Best/useless Indicators/studies for 1min and 5min?

jtnet · Aug 17, 2006

I use esignal presently and trade NYSE 2 mill to 8mill volume stocks.
And i tend to just load my 1 min and 5min with all kinds of stuff, S&P tick overlay, para SAR, rsi, MACD, volume, stocastic, bollinger band.
which are useless and which are actually helpfull for scalping and very short time frames or if there are any custom indicators that are helpfull. thanks all.

nkhoi · Aug 17, 2006

take them all off, put them back one per week and see which one you can live without, there is no best indicator only best fit for you indicator.

dandxg · Aug 17, 2006

Bollinger and Keltner can be good for scalping when price gets to far from the mean, look for a snap back. The trick is finding the right time frame. The other indicators mentioned lag too much IMO.

jtnet · Aug 18, 2006

Quote from nkhoi:

take them all off, put them back one per week and see which one you can live without, there is no best indicator only best fit for you indicator.

im not looking for a holy grail, i kind of use them all at once to determine a reversal or when it starts to pop away from support or resistance. once all are showing the same type of signal i know somthing may be in play very soon.

QQQBALL · Aug 18, 2006

one one min bars, price is your oscillator?

nkhoi · Aug 18, 2006

do all 7 of them have to point in the same direction or can you get by with, say 3?

JMowery1987 · Aug 18, 2006

Best 1 minute indicator:
20, 50, and 200 intra-day moving averages and price action.

Best 5 minute indicator:
Suport & Resistance lines and trendlines.

coolweb · Aug 18, 2006

I always have the 50 simple moving average

its the only "Common" indicator I use.

The one thing is, none of my entries come from that indicator

I don't think I have looked at it lately , its just sitting there from last year,

Never thought of taking it off

jtnet · Aug 18, 2006

Quote from JMowery1987:

Best 1 minute indicator:
20, 50, and 200 intra-day moving averages and price action.

Best 5 minute indicator:
Suport & Resistance lines and trendlines.

ill have to take a look at price action

jtnet · Aug 22, 2006

Quote from JMowery1987:

Best 1 minute indicator:
20, 50, and 200 intra-day moving averages and price action.

Best 5 minute indicator:
Suport & Resistance lines and trendlines.

what indicator in ESIGNAL is price action and how do u use it? -j