What indicators do you use and why?

I use bollinger bands, CCI, Stochastics, and OBV.

BB is to help me spot major moves, Stochastics for measuring current buying/selling power, and OBV for spoting divergence in money flows, Don't know why I use CCI, it just helps. Tried using MACD and found it pretty lagged n useless.

 

I am under the impression that the TA you use depends on your investing / trading time line.

 

to acerbits...what settings do you use on the BB, CCI, STOCH and OBV...and what time period chart do you trade off of...thanks...interesting post!

 

Buffy's B-Line is all you need pal.

 

look forward to this reply...thanks!!

 

Hear hear on Buffy's bline!

 

Are you using anything else besides indicators to help with your trade decisions???

Mark

 

I use all default settings for indicators, for stochastics I use 14,3,3. I trade mostly from 5 minutes charts but also keep a 15 minute chart up to see the longer term trend. I use indicators to help me get an idea of whats going on, but I will always put price action ahead of indicators. I like entering when a market breaks out of it's intraday range, also I like triangles allot.

 

Price and volume. Nothing else matters.

 

I have charts of indicators I've developed or bought, which display nothing beyond the indicator value; no spot price or volume. I am not terribly fond of most TA-tools, but I chart the 15m, daily and weekly for equity; 4h, daily and weekly for FX.