Price, but have used Bollinger bands since in 1987, so understand larger timeframe-larger parameters, smaller timeframe-smaller parameters. Some symbols trade well using them and others I would not trade. Each market has a personality of it's own.
Nice approach! Adding the zig-zag line certainly helps improve clarity on the chart. It's important to strike a balance between indicators and candlestick visibility. Happy indicator hunting to you too!
Thanks for sharing! Moving Average, MACD, and Bollinger Bands are indeed popular and effective indicators. I just heard them.
Thanks for sharing your approach! It's great to use trend lines, support/resistance zones, candlesticks, and price action for a simple trading strategy. Backtest, set stop losses, and find what works for you. Different opinions exist. Happy trading!
I see that every body mention PRICE. I have not tried that. i guess everyone has this among its indicators.
Many people look at the price on the chart. Some sprinkle the chart with many indicators. Some don't. Some don't even look at the chart and they could be very successful. My friend has this ESP. He invests in stocks & properties. Every day he smiles (a genuine smile). And every year, he will change his 1-year-old car into a new grand car.
Think about it. If you take away all the indicators on a stockchart, what do you have? You only have price action to guide you where the stock is headed. Either it is in an uptrend, downtrend or going sideways. The price of the stock will tell you.
%% Donchian Channels, maybe moving averages help more; or maybe its because i have more moving averages, they underline price or overline it ......................Price alone can be a big trap; C reverse split 10 times so its really $4.604, not $46.04 as price charts say
hat's fascinating! It's intriguing how different individuals have varying approaches to trading and investing. While many people rely on chart analysis and indicators, it's remarkable that your friend has found success without even looking at the chart.