However, if you are going to use one, the best Forex indicator is the RSI (Relative Strength Indicator) because it reflects momentum, and it is well established that following Forex momentum can give you a rdi edge. The Relative Strength Index (RSI) was created by J. Wilder was a mechanical engineer and real estate investor before going into market research and trading. He spent most of his life in Greensboro, N.C., before moving to New Zealand. RSI is one of several popular technical indicators developed by Wilder, including Parabolic SAR, Average True Range usse and the Average Directional Movement Index (ADX).
Still widely used, these classic indicators are often included by default in charting and technical analysis software.