What is the best simple price action indicator

The best simple price action indicator is one that is easy to understand, reliable, and provides relevant insights for making trading decisions. Some of the most commonly used simple price action indicators include: 1. **Moving Averages (MA)**: MAs are a popular indicator for smoothing out price data and identifying trends. They can be used to confirm existing trends or to identify potential reversals. 2. **Bollinger Bands**: Bollinger Bands consist of an upper band, lower band, and a middle band (a moving average). They help identify potential breakout opportunities and can indicate when a security is trading in an overbought or oversold territory. 3. **Relative Strength Index (RSI)**: RSI is a momentum indicator that can help identify overbought or oversold conditions in a market. It can be used to anticipate potential reversals and to set stop-loss orders. 4. **Volume-Weighted Average Price (VWAP)**: VWAP is an indicator that calculates the average price of a security over a specific trading period, taking into account both price and volume. It helps in assessing market liquidity and can indicate support and resistance levels. These indicators are considered simple because they are based on basic price and volume data and are easy to understand. They can be used individually or in combination with other indicators to create a more robust trading strategy. However, it's important to remember that no single indicator should be relied on exclusively for trading decisions, and it's crucial to consider them in the context of a broader trading plan and market analysis.