Anyone using indicators successfully for intraday trading?

I use a 20 EMA. It's not an indispensable indicator, but it's like having streetlights when riding a bike at night. :cool:
 
Mark Moskowitz said:
I love to use Camarilla pivot for intraday setups. They provide a ton of clarity as to buy and sell signals so I know exactly the trend in place.
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Given all of these price points, exactly how does it show the trend ?

Definition of 'Camarilla Pivot Points'
The formula used in the calculation of Camarilla Pivot Points are:

R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C - RANGE * 1.1/12
S2 = C - RANGE * 1.1/6
S3 = C - RANGE * 1.1/4
S4 = C - RANGE * 1.1/2

Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily). C stands for the Closing price.
 
Good momentum indicators are RSI and MACD'S histogram, I use both daily. No holy grail here mate, money management ought to keep one ahead of the game.
 
romik said:
Good momentum indicators are RSI and MACD'S histogram, I use both daily. No holy grail here mate, money management ought to keep one ahead of the game.
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Thank you.

Do you mind sharing how you use them? Did you spend a lot of time fine-tuning these indicators to suit your purposes?
 
Laissez Faire said:
Thank you.

Do you mind sharing how you use them? Did you spend a lot of time fine-tuning these indicators to suit your purposes?
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In my case fine tuning equates to screen time, haven't counted, probably many hundreds of hours, perhaps more. I haven't adjusted any settings. Basically, if overall uptrend is strong, then I look for buying opportunities upon a retracement, RSI points to oversold, histogram points to buildup of sentiment.
 
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