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Old 03-12-2014, 10:23 AM
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For those who see only price action and people like Tuple who are interested in Tape reading have no use for indicators .
Whereas people like me , who are the majority ,cling on to indicators to explain the price action .
But the problem is whether we are having right set of indicators in our trading system ? In my opinion we should have 3 indicators .
They are
1. trend indicators
2. Indicators showing OB /OS
3.Volume indicators .

I hope , our members will take the topic to the next level , whether the above combinations needs addition or deletion and which indicators will be the best combo to get good trades .
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Old 03-12-2014, 11:19 AM
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Why don't you begin with what u prefer .
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Old 03-12-2014, 12:51 PM
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Also indicators showing current state of volatility and volatility regimes
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Old 03-12-2014, 07:49 PM
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Use any set of indicators but be careful about collinearity....
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Old 04-12-2014, 12:25 AM
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Originally Posted by Sunshine View Post
For those who see only price action and people like Tuple who are interested in Tape reading have no use for indicators .
Whereas people like me , who are the majority ,cling on to indicators to explain the price action .
But the problem is whether we are having right set of indicators in our trading system ? In my opinion we should have 3 indicators .
They are
1. trend indicators
2. Indicators showing OB /OS
3.Volume indicators .

I hope , our members will take the topic to the next level , whether the above combinations needs addition or deletion and which indicators will be the best combo to get good trades .

Indicators are usually grouped into 6 types. Here are some of the major one in each category that come to mind. Be careful not to use indicators that are measuring the same thing.

Moving Averages (exponential, simple, triangular, weighted)

Price Adjustment (high, low, range, range midpoint, typical, weighted close)

Volatility (ATR, lower BB, upper BB, BB width, BB %B, envelope high, envelope low, statistical volatility, standard deviation, volatility)

Momentum (acceleration, detrend osc, price osc, CCI, stochD, stochK, stochSlowD, stochSlowK, momentum, %R, ROC, RSI, Ultimate osc, velocity, TEMA)

Trend (ADX, ADXR, correlation, DMI +/-, linear regression, MACD)

Market Strength (Chaikin osc, ease of movement, MFI, money flow, OBV, price volume trend, volume - avg, ROC, osc)

Special (Kirshenbaum bands, adaptive Kalman filter)
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Old 04-12-2014, 09:22 AM
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Originally Posted by olesmithy View Post
Indicators are usually grouped into 6 types. Here are some of the major one in each category that come to mind. Be careful not to use indicators that are measuring the same thing.

Moving Averages (exponential, simple, triangular, weighted)

Price Adjustment (high, low, range, range midpoint, typical, weighted close)

Volatility (ATR, lower BB, upper BB, BB width, BB %B, envelope high, envelope low, statistical volatility, standard deviation, volatility)

Momentum (acceleration, detrend osc, price osc, CCI, stochD, stochK, stochSlowD, stochSlowK, momentum, %R, ROC, RSI, Ultimate osc, velocity, TEMA)

Trend (ADX, ADXR, correlation, DMI +/-, linear regression, MACD)

Market Strength (Chaikin osc, ease of movement, MFI, money flow, OBV, price volume trend, volume - avg, ROC, osc)

Special (Kirshenbaum bands, adaptive Kalman filter)

Bro which of this you feel is more reliable in non trending mkt or in a stock where stock is trading above NR15-20
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Old 04-12-2014, 05:28 PM
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Originally Posted by praveen taneja View Post
Bro which of this you feel is more reliable in non trending mkt or in a stock where stock is trading above NR15-20

There is no simple right or wrong answer to your question. In general, it will depend on the time frame, volatility of stock, etc. and most importantly produces signals that the trader is comfortable with in terms of trading frequency, risk, etc. That said a reasonable rule of thumb for the more common indicators (not necessarily the best indicators) is that MACD is OK for trending and Stochastic or RSI for non-trending. But how will you decide if the market is trending or not? You might find that it is best to think in terms of trading momentum or trading volatility, etc. which would steer you in certain directions based on the indicator category. The bottom line is that you will have to experiment and find what works best for you and the markets that you trade - or you can just take another trader's opinion and "run" with it.
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