Which is the best indicator?
- Thread starter reno4nook
- Start date
tough crowd around here 
I have used the TRIN as a good sentiment indicator.
I have a 1 minute chart with 10m and 33m EMA's.
The direction of the MA's are a good indicator, especially during afternoon trading.
However, I respect the prevailing opinion here that price is always right and that indicators sometimes have no use.
For active traders, price trumps everything.
cheers,
I have used the TRIN as a good sentiment indicator.
I have a 1 minute chart with 10m and 33m EMA's.
The direction of the MA's are a good indicator, especially during afternoon trading.
However, I respect the prevailing opinion here that price is always right and that indicators sometimes have no use.
For active traders, price trumps everything.
cheers,
you'll get buried using 1 minute charts....and get a facial tick to boot...
if you don't take a header at least 3 times a day i'd say that's a good indicator for 1 minute charts...
good luck flinchy
alex
if you don't take a header at least 3 times a day i'd say that's a good indicator for 1 minute charts...
good luck flinchy
alex
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Hey thats a good one and end of the day prices written on your sheets may help, especially if one occasionaly trades/invests that market.
Hey that black monday thread did accidently mark a bottom area.
And hey , all those top /topping ''predictions '' may be ignored , or enjoyed iwith humor simply because they made so many wrong ''predictions'' over the years.
Hey, make hay while the sun shines.
When the lines cross in wizetrade.
It's easy - just buy when it says buy and sell when it says sell!
It's easy - just buy when it says buy and sell when it says sell!
Quote from reno4nook:
tough crowd around here
I have used the TRIN as a good sentiment indicator.
I have a 1 minute chart with 10m and 33m EMA's.
The direction of the MA's are a good indicator, especially during afternoon trading.
However, I respect the prevailing opinion here that price is always right and that indicators sometimes have no use.
For active traders, price trumps.
cheers,
=================
Had some good points and if the price comes thru AMEX;
get a second or 3rd opinion or 5th opinion.
Still like MA's also at end of day , however;
William Eckhardt didnt care to much for them.
I like using TICK a lot.
But I like TICK16 even better
But I like TICK16 even better