Any usage statistics on indicators, signals out there ?

nyxtrader said:
Triangles are the most powerful strategy within the market. It's the only thing on my charts.
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To the best of my knowledge, Thomas N. Bulkowski is the trader who made the most extensive studies on chart patterns.

Here is the overall performance of ascending triangles, for instance:
http://thepatternsite.com/at.html

There are tons of other classic chart patterns in his book Encyclopedia of Chart Patterns, a must-read for any serious chart pattern trader.
 
Thanks all! I'll probably find nothing more than anecdotes, which is useful still!

Probably then a more scientific & objective method, based on facts, would be to analyze the stock market data, and find which signals maybe influenced the moves. I Imagine there's tons of quant / automated trading systems based on that.

I'm not so familiar with these, but I guess a mix of both anecdotal data (thanks @Tradex and @nyxtrader), as inputs for such analysis would be a good staring point. Stuff to work on...
 
The secret is that there is no secret. If you could manage to find ten legit traders that made legit profits, I would lay big odds that every one of them was going about it a different way. There is no singular TA study that lays the proverbial golden egg.

TBH, the rules set that you use for taking a trade entry is more important than the indicator you are using.

bernied said:
Hi, I consider myself an intermediate (although full-time practically for 2 years) trader. Just to say I have a decent amount of education about markets, trading and T.A. But one topic that I'd like a clearer answer on, other than anecdotal points (I use this and that, he uses indicators ABC, BCD, etc):

Are there some resources out there which break down statistics about what indicators, signals and technical analysis concepts market participants use ? Likely in the form of surveys, or perhaps from brokers (via the usage stats from their software) ? I understand an obvious reason why would most people (pros at least) don't want to share this data, since this is part of what is often referred to "your edge".

But still this is an essential topic and very important, to me at least. And I feel this'd help me at this point reach the next level in my trading journey, and make sure I'm not missing some important tools in my arsenal. Something like (bogus example):
  • 50% use support & resistance
  • 20% use Fibonnacci retracements
  • 75% use moving averages. 50% of these use 200 SMA, 40% use EMAs
  • 40% use volume
And some data on how much of the traders crowd is made of (day traders, investors, funds, ETF, etc).

I've been gathering lots of anecdotal info over the years, but rarely have I ever got some actual / semi actual data on this topic. So, anyone here knows ?
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Tradex said:
To the best of my knowledge, Thomas N. Bulkowski is the trader who made the most extensive studies on chart patterns.

Here is the overall performance of ascending triangles, for instance:
http://thepatternsite.com/at.html

There are tons of other classic chart patterns in his book Encyclopedia of Chart Patterns, a must-read for any serious chart pattern trader.
More...

Another trader I know recommended that exact book. I'll make sure to read it then, thanks for the suggestion!
 
And great site! Or rather, great data, lol! If you can get past the "I made my site with MS Word 3.1" look haha. My eyes bleed already after a quick look ;-P
 
Thanks for the replies! I understand that tools, indicators and techniques make only part of the equation. Of course it also depends on what time frame, what market and what instruments, i.e. the context overall. I have enough experience to know to expect this, plus there's always a learning curve and nothing replaces personal experience, getting to master your arsenal, your technical proficiency.

That being said, then let me precise my context:
I'm mostly a swing trader (mid-term, from days to months) and a long-term investor (2+ years), on US traded markets. I use a mix of options for trading, on ETFs mostly, and options (leaps on ETFs) + stocks (mostly dividend payers) for long term. I stick to hourly, daily and weekly time-frames for charts.

So, I'd like to know what those with similar context use. Either via research (like Bulkowsky) or with your own experience.
 
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