TA goodies for index trading (SPX etc)

Discussion in 'Technical Analysis' started by earth_imperator, Jun 24, 2023.

  1. 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?

    TA_for_SPX.png
     
  2. paulsfz

    paulsfz

    In my case it is Double Ema, Volumen, Stochastic, RSI and Macd, and it works preety well..
     
    murray t turtle likes this.
  3. What params does your Double EMA have? Is this a custom indicator?
     
  4. maxinger

    maxinger

    upload_2023-6-25_3-40-41.png

    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
     
    Darc likes this.
  5. @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).
     
  6. Darc

    Darc

    Williams and RSI are similiar aren't they. MACD too Lagging I woulda thought. You'll get chopped up by the Chop.
     
    murray t turtle likes this.
  7. maxinger

    maxinger

    Most people will add more indicators,
    or look for better indicators.

    All the best to your indicator hunting.
     
    Darc and MarkBrown like this.
  8. mikeriley

    mikeriley

    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.
     
  9. paulsfz

    paulsfz

    Standard just standard. Somone recalculate averge from the candles.
     
  10. paulsfz

    paulsfz

    Nope, Standard EMA not Double EMA. Smoothing Line works.
     
    #10     Jun 25, 2023
    murray t turtle likes this.