was asked one last time a slightly different question. The question was “if you had to choose only one technical analysis indicator, what would it be?