Bitcoin Forum

We know that successful trading involves so many factors such as managing one's emotions and risk management, but we also  have those indicators that do guide us on when to buy and when to sell.

So I would love to hear from the community and other experienced traders here. What is that indicator that has helped you make a good amount of profits?

My Favourite are;
- Exponential Moving Averages (4 EMA 8,13,21,55)
- MACD (Moving Average Convergence Divergence)
- RSI (Relative Strength Index)
I have made some profits with them from time to time.

My favorite are Bollinger Bands, RSI, and MACD. I use RSI snd MACD for confirmation. Through these indicators, I can ascertain if I should enter to the certain market or not. Lastly, I'm using Bollinger Bands for me to know if the movement of the market is in high or low state.

My main indicator is Bollinger Bands, but I have the other indicators like RSI, MA, MAC. I don't set the number for every indicator and only using the default number. But if I think it is enough to use Bollinger Bands, I don't use those indicators because I can find a good time for me to trade. But sometime when I find it's difficult to find the time, then I will use one of that indicator to help me find more info.

I only use indicator of volume and trend line, that enough for me, also i use others technical analysis like price pattern and candlestick pattern. But all technical analysis not really enough accurate to predict price action so we should be also have risk management by use stop loss for each trade.

I do not trade for very long, and at this time I use
MACD
RSI
Bollinger bands
it seems to me the most necessary indicators

but I constantly watch videos on other indicators and try to test them.

All these you listed are lagging indicators (they go after the trade call has happened) They can make you money, no doubt. But that may not last as they can lose you more money than they ever make for you. You need leading indicators like Trend Lines, Pivot Points and Price Action. These indicators lead you to where price is going ahead of time.

Exactly my pattern too. Besides indicators, money and emotional management are essentials of trading.

Exponential Moving Averages, MACD, RSI are the best indicators I use as well.

But Bollinger bands had the best number of positive reviews.
https://www.youtube.com/watch?v=fJaN8STzTsE

Check the comments here and you will see. EMA is also one of the best indicators with positives reviews. However, understanding the tricks of the market is the best thing we have to master since indicators won't give you the best results always.

SMA, EMA, Volume. These are the most used indicators of mine. Although EMA is more detailed compared to SMA, I still prefer using SMA because I'm much comfortable about it that is helping me in defining patterns, support, and resistance.

Even I am not an active trader, I am familiar of few technical analysis indicators and strategies. I usually use candle stick chart along with 100 days moving average. I have checked many times that combination of 100 days and 200 days moving averages may get us accurate trend changes. Moreover, all these are all good only for long term trading as I believe no indicators is good enough to predict instantly any sudden change of market conditions.

Indicators may trap us due to "noise" or "minor trend changes" and this is the reason we should use them with higher "time-frame". If you use indicators with smaller time-frame then trading without stop-loss is recommended to skip unnecessary panic and losses.

I do not trade in daily basis but once I have to trade then the only indicator I use is Volume. For me it is the best indicator to predict the price movement. Of course we have our own indicators to trade, its all about preferences which but for me volume is the easiest one to understand or to be implemented on my trading activity.

I used Bollinger Bands, MACD and Average Directional Index. Profits-wise well I gain some from these indicators they do help a lot when you trade in the market.

As an investor who doesn't use a lot of indicators, I want to share some things about the indicators I use most frequently. I use Bollinger bands in almost every economic area and I usually get positive results from these bands. Of course, when these tapes are used, I cannot know about the trend of the breaking point, but I also determine the breaking direction based on my own analysis and knowledge. On the other hand, although I don't use it very often, I also use the RSI indicator from time to time and I am always interested in the analysis I have done from here. Very rarely, I use Fibonacci indicator and I get very positive results especially in my foreign exchange investments.

MA's
MACD
RSI
BB
S & R lines
Fibonnaci (on some casis)

Im not totally relying on TA's but it is pleasant in the eyes on having these indicators.

I don't believe in the use of many indicators. They cluster the platform and sometimes, could confuse you.

I use pivot point mostly. I do the calculation by checking the high, low and close of candlestick. Pivot point really helps me to determine when to exit my trade. Very nice for me.

I do prefer some candlesticks formation because some of them really show the condition of the market.  The candlestick is one of the Best ways in learning on how to analyze the market and get more profits than loses.  I think we should be able to interpret the formations and see the best signal.  As for me I do used pin bar in entering and closes a position.

I would just say no matter how sophisticated our indicators are, if we don't know how to apply good money management skill, we are likely to go back from where we started from every time that the market push us out. Therefore, I think I will class emotion as an indicator too. ;D :o

I mostly do not use indicators.They are only confirmation. ATR  , RSI. No need to use a lot of indicators. They interfere with seeing the whole picture.

Started trading recently and to be honest i found RSI and MACD quite helpful on whether to a buy a certain coin or not, On whether to sell it or not.
RSI also helps me determine if the coin has been overbought or oversold.

Ichimoku Cloud also seems an interesting indicator too. I am still learning to use it and perhaps i could share my experience about it when i have fully masted it.

Wow, thanks for your responses folks, looks like the most popular indicators are bollinger bands, MAs and RSI.
I personally haven't been using the bollinger bands I am definitely going to look at it the coming week

Lagging indicators to me are much better. By the time they show a buy or sell signal depending on the interval you have set. You sure have to buy or sell unlike other indicators that can lead you to certain traps like the bull trap.
My kind of strategy doesn't require taking 40 - 50% profit per trade, Just 1-7% is enough, so they work perfectly for me.

RSI being a lagging indicator rarely helps. Most of the time it fails to predict anything so I really don't recommend you use it.

Probably the best are good old trend lines that you can draw by connecting the candles. Especially on the daily or weekly they give a good perspective. I also like MAs and their crosses. Death/golden usually works with crypto. Bollinger bands also work.

It works if you know what you are doing and what you are looking for. RSI and alongside EMA helped me make roughly 15% profit on one of the trades this week on a coin which is even dumping as shown by the daily chart.

I usually look at that double dip as shown in the first yellow box. As soon as the second dip starts to rise past 30 that's a strong buy signal for me even before the 4 EMA cross over each other to show a bullish trend

Now my target is usually 7% profit but in this scenario the sell signal came at around 15% which i happily took (a 4 EMA crossover and the RSI overbought indication in the second yellow box was enough to convince me to sell). Now tell me how this is a failure to predict?

https://talkimg.com/images/2023/07/19/nunzm.png

Remember this is a dumping coin where people can't even think of making a profit

Try stochastic RSI and Awesome Oscillator as your indicators in trading. That two are my basis as technical analysis for my trading. I used EMA and MACD before but because of the negative results, I already disregarded it. So far, I am gaining profits with my indicators.