Tell us about your favourite 5 indicators along with your strategy for day trading.
My indicators
1. previous day's HLC and today's opening price as important support and resistance levels
2. pivot points for intraday range
3. double Bollinger bands with 1 and 2 SD on 20 period MA on 5 min charts to indentify trending/ ranging markets
4. Woodies CCI panel along with LSMA, chop zone indicator and sidewinder as a momentum indicator along with Woodies 8 CCI patterns
5. Nifty index with OHLC
Here is a chart picture of Reliance Infra to demonstrate my strategy.
Now tell us about your 5 indicators.
My indicators
1. previous day's HLC and today's opening price as important support and resistance levels
2. pivot points for intraday range
3. double Bollinger bands with 1 and 2 SD on 20 period MA on 5 min charts to indentify trending/ ranging markets
4. Woodies CCI panel along with LSMA, chop zone indicator and sidewinder as a momentum indicator along with Woodies 8 CCI patterns
5. Nifty index with OHLC
Here is a chart picture of Reliance Infra to demonstrate my strategy.
Now tell us about your 5 indicators.