best trend-showing indicator?
PeterKalw:
What about PSAR? Not 100% but after the 2nd dot forms the trend is usually accurate - not to be used on flat or sideways market.
Guys, what is the best indicator showing trend?
I tried many and either they are too delayed or too vulnerable to pullbacks. I've have best experience building my own trendiness using
- ADX 15x higher timeframe
- CCI 15x higher timeframe
I'm working with 1m timeframe.
A trick which also works great is reversing trend direction when OBV goes far from its EMA-130 and gets crossed by Linear Regression line. But this cross doesn't happen 100% of times, so be careful.
What works for you guys?
Barry Hendriks:
What about PSAR? Not 100% but after the 2nd dot forms the trend is usually accurate - not to be used on flat or sideways market.
What about PSAR? Not 100% but after the 2nd dot forms the trend is usually accurate - not to be used on flat or sideways market.
Thanks Barry, will try.
And how do you tell the difference between flat from trending from choppy ?
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Guys, what is the best indicator showing trend?
I tried many and either they are too delayed or too vulnerable to pullbacks. I've have best experience building my own trendiness using
- ADX 15x higher timeframe
- CCI 15x higher timeframe
I'm working with 1m timeframe.
A trick which also works great is reversing trend direction when OBV goes far from its EMA-130 and gets crossed by Linear Regression line. But this cross doesn't happen 100% of times, so be careful.
What works for you guys?