1 Best trading indicators independent of price action

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Describes indicators that need validation from actual price movements before signals are considered reliable. These indicators require traders to observe and interpret price action patterns alongside the indicator signals for confirmation. While this approach can lead to more accurate trading decisions, it also demands a higher level of skill in reading charts and understanding market dynamics. Traders using these indicators need to develop strong price action analysis skills in addition to understanding the indicator itself.

Awesome Oscillator (AO)

7.5 Score

Known for Simplicity And Effectiveness

Complexity Level 🧑

Pros 👍

Cons 👎

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Facts about Best trading indicators independent of price action

The complexity level of Awesome Oscillator (AO) is Intermediate. The main drawbacks of Awesome Oscillator (AO) are Can Be Late In Signaling Trend Changes,Requires Confirmation From Price Action..