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machonacho
post Jul 26 2020, 01:54 PM

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Hey fellow traders, I have a burning question, I do understand that RSI is calculated with gain/lost %, MFI is volume-weighted, and Stoch is price diff over 14d, but how do you put that into pragmatic terms?

Can anyone elaborate on how do you use it in your trading?

machonacho
post Jul 27 2020, 12:00 AM

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QUOTE(Boon3 @ Jul 26 2020, 02:08 PM)
Very difficult to answer such a simple question.

First it depends the type of trading you are good. Are you a daytrader? 3 days trader? A week? Longer? Or even longer, longer?

14 days is considered way too slow if you are good at fast trading.

Hence, some even use 10 days intervals. Some have even modify to even 7.... but what to use, has to suit you the user.
Internet got plenty of suggestions...

I use none, which suits me fine after years for testing... (which I suggest you to do the same)

(you can search 'chart indicators not reliable')

but again... what matters is you. Test it out yourself... find out what works best in your setup and not rely on others)

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So you trade solely based on the candlesticks? That's a very unique way to trade, first time see man! laugh.gif Coming from a fundementalist investor, damn mind boogling for me to comprehend technical indicators also haha
machonacho
post Jul 30 2020, 01:02 PM

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QUOTE(Boon3 @ Jul 27 2020, 10:41 AM)
Ok let me simply throw a bunch of indicators drawn on a simply random stock.

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Err... so which is your poison?

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Just use all for extra confirmation haha

 

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