Are Technical Indicators a Trading Edge or Just Noise?

General
1

“Do technical indicators like Market profile, Order flow, RSI, VWAP etc. actually improve your trading, or do they just create more confusion?”

2

If you overcomplicate, its just noise.

I think for both investors and traders, below are sufficient:

Bollinger bands, RSI, Moving averages, Support resistance, Candlestick patterns

3

Depends on what type of trader u r, if u mix everything then it’s noise + confusion, if not then u learn those

4

some are good for screening but not good as indicators. Example moving averages , MACD

some are plain useless - fibonacci , moon phase , astrology

5

I use a few TA I find useful - YMMV. :melting_face:
I do not depend solely on it. :face_holding_back_tears:

Classical TA:

  • parallel channels
  • S&R

Computerized TA:

  • EMA: 20, 50, 100, 200 periods. But mostly 50 and 200.
  • MACD (defaults)
  • Stochastics (default, K hidden)

Analysis on higher TF and then down. :person_in_lotus_position:
As I’m a positional trader, that is weekly and daily. :spiral_calendar: