Best indicators to guess tops/bottoms; determine overbought/oversold areas

W

WmWaster

Hi.
I need something to to guess tops/bottoms; determine overbought/oversold areas
I realise there're many indicators available to do the tasks I want.
But I just don't know which one I should use. There's just too many.
I don't know how to make an informed choice.

How about you?
What do you use to do the tasks?
And why?

Thank you! :)
 
Quote from WmWaster:

Hi.
I need something to to guess tops/bottoms; determine overbought/oversold areas
I realise there're many indicators available to do the tasks I want.
But I just don't know which one I should use. There's just too many.
I don't know how to make an informed choice.

How about you?
What do you use to do the tasks?
And why?

Thank you! :)
More...

time frame?
 
RSI

Overbought/Oversold
"Wilder recommended using 70 and 30 as overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points."

http://www.stockcharts.com/education/IndicatorAnalysis/indic_RSI.html
 
I think the RSI is the most reliable, but it can also go awry,

Just be careful and use common sense when there's a trend day,
 
Due diligence....If you had bothered to read the last 10 threads in this section you could have got your answers....

Quote from WmWaster:

How about you?
What do you use to do the tasks?
And why?
More...

I am fine.
Read my posts under Technical analysis.
Because they work for me....
 
Quote from illiquid:

TA works best on markets no one looks at. TA is least useful in the biggest and most liquid markets.
More...

Why? That's strange!
It should be the opposite!
 
Quote from Pekelo:

Due diligence....If you had bothered to read the last 10 threads in this section you could have got your answers....
More...

I couldn't see any thread which tries to compare each indicator!



I am fine.
Read my posts under Technical analysis.
Because they work for me....
More...

Where?
 
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