Best indicators ?????????????

[SnakeEYE]

Quote from RiceRocket:

I will divulge a secret that will change the whole way you view price action. Sigma channels. Set up 4 separate bollinger bands, the first at 1 standard deviation, second at 2, third at 3, fourth at 4. Then set this on intraday, daily, weekly, and monthly charts. Then let the magic happen.

You're welcome.

don`t forget to put an underwear on your head

 

[Buy1Sell2]

RSI--can't be beat

 

[murray t turtle]

partial Quote from tedstr:

I am using... 50 DMA.

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==============
T ed;
Good one,50 day & 50 period moving average.
Rule of 72 is helpful also ;work 6 days X 12 hours a day=72 hours a week, for 7.2 years.....................................................

Wisdom is profitable to direct

 

[Pro_Trader720]

Quote from Humpy:

Which indicators do YOU recommend and why ?

I have been using Macd, RSI, Mov averages etc. for years with mixed results.

Perhaps you favour a mixture of 2 or more indicators to compliment each other ??

Pattern Recognition Indicator

This indicator does a lot more than a typical RSI, MACD, etc. It basically generates backtesting statistics for every pattern that forms.

 

[Chart Lion]

On Balance Volume is a powerful tool. Particularly when looking for divergence. Brilliant stuff!

Chart Lion

 

[T1P1]

Quote from Humpy:Which indicators do YOU recommend and why ?I have been using Macd, RSI, Mov averages etc. for years with mixed results.Perhaps you favour a mixture of 2 or more indicators to compliment each other ??

The indicators you mention are all based on price and I think that indicators based on actual order flow do a much better job of predicting price than price itself.

I only know of 2 packages that offer indicators based on order flow. The cumulative delta from RT Investors and the package I use is Indicator Pack 1.2 from TradePointSoftware.

 

[Humpy]

Quote from T1P1:

The indicators you mention are all based on price and I think that indicators based on actual order flow do a much better job of predicting price than price itself.

I only know of 2 packages that offer indicators based on order flow. The cumulative delta from RT Investors and the package I use is Indicator Pack 1.2 from TradePointSoftware.

Indicator Pack 1.2
Indicator Pack 1.2 is a set of indicators, functions and workspaces that run in TradeStation 8.6 (build 2696) or later and require a subscription to the TradeStation Platform and the appropriate data streams. Indicator Pack 1.2 is offered on the basis of a yearly lease/subscription at a price of $1,400/yr. This software is not designed for beginning traders.

Thanks

 

[Humpy]

I have been experimenting by programming moving averages plus an oscillator like the rainbow one, in Metastock.
Not perfect but has its points.

Hope to transfer to NT7 soon tho

 

[HATEtheRisk]

1. Price Indicators for Support & Resistance Levels
= Lines on the Chart
2. Osszilators for cycles analysis
= for Entry + Exit
3. different time frames
= for clear timing

Thats all.

What specific indicators u use for that, dosnt matter.
It all is based on price.

 

[samus]

I didn't start making consistent money until I got rid of every damn indicator on my chart. My charts are as naked as it gets. Rolling dynamic S/R price action has made me a bundle of money. Indicators are for amateurs.