Any trading package contains a large number of indicators that can sometimes be overwhelming and confusing. As a discretionary trader like me, you may use some type of indicator, or a combination of indicators, to analyze the market before making a decision.
Indicators should attempt to answer the following questions:
What is the best way for me to enter the trade?

a)What is the best place to set my stop loss?

b)What is the best place to exit and take profits?

c) When should I stand aside and do nothing?