Useless indicators
- Thread starter wxytrader
- Start date
I will start with Rvol and the 9,20 EMA...a popular combination with day traders.
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I will start with Rvol and the 9,20 EMA...a popular combination with some day traders.
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All indicators are useless.
Only magical miraculous indicators are useful.
It has yet to be discovered.
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I will start with Rvol and the 9,20 EMA...a popular combination with some day traders.
___________________________________
All indicators are useless.
Only magical miraculous indicators are useful.
It has yet to be discovered.
Who cares about indicators someone else designed? Doesn't logic follow look and investigate the markets and find out how they operate and work so you can verify it first hand for yourself and than design your own indicator around that or get someone to assist if you can't code.
Would that not be a logical way to go?
Would that not be a logical way to go?
I actually agree with you on this.
In about 30 seconds I developed a strategy that with some context and experience may actually be net profitable just by looking at what you posted.
In other words you need a lot more screen time to actually be able to even identify how to use even those basic tools.
In other words you need a lot more screen time to actually be able to even identify how to use even those basic tools.
Clearly stated that the macd and RSI were ahead of the other indicators, so it doesn't matter if you looked at them and figured out some way you're still late to the party. Screentime? Ive had so much screentime to the point trading has become muscle memory just like BNF.
Ok well that's difficult for me to put together based on your post I've seen you make lately, unless I am confusing you with someone else. You don't seem to be too focused on intra-day trading for someone that has so much screen time.
MACD is ok with experience and skill. I don't particularly think the RSI is that good, there's better indicators that more effectively represent overbought and oversold.
You don't use the RSI for overbought and oversold, you use it for trend divergence. It is the best indicator by far to determine when you're topping or possibly bottoming. I actually just posted about it
when I called 72k as the likely top of this bitcoin rally based on the RSI.
Plenty of respected traders (at least respected by others, i don't particularly care) do use RSI for overbought and oversold. So maybe you don't and that's fine but a lot of people do. I don't think it does a particularly good job at doing overbought and oversold, that's why I said I prefer others, so from that aspect I agree with you. Even if one does use it as overbought / oversold most people use it incorrectly.
Markets are fractal so if what you're doing works that well I would take it to a lower time frame and get exponential gains.
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