Favourite TA Indicators

[Salty Gibbon]

I thought it might be interesting to learn what TA indicators other members like the best or find the most effective in their trading.

Do all members even bother to use indicators in their trading ?

Personally I favour the MACD Histogram which I use as an aid in justifying or confirming my thoughts as regards price action.

I do not rely on it totally but use it purely to complement my own interpretation of price charts and in this way I find it pretty effective.

 

[DaveGos]

Just price action for me.

 

[spreadbet]

Schaff trend cycle

see

http://fx-strategy.fxtrek.com/misc/FXstrategyArticle.pdf

Cheers spreadbet

 

[TBS]

Price, price, price with a bit of price thrown in........

 

[ChowClown]

ADX DMI has kept me out of trouble recently on the DOW. I use this as a filter on pivots I have for the day.

 

[TWI]

It has to be the "Ichimokukinkouhyou" as it is the hardest to pronounce and spell yet makes charts look very colourful. It is a product of a no doubt mental case.

 

[BBB]

TBS has it sussed. He left out a vital ingredient though - a bit more price!

You could add a dash of volume though if you prefer it a bit more spicy.

After that you got to think of the cuisine: eastern (candles) or western (bars). I prefer bars.

The key to any dish though is to source good ingredients. Thats why I will admit to using volatility indicators sometimes. ATR to ensure my ingredients are fresh and tasty, and Bollinger Bands occasionally to check the origin

 

[DMan]

Salty Gibbon
The best indicator is a straight line (imho)

I love straight lines on charts
And on TA Indicators

Even more I love to see price or
signal lines break through those straight lines
Ahh yes
Give me a chart and a straight edge.
What about this macd histogram?
Why is it your favoured indicator?
How do you apply it, what have you learned of its behavour?
What is its single most important attribute?

Good Trading
DMAN

 

[Rognvald]

Curried price and volume with a mean volatility sauce

 

[Dow Dog]

I prefer the left hand indicator as opposed to the right.

I just enjoy going round left-handed corners.

 

[techtrader]

The barometer is my fav.........wait till it rises and go sailing

 

[adrianallen99]

It depends on what and how im trading, short term stuff I often use Stochastics, RSI and MA's
Oh yeah! and I use price as well

 

[frugi]

Like any good BMW driver I prefer not to use indicators as it might give other participants a clue as to my intentions.

 

[oatman]

Better not to use them at all than to use them incorrectly :arrowl:
I'm a better mind reader than they are a driver

 

[elliottmillion]

i used to think price was the only food for me, as all indicators are based on how prices change over time.
question,

how do indicators cope with the fact that time is not a constant value?

 

[Trade_Ideas]

A Recipe

Study price but not without qualifying it with volume - otherwise how do you know if the move is a headfake or the genuine article? You don't. Not without volume. Stick to stocks that trade currently 50% or 70% above their average trading volume (cumulatively for the day compared to an average over the last 10 days of the same volume at the same time).

The volume surge will allow you to enter effectively and exit with a stop if need be - all easily thanks to the volume.

Here is a favorite set-up I use:
http://www.trade-ideas.com/GettingStarted.html?name=Our+Favorites

TI

i used to think price was the only food for me, as all indicators are based on how prices change over time.
question,

how do indicators cope with the fact that time is not a constant value?

 

[mr_cassandra]

I thought it might be interesting to learn what TA indicators other members like the best or find the most effective in their trading.

Do all members even bother to use indicators in their trading ?

Personally I favour the MACD Histogram which I use as an aid in justifying or confirming my thoughts as regards price action.

I do not rely on it totally but use it purely to complement my own interpretation of price charts and in this way I find it pretty effective.

My trading is completely governed by a mechanical program i wrote which is entirely ta based.

 

[Trade_Ideas]

My trading is completely governed by a mechanical program i wrote which is entirely ta based.

Nice signature.

We've figured out how to mechanize any trading strategy a trader can model in Trade-Ideas. Without any hyperbole I encourage those interested to view the simulation we've created that shows how real and accessible automated trading based on event-based backtested results of custom-configured strategies really is. All using any number of TA indicators. (http://www.trade-ideas.com/Help.html)

In this example the automation we demonstrate comes from our partnership with optionsXpress: http://www.trade-ideas.com/VideoHel...omated Trading: optionsXpress Robot: Overview

 

[rathcoole_exile]

how do indicators cope with the fact that time is not a constant value?

use Tick value, say 1000 ticks, thereby introducing a constant ?

 

[rathcoole_exile]

The barometer is my fav.........wait till it rises and go sailing

this should go into Favourite Quotes in the Lounge forum