What's the best indicator?

cnms2 · Jan 12, 2006

Alexander Elder recommends (but advises you to find whatever works best for you): 22 bars for the daily chart and 26 bars for the weekly chart. He recommends use of % based bands (not Bollinger) and MACD 12,26,9 too.

Quote from Bitstream:

Bollinger bands are useless imo: u can see possible entry/exit but only at times and on insight (after the fact).

I use 20EMA, 50EMA and 100EMA: good for any time frame.

MACDs also is pretty reliable.

Dr. Zhivodka · Jan 12, 2006

Well of course it's the Super Bowl Indicator followed closely by the Hemline.

cashmoney69 · Jan 12, 2006

what indicators work better on bars and

what indicators work bettter on candles?

or does it really matter what kind of chart they are ?, sense bars and candles are basicly the same thing anyway...

- nate

xtrhvydty · Jan 12, 2006

Option volume

duard · Jan 12, 2006

Urgency.

As measured by change in price x volume

LivermoresGhost · Jan 12, 2006

Quote from sbn:

What's the best indicator or technical analysis to look at before getting into a trade?

The last tick.

Wallace · Jan 13, 2006

I came across the following and thought it of interest, also that there's lots of these sort of examples via various googles.

http://www.fxstreet.com/chat/transcripts/20050419chatsession.asp

alesund · Jan 13, 2006

PRICE...
baby...Price!!!!

hcour · Jan 13, 2006

It reminds me of questions that are asked in philosophy, which are equally flawed. Do we have a soul? What is life?

I took philosphy in college but was kicked out of class for cheating. I got caught looking into the soul of the boy next to me.

H

cnms2 · Jan 13, 2006

Not that there is anything wrong with that.

Quote from hcour:

I took philosphy in college but was kicked out of class for cheating. I got caught looking into the soul of the boy next to me.

H

What's the best indicator?

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