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What indicators do you use and why?
- Thread starter acerbits
- Start date
I am under the impression that the TA you use depends on your investing / trading time line.
Quote from acerbits:
I use bollinger bands, CCI, Stochastics, and OBV.
BB is to help me spot major moves, Stochastics for measuring current buying/selling power, and OBV for spoting divergence in money flows, Don't know why I use CCI, it just helps. Tried using MACD and found it pretty lagged n useless.
to acerbits...what settings do you use on the BB, CCI, STOCH and OBV...and what time period chart do you trade off of...thanks...interesting post!
Quote from acerbits:
I use bollinger bands, CCI, Stochastics, and OBV.
BB is to help me spot major moves, Stochastics for measuring current buying/selling power, and OBV for spoting divergence in money flows, Don't know why I use CCI, it just helps. Tried using MACD and found it pretty lagged n useless.
Are you using anything else besides indicators to help with your trade decisions???
Mark
I use all default settings for indicators, for stochastics I use 14,3,3. I trade mostly from 5 minutes charts but also keep a 15 minute chart up to see the longer term trend. I use indicators to help me get an idea of whats going on, but I will always put price action ahead of indicators. I like entering when a market breaks out of it's intraday range, also I like triangles allot.
Price and volume. Nothing else matters.