Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
My setup has gotten simpler nowadays. Using Stochastics osc., vwap and opening range.. Price above vwap and stochastics in buy mode then wait for the price to sustain OR high and go long. Price below vwap and stochastics osc., in sell mode wait price to sustain below OR low and go short. That's all.
This is a 3 min chart.I have the Lizard vwap,standard macd, and a 3min5 sma.Also, weekly /monthly pivots.Lastly, yes h/l/c and todays o/h/l.So i guess7 if you count o/h/l/c data.
Do all the indis that provide 'levels' (such as s/r lines place manually, pivot indicators, Opening Range lines, etc.) count as one, or do they all count individually?
Same question for VWAPS. If I have a session VWAP and a daily VWAP do they count as one or two?
I don't even think of them as indicators. Pivots, s/r levels, OHLC are all just information. Perhaps if you use that information as a signal service to trade off then they could be classified as indicators. The alternative is to count everything on your chart as an indicator including the candles, wicks, colours, time, price levels, countdown timers, and anything else you see.
