You will find no true answer to this question.

Trend = you identify a trend and it has been going up for a quite a while. Tomorrow it does the opposite.

Trend Strength = the stronger the up trend is surely the more likely it is to go up tomorrow. Or maybe it will do the opposite.

Price = price does what price does. Price now is different to price just now.

Volatility = there is either a lot or not a lot or something in between. Sometimes you think it is for a reason and then it does the opposite.

No indicators will give you the holy grail of trend, trend strength, price, volatility.

Just try stuff out for a very long time on different markets and get a feel for the relationships between each indicator and each market.

Sorry if this is not the answer you wanted but there is no instant solutions to make money trading. If it were easy then every one would be doing it!

Came across this thread and thought i might share my experience with this topic 🙂

As Vonasi already stated, there are no “best” one, really. I think each and everyone need to go through the “indicator swamp” and try everything (!!) only to realise it (the best/perfect indicator) does not exist. What is sufficient for one persons style, personality and time frame might be completely “wrong” for another.

In my beginning i was sure that if i just spent my time finding the best/perfect indicator the rest would take care of itself, but boy was I wrong. If I could do it all over i would have given that topic maybe 1% of the effort compared to what i did.

Instead what i should have focused on should have been really digging in to what actually is my “style” and timeframe – and find the best fit for my personality. There are a million different ways to make money in trading, but the loosing part is pretty much the same for all: stubborness, poor risk management, poor preparation and under capitalization.

Learn to be fine with losing, learn to be fine with uncertainty and learn to be patient… and by then you have come a really long way. Never expect to “know” anything and be open to all outcomes – and adapt.

Now as for the actual question itself, this is what im using, hopefully its of some value to you. Also note that i dont switch between timeframes during trading:

Big picture (Line Chart, start looking at Daily timeframe and then draw S/R from 1 or 4 hrs):
the Daily 200 period Simple Moving Average

Yearly average price with standard deviations.

Short Term / Trading (intraday pretty much only) (Renko Chart, 4 ticks update and 1 point in Renko Size (I trade DAX 99% of the time and even though the DAX Future is really 0,5 points in tick i prefer 1 point):

VWAP (or if volume not available a Weighted Daily Average Price) with 1 and 2 Standard Deviations.

Thats really the only indicator i look at for trying to figure out where we are in the short term and where an entry might be skewed to my favor.

BUT(!!!!!!!!)

in the end i focus primarily on the actual price action itself. Are we making higher highs or lower lows? Are we pulling back or continuing? Where is the next MAJOR resistance and MAJOR support?? How many points/percent are an average impulse and correction? I try to decide one (bigger) bullish and one bearish outcome / trajectory and then “go with the flow”, sometimes your on point and sometimes youre completely wrong (so what.. NEXT!) 😀 but it helps me focus on whats going on! One tool that ive found especially helpful for this is just simply measuring (drawing) the height of the latest impulse and correction and then add them to the current swing high and swing low. Kind of like a future Zig Zag. I use the Fibonacci Extension Tool but only have 100%-line (so it has nothing to do with fibonacci really) then draw ABC-like patterns /waves. Pretty much elliot wave theory i guess.

I hope this was somewhat useful and as Vonasi also said; i know this might not be the answer you wanted 😉

GOOD LUCK!!