Best Technical indicators

lalaka · #1 2nd September 2008, 07:23 PM

Dear Members

I am trading for past 2 years ,I haven't made any good profits only made some losses.
I am planing to learn good and reliable indicators.

I found MACD , RSI ,EMA are the good indicators( I know little bit on how to use this).

Experience people can please suggest some good indicators- that one must know (live without it) or which they you are following for years and found useful.

(Is there any indicator which uses volume)

I want to know only 4 to 6 indicators and expertise it
And whats about ATR ,A/D , ADX are these indicators useful.

Senior members help appreciated

Thanks
lalaka

columbus · #2 2nd September 2008, 07:53 PM

Quote:

Originally Posted by lalaka

Dear Members

I am trading for past 2 years ,I haven't made any good profits only made some losses.
I am planing to learn good and reliable indicators.

I found MACD , RSI ,EMA are the good indicators( I know little bit on how to use this).

Experience people can please suggest some good indicators- that one must know (live without it) or which they you are following for years and found useful.

(Is there any indicator which uses volume)

I want to know only 4 to 6 indicators and expertise it
And whats about ATR ,A/D , ADX are these indicators useful.

Senior members help appreciated

Thanks
lalaka

please refer to my thread INDICATORS and OSCILLATORS.Just stick to 2 or 3 techniques ,not more than that.MACD with 9-EMA signal is very good ,to start with.I hope in long run your losses will be minimized to great extent.

Happy trading and all the best

-col

lalaka · #3 3rd September 2008, 12:04 PM

Thanks Columbus

you have mentioned a new Oscillator Awesome Oscillator it seems interesting ,But this one is not present in the Amibroker.
Have you used amibroker or Any body have afl for AO

thanks

vvvv · #4 3rd September 2008, 12:27 PM

according to me the best & easiest indicator to follow is the "trend indicator" & the "blank chart"....it is all there..

basab19 · #5 5th September 2008, 11:29 PM

[quote=lalaka;212948]Dear Members

I am trading for past 2 years ,I haven't made any good profits only made some losses.
I am planing to learn good and reliable indicators.

I found MACD , RSI ,EMA are the good indicators( I know little bit on how to use this).

Experience people can please suggest some good indicators- that one must know (live without it) or which they you are following for years and found useful.

(Is there any indicator which uses volume)

I want to know only 4 to 6 indicators and expertise it

If you enter the jungle of oscillators and indicators, you will find yourself totally confused. It is better to first describe your requirements - To identify the current trend of a stock (randomly selected on the basis of EPS and trailing P/E) you follow the MACD (many will say it is lagging behind the trend). MACD, in my opinion is a reliable indicator whereby you can identify the current trend undergoing. For Trading purpose, you select the "Fast Stochastic" and "Accummulation/Distribution oscillator". Regarding your querry, the indicator which is formulated on the basis of volume - OBV (On-balance-Volume - to identify whether the smart money is entering to the stock OR exiting the Stock), the Money-flow Index.

After getting experience with the indicators/oscillators - you should concentrate with the "Directional Movement Index, ADX" and 'Ease of Movement' indicators.

Thanks.

columbus · #6 5th September 2008, 11:48 PM

Quote:

Originally Posted by lalaka

Thanks Columbus

you have mentioned a new Oscillator Awesome Oscillator it seems interesting ,But this one is not present in the Amibroker.
Have you used amibroker or Any body have afl for AO

thanks

I do not use Amibroker. In the calculations of the oscillator SMA (Simple Moving Averages) are involved ,hence it shows LAG.That is the main drawback of this oscillator.

columbus · #7 5th September 2008, 11:55 PM

[quote=basab19;214299]

Quote:

Originally Posted by lalaka

Dear Members

I am trading for past 2 years ,I haven't made any good profits only made some losses.
I am planing to learn good and reliable indicators.

I found MACD , RSI ,EMA are the good indicators( I know little bit on how to use this).

Experience people can please suggest some good indicators- that one must know (live without it) or which they you are following for years and found useful.

(Is there any indicator which uses volume)

I want to know only 4 to 6 indicators and expertise it

If you enter the jungle of oscillators and indicators, you will find yourself totally confused. It is better to first describe your requirements - To identify the current trend of a stock (randomly selected on the basis of EPS and trailing P/E) you follow the MACD (many will say it is lagging behind the trend). MACD, in my opinion is a reliable indicator whereby you can identify the current trend undergoing. For Trading purpose, you select the "Fast Stochastic" and "Accummulation/Distribution oscillator". Regarding your querry, the indicator which is formulated on the basis of volume - OBV (On-balance-Volume - to identify whether the smart money is entering to the stock OR exiting the Stock), the Money-flow Index.

After getting experience with the indicators/oscillators - you should concentrate with the "Directional Movement Index, ADX" and 'Ease of Movement' indicators.

Thanks.

Perhaps this is a big list.Perhaps only one Oscillator, MACD will do the trick.
If your are unhappy/not getting the desired results ,just CHANGE with sample intervals from [9,12,26].

Czar · #8 6th September 2008, 06:33 PM

for me to track nifty, I rely on watching options + & - 500 points from the present level, most accurate... other than that I mix rsi, macd, sma's & histo...

renu daga · #9 6th September 2008, 06:59 PM

lalaka,,, just go to simple eod nifty analysis....teh most simplest...posted teh chart today

renu
hope it helps...

renu daga · #10 6th September 2008, 07:01 PM

czar,,
i know u / sunil,,, tarde even on bais of option,,, i am zero in that ,,,and feel moer comfortable in fut

if easy can u guys throw more on how to analyse,,,on it,,

renu

The Following User Says Thank You to vvvv For This Useful Post:
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lalaka (11th September 2008), tulika (8th September 2008)

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