If I Could Only Use ONE Trading Indicator

If I could only choose one technical trading indicator, what would it be? This is an interesting though experiment which, in my mind, helps reveal the dynamics of day trading that matter most. I’ve been coaching traders since 2013 and a common theme amongst those beginners who are just getting started is the feeling over being overwhelmed. They decide they want to learn  more about technical charts and then open up their trading platform to see a multitude of choices. In fact, it seems like every other week there is some new magical indicator that someone has created. If you’re a beginner and feeling overwhelmed, I understand! The good news is this: trading does not need to be overly complicated. Don’t get me wrong, I’m not saying day trading is easy; however, it does not need to be rocket science. Sometimes less is more and that, in my opinion, is how trading works. Let’s dig into this one indicator I would use is I were forced to only use one!