Most Technical Indicators are Useless

I constantly get asked questions about which technical indicators I use when looking at charts. Only two things matter: PRICE and VOLUME. That is it! You don’t need anything else! Why? Because if price and volume “create” all the technical indicators, why not just look at the original source?

The following indicators are useless to me: Stochastics, RSI, MACD, Bollinger Bands, Fibonacci, etc. The only things on my charts are price, volume and open/high/low/close bars (I do not use candlestick bars). I do use moving averages, but simply as a reference point and not as an indicator.

joefahmy.com

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