KISS rule?

Discussion in 'Technical Analysis' started by stockduck, Apr 13, 2012.

  1. stockduck


    There are so many indictors such as RSI, MACD, SSTO... more than hunreds.
    But all info are made from price and volume history.
    So, maybe it is useful to keep it simple and stupid.
    Just candlestick and MACD?
  2. richk


    I agree.

    I use simple TA on my candlestick charts with price, volume + 3 major moving averages. I do not use MACD or other technical indicator on my charts.

    What I think is good tool and I recommend - use 3 different time frames for analysis of situation. I am swing and position trader so I use daily, weekly and monthly time frames in my regular stock analysis routine. You can see here snapshot of my screen.