favorite technical indicators

[Handle123]

Price, but have used Bollinger bands since in 1987, so understand larger timeframe-larger parameters, smaller timeframe-smaller parameters. Some symbols trade well using them and others I would not trade. Each market has a personality of it's own.

 

[eleanorK80]

My favorite - the invisible one.
But I do add the zig-zag line to improve clarity.


I remembered I had hundreds of indicators on the chart.
It was so plentiful that I could hardly see the candlesticks.

Happy Indicator hunting.

Nice approach! Adding the zig-zag line certainly helps improve clarity on the chart. It's important to strike a balance between indicators and candlestick visibility. Happy indicator hunting to you too!

 

[eleanorK80]

Moving Average, for sure. MACD and Bollinger Bands.

Thanks for sharing! Moving Average, MACD, and Bollinger Bands are indeed popular and effective indicators. I just heard them.

 

[eleanorK80]

Trading does not have to be complicated. Indicators for all purposes is useless since, it lags the price of the stock, and what runs the indicators is the stock price. I would use trend lines, support and resistance zones, candlesticks, swing highs and swing lows. You want to use these in a combination and where there is confluence of these things plus add price action and you have a very simple but, potent trading approach. Of course, you need to use stop losses when getting into trades, to minimize losses when a trade does not work out. Use what works for your trading and backtest it. Do not rely on anyone's say so. Just my 2 cents and I am sure, there are going to be others who disagree.

Thanks for sharing your approach! It's great to use trend lines, support/resistance zones, candlesticks, and price action for a simple trading strategy. Backtest, set stop losses, and find what works for you. Different opinions exist. Happy trading!

 

[eleanorK80]

Price, but have used Bollinger bands since in 1987, so understand larger timeframe-larger parameters, smaller timeframe-smaller parameters. Some symbols trade well using them and others I would not trade. Each market has a personality of it's own.

I see that every body mention PRICE. I have not tried that. i guess everyone has this among its indicators.

 

[TheDawn]

I see that every body mention PRICE. I have not tried that. i guess everyone has this among its indicators.

Price is not an indicator. It's just the price action itself of security.

 

[maxinger]

I see that every body mention PRICE. I have not tried that. i guess everyone has this among its indicators.

Many people look at the price on the chart.
Some sprinkle the chart with many indicators.
Some don't.

Some don't even look at the chart and they could be very successful.
My friend has this ESP.
He invests in stocks & properties.
Every day he smiles (a genuine smile).
And every year, he will change his 1-year-old car into a new grand car.

 

[smallfil]

I see that every body mention PRICE. I have not tried that. i guess everyone has this among its indicators.

Think about it. If you take away all the indicators on a stockchart, what do you have? You only have price action to guide you where the stock is headed. Either it is in an uptrend, downtrend or going sideways. The price of the stock will tell you.

 

[murray t turtle]

%%
Donchian Channels, maybe moving averages help more;
or maybe its because i have more moving averages, they underline price or overline it ......................Price alone can be a big trap;
C reverse split 10 times so its really $4.604, not $46.04 as price charts say

 

[eleanorK80]

Think about it. If you take away all the indicators on a stockchart, what do you have? You only have price action to guide you where the stock is headed. Either it is in an uptrend, downtrend or going sideways. The price of the stock will tell you.

Many people look at the price on the chart.
Some sprinkle the chart with many indicators.
Some don't.

Some don't even look at the chart and they could be very successful.
My friend has this ESP.
He invests in stocks & properties.
Every day he smiles (a genuine smile).
And every year, he will change his 1-year-old car into a new grand car.

hat's fascinating! It's intriguing how different individuals have varying approaches to trading and investing. While many people rely on chart analysis and indicators, it's remarkable that your friend has found success without even looking at the chart.