Most Popular Period

Discussion in 'Technical Analysis' started by fordewind, Oct 6, 2017.

  1. Hey,All!

    Out of curiosity, how do you think guys, which period out of the many retail platforms indicators most widely used?Is it 14 or 20, or whatever you think it is?
     
  2. tommcginnis

    tommcginnis

    Anyone who takes a pre-bottled 'technical analysis' moving average look-back parameter [what you are terming 'period', if I follow your question] and uses it without change or examination, as to whether it works for the target market underlying, time frame, and even, contemporaneous overall conditions, is due to lose money. You should always tailor, and continuously check your conclusions. Every market, every day. Period. {so to speak.}

    There is nothing holy about the technical analysis tools as they're delivered to your platform.

    {and further...} Every year or so, I go through every technical "study" offered by IB, and see how it performs, and whether I can tune it to do better. One after the other, I put them up against the market, and against themselves, and check (and dispose) until I have one measure for trend, price-oscillator, and volatility. It has been the same 3 (actually 4 -- I double the price/turns indicators with a price and a price+volume), for 11 years of active trading. Main graph is a 4h(1min), then a 1_or_2week(1hr), then a 6m or 1y(1day).
     
    Last edited: Oct 6, 2017
  3. Canoe007

    Canoe007

    Seconds? Minutes? Hours? Days?
    Or is it the frogs and 42, where we have an answer but no context?
     
  4. Sorry i meant the period for indicators not timeframes.E.g., sma 20;rsi 14 etc...
     
    murray t turtle likes this.
  5. dartmus

    dartmus

    I favor a lookback length of 1.
    I.E. the currentbar.

    Sometimes the currentbar mimics the qualities of the preceding bar or bars. Some of those cases are worthy of setting up shop and studying them further, without distraction. specializing in them until all the logical branches have been exhausted and the optimal length and fuzzy parts are reduced to code.
     
  6. maxinger

    maxinger

    I have been day trading futures for years.

    To me, all indicators are useless and worthless.
    I only use zig zig line.

    Learn to read trend from candles, chart patterns, the way price move.
     
    murray t turtle likes this.
  7. Canoe007

    Canoe007

    Yes...
    I use rather different period numbers for different time frames for the same indicator.
    I'd be surprised if most people don't.

    I left reading candles behind by charting 1 second data. A lot more intuitive to read and easier to learn a "feel" for the price movement for the item you're trading.
     
    Last edited: Oct 8, 2017
    murray t turtle likes this.
  8. %%
    20 is better than 14; 50 is better than 20, as far as saving exspences. BUT just remember; everything changes in a bear market:thumbsup::D:caution::caution::caution:. Nice bull market, now, wisdom is profitable to direct, not a prediction
     
    fordewind likes this.
  9. maxinger

    maxinger

    If you go to trading house where traders pay rental for the use of office space and internet,
    you can see many traders don't even use charts !

    They just look at tens of ladders. Obviously there is no indicator.
     
  10. I use RSI 14 period and RSI 200 period. I ‘d tried all the different indicator(including expansive indicators) with a different time period, but RSI 14(14 days worth of moving average,daily chart) works really well for day trading to swing trading and 200 period would work well for the longer term trading. I am currently testing TAS indicator it seems working ok so far.
     
    #10     Oct 18, 2017