What indicators are good?

[Aaron_0]

In my personal experience, I saw that the combination of Moving average, RSI and trendlines work well on average. What’s according to you?

 

[Anthonio]

In my personal experience, I saw that the combination of Moving average, RSI and trendlines work well on average. What’s according to you?

Moving averages for trends, RSI for overbought/oversold conditions, and MACD for momentum. Solid picks for a strong start.

 

[Dest1987]

In trading, selecting effective indicators is paramount for informed decision-making. Moving averages, such as the simple moving average (SMA) and exponential moving average (EMA), offer insights into price trends over specific time frames. Relative Strength Index (RSI) helps gauge overbought or oversold conditions, signaling potential reversals. The Moving Average Convergence Divergence (MACD) indicates changes in momentum and trend direction. Bollinger Bands provide volatility insights, identifying potential price breakouts or reversals. Volume indicators like On-Balance Volume (OBV) confirm price movements by analyzing trading volumes. Combining multiple indicators can offer a comprehensive view, aiding traders in identifying favorable entry and exit points.

 

[sunar14]

In my personal experience, I saw that the combination of Moving average, RSI and trendlines work well on average. What’s according to you?

I use autochartist tool which is offered free of charge at HFM. It saves a lot of time and efforts since it draws desired patterns automatically you need to only to estimate volatility and set correct stop loss and lot size.

 

[Elijah_0]

Personally, I follow moving average, RSI and Bollinger bands because they provide me a trend-specific idea.

 

[sunar14]

Using moving averages, RSI, and Bollinger bands is a solid approach for trend analysis and identifying potential entry and exit points. These technical indicators offer valuable insights into market dynamics and help traders make informed decisions. By combining multiple indicators, you can gain a more comprehensive understanding of market trends and increase the probability of successful trades.

Personally, I follow moving average, RSI and Bollinger bands because they provide me a trend-specific idea.

 

[Ricky Rk]

Skip trading during high market volatility, when you lack clear signals, or if major economic events are expected. Avoid trading if you're uncertain about your strategy, experiencing emotional stress, or if your risk management tools are not properly set.

 

[RainbowRain]

Using moving averages, RSI, and Bollinger bands is a solid approach for trend analysis and identifying potential entry and exit points. These technical indicators offer valuable insights into market dynamics and help traders make informed decisions. By combining multiple indicators, you can gain a more comprehensive understanding of market trends and increase the probability of successful trades.

moving averages, RSI, and Bollinger are trend indicators, and they give a lot of false signals during flats. I wouldn't rely on them too much.

 

[donwilkens]

Try Henkobars, they are very accurate. Better than Renkos.