View Single Post
  #2 (permalink)  
Old 09-11-2007, 09:34 AM
chuck's Avatar
chuck chuck is offline
Registered Trader
 
Join Date: Jul 2007
Posts: 526
Thanks: 0
Thanked 0 Times in 0 Posts
Tools of study

I do not use the MACD, RSI, SAR when I am trading intraday. I do use them on daily charts to get an overall picture. Before I start trading intraday, some people even go back to the weekly chart, which is not a bad idea.

One indicator, I feel that one needs is the average true range. I have posted about this indicator before. It gives you an idea of what the range will be using a 14 day look back. For that day's trading. Then I used the five-minute chart and one minute chart to do my trading.

The ones I use are the Bollinger band, 50 EMA , 27 EMA, 10 Ema high , 8 EMA low, volatility indicator and a couple of more that I have design. Also use the correlation indicator.
All this is used on the intraday chart. Five minutes also use some of these on the daily chart to get an idea how the intraday chart might look like.

Last edited by chuck; 09-11-2007 at 09:42 AM.

Reply With Quote