which indicator or combination of indicator is good in intraday trading . . . . . .

 

which indicator or combination of indicator is good in intraday trading 

 

Forum on trading, automated trading systems and testing trading strategies

Signal Systems

Sergey Golubev, 2013.03.18 11:26

ASCTREND SYSTEM

 

The Theory

  • trading on open bar' and 'trading on close bar' concept 
  • Re-enter: practical example about how to trade asctrend manually with re-enter options.

 

Manual Trading statements  


Second version of this manual trading system and for now - asctrend indicator together with NRTR indicator

 

First version of AsctrendND EA.

 

Next version of AsctrendND EA (verion 1.02) with TrendStrength filter added. 



 
u shouldn't br following indicators,rather go with fundamental concepts
 

Indicators can be a good addition to your trading in order to keep objective, and to keep your trading non-emotional. For intraday trading I would look at momentum indicators like momentum, rate of change, MACD, RSI and volatility indicators/channels ATR Bollinger and the likes. Any indicator can be good and profitable, it depends on how you use them and make them fit your personality and style of trading.

 Happy trading... 

 
Abdul Salam:

which indicator or combination of indicator is good in intraday trading 

For Intra day Trading, RSI, MACD, Bollinger Band & ADX must be used. Parabolic SAR also very useful.
 
Abdul Salam:

which indicator or combination of indicator is good in intraday trading 

i recommend ichimoku kinko hyo, its one of the best accompanied by MACD 
Reason: