One of the early decisions a new trader needs to make is what sort of trading they wish to undertake. Usually following on from that answer, the question as to whether some type of stock market analysis tool (i.e. trading software) is required, then presents itself.
As the budding trader embarks on the due diligence of purchasing a trading software package they can be subjected to the amount of indicators the package has or can be created, as a selling point. Once the decision is made and software downloaded, a potential problem begins to manifest itself, unbeknown at this point to the trader. Within the indicator section of the software is a plethora of indicators, each with adjustable parameters, styles and colours.