Combination of Indicators

Discussion in 'Technical Analysis' started by dipen.legal, Mar 24, 2010.

  1. dipen.legal

    dipen.legal New Member

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    Dear Friends,

    After going through the postings on TA, which I have also tried to put in use, I would like to have views on the combination of Indicators used for trading. I understand that there is nothing called the best combination, but still then I would like to share as well as know what parameters and indicators are used simultaneously for optimum feasibility.

    Please place your comments, suggestions and views.

    Regards,

    Dipen
     
  2. dipen.legal

    dipen.legal New Member

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    For intraday trading, I use time frames of 5 minute and 15 minutes and occassionally use 1 minutes also. My combination of indicators are:

    1. Simple Moving Average of (10,20,50) - Moving average crossovers (both bearish and bullish) are put to maximum use.
    2. Moving Average Convergence Divergence with the conventional parameters of 12, 26,09 - Centerline Crossovers, Crossovers of MACD and Signal Line are the identifying points
    3. Slow Moving Stochastics with the conventional parameters - to identify divergences in overbought and oversold conditons

    Sometimes I use RSI, with thresholds of 70 and 30 to identify overbought and oversold conditions.

    I request other fellow contributors to kinly comment and provide suggestions.

    Regards,

    Dipen
     
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  3. columbus

    columbus Well-Known Member

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    I found BB+RSI+Stochastic is a good combination.
     
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  4. saivenkat

    saivenkat Well-Known Member

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    I should book mark this thread, for choosing my best combination of indicators, for intraday, and swing trades. At present i am doing only delivery calls only on long term basis.

    I wish that this thread should be active enough.

    Regards
    Saivenkat.
     
  5. munnabhai208

    munnabhai208 Active Member

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    hi saivenket,
    Would like to know the indicator combination for your delivery trades?
     
  6. dipen.legal

    dipen.legal New Member

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    Columbus,

    Any specific parameters you would like to suggest?

    Regards,

    Dipen
     

  7. dipen.legal

    dipen.legal New Member

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    Munna,

    Wonderful work in compiling all the contributions of "Saint"

    Regards,

    Dipen
     
  8. sanju7979

    sanju7979 Member

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    Dipen,

    I use 10 min candles... reason 5 mins give mostly lead to whipsaw and 15 mins are slightly late to enter a intraday trade move.

    Secondly avg traded price, support-resistance, pivots and OBV are gud for Intraday trade
    and Bollinger Band of EOD chart often serves as good support and resis level in intraday
     
  9. SwingKing

    SwingKing Well-Known Member

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    Combinations of indicators should be such that they are not related to each other. There is absolutely no need to couple MACD/RSI/SToch together. Even if you use one indicator out of this, your pupose should be solved. Gte in to the habbit of coupling non related indicators. For E.g - One can USe Price, RSI, OI and VIX to study trades in the derivatives market.

    Tc.
     
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  10. columbus

    columbus Well-Known Member

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    Dipen,

    Sorry ,for replying you late.

    BB-20,2
    RSI- E(9,12) with 70 as OB and 30 as OS.
    Stochastics 3,8,4 with 90 as OB and 10 as OS.
     
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