I just started trading index options (SPX etc.) for swing trading, ie. not daytrading. I'm using BollingerBands, Williams %R, MACD. These 3 TA indicators/oscillators seem to work much better with such major indexes with such small volatility (< 20 or so) than for stocks with bigger volatility. Nowadays there are a ton of such indicators and oscillators available. Any other good working ones to recommend especially for such index trading?
I definitely wouldn't be able to analyze your chart / template. There are far too many lines which are very distracting. I used to have hundreds of distracting lines/gantry/butterflies/boxes/rays/fibos .... on the chart. Try mine. I just focus on the price/shape/pattern
@maxinger, I'm fine with such many indicator/oscillators,. BB is the absolute minimum I need to have. The question was about good indicators/oscillators, or good-fitting non-std-setups of them, for the S&P500 index (SPX).
Williams and RSI are similiar aren't they. MACD too Lagging I woulda thought. You'll get chopped up by the Chop.
Most people will add more indicators, or look for better indicators. All the best to your indicator hunting.
I've learned after using dozens of indicators, once I took the time to understand Market Structure, and it's inevitable breaks, and how and when to trade those breaks, the only indicator that matters are the two above my nose. EDIT: The market itself shows us when to trade.