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How many indicators are on your charts?


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How many indicators are on your charts?

  #61 (permalink)
 webradio 
Hamburg, Germany
 
Experience: None
Platform: MetaTrader, Multicharts
Trading: FX
Posts: 44 since Sep 2016
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Currently, only one EMA is on my (n-tick FX, no volume) black-white candle charts

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  #62 (permalink)
Larix
Moscow/Russia
 
Posts: 135 since Jul 2015
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I have 3 different systems for trade
1) 1 uses price only (for long trade H4 and up)
2) 1 uses simple MA (midterm and short)
3) 1 uses price + volume (any)

Indicators are supplementary only. Some kind a red flags which warns me about of price movement probability.

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  #63 (permalink)
 mzelixon 
Tel Aviv, Israel
 
Experience: Intermediate
Platform: NinjaTrader
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Volume/Market profile...
That's it.
Unless you count S/R zones + trendlines as indicators.

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  #64 (permalink)
 
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 Blash 
Chicago, IL
Legendary Market Chamois
 
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Leon of Pizza View Post
That says all statistical information, so it sounds all inclusive to me. Doesn't matter anyhow because its all voodoo. My favorite voodoo is the old 20EMA. 5m, 15m, 30m bars. Also volume profile. 1d and multi day ranges. HVNs only.

As I have said before...lol.... Pick your poison and stick to it.

Ron

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  #65 (permalink)
 rcsingleton 
Kingston, NY
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 8 since Dec 2009
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I have three indicators on my chart, but only one generates a trading signal. But that one trading signal was built by around 1,000 lines of C# Ninjascript code. It took a while to do.

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  #66 (permalink)
Kuuluud
Revali, EE
 
Posts: 47 since Aug 2015
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14

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  #67 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
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I guess I'm full of it

but for most of them, I like the description tool better than indicator.

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well. anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

here's my list:

- GomOrderFlowPro
- GomOrderFlowCustomUpDownSignals
- GomOrderFlowCustomUpDownSignals
- GomOrderFlowProValues
- CurrentDayVWAP




- GomOrderFlowPro
- GomOrderFlowPro




- CurrentDayVWAP
- OpeningRange
- RangeProjectionsDaily




- GomMPPro
- PriceLine


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  #68 (permalink)
 futrstrdr 
Cape Coral FL USA
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation
Trading: CL, GC
Posts: 26 since Aug 2014
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I use 2 moving averages on tick charts and a short term ADX graph in a subgraph. Then I have one alert when my conditions occur. I have been trading futures for 21 yrs and have slowly whittled my charts down to a minimum of clutter

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  #69 (permalink)
 
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 bobwest 
Western Florida
Site Moderator
 
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Silvester17 View Post

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well.

Somehow a lot of people don't seem to get this. A trendline is as lagging as a moving average: it tells what price did in the past. So does support/resistance. You have to figure out what it will do now, and you do it in relation to what happened before... which lags the present.


Quoting 
anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

This is all that matters, of course.

Bob.

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  #70 (permalink)
 
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 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
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Silvester17 View Post
I guess I'm full of it

I agree with that statement.

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