Vote for a technical indicator, for daytrading

Discussion in 'Technical Analysis' started by thesharpone, Feb 15, 2008.

what indicator do you prefer for day trading

  1. RSI

    9 vote(s)
    27.3%
  2. MACD

    15 vote(s)
    45.5%
  3. ADX

    7 vote(s)
    21.2%
  4. Ultimate Oscillator

    2 vote(s)
    6.1%
  1. I dont think anyone said we ignore support and resistance, but how does a MACD or RSI or CCI tell you support and resistance. Looking at price action just means looking at the prices and perhaps volume for trends and support and resistance.

    I am sure others have their definition which may be more detailed and I invite them to chime in. As for me, if you just used trendlines and price patterns alone you would learn alot about reading price action and you would stop looking at oscillators or bands or RSI.
     
    #21     Feb 15, 2008
  2. If a gun was put to my head I STILL WOULDN'T PICK ANY OF THEM.
     
    #22     Feb 15, 2008