Difference between normal indicator and custom indicator

[Jose.Ser]

There is just a simple difference between them. Traders create the custom indicator, and the normal indicator is what the broker provides us.

The main question is which indicators are reliable and profitable for traders?

 

[fxoday]

Normal indicator already available on our platform, I am using MT4 trading platform and already available so many indicators, but usually, I like to use Bollinger band and RSI, although sometimes not trade based indicator.

 

[Charlieboy885]

Great info on here, this was something I was going to ask about. Thanks all for sharing your knowledge.

 

[Pelvell]

Custom indicators allows you to modify parameters freely within charts that generate trading signals and alerts. They can be created by using electronic trading platforms offered through online brokerages and dealers. They're typically created using simple algorithms with exisiting variables. Some of these indicators require knowledge in coding, but of course you can use them without it. Moreover, custom indicators are available from independent developers. It's up to you which indicators you will use, in my opinion you'd better trade with "normal" indicators and as you progress you can get acquaint with custom ones.