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Author Topic: Favorite trading indicators?  (Read 89 times)
btcb3g1nn3r (OP)
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August 30, 2021, 04:22:19 PM
 #1

Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks
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August 30, 2021, 06:35:32 PM
 #2

Now the crypto market is fully volatile and if you are thinking that one person can predict perfectly so it is impossible so I will suggest to learn and start from small investment and make you own strategy. That would be great.
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August 30, 2021, 09:53:12 PM
 #3

Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks

My favorite indicators includes the following (in no particular order):

- Moving Average: I mainly use two MA indicators on my charts with the first bring the 200MA which provides a much broader view on the market and the 50MA which provides medium to small range view

- RSI indicator: This one basically because it provides a data about the market - whether oversold or overbought and I find those data to be very handy especially when paired with other indicators.

That's all. I try to keep my charts as clean as possible.

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August 30, 2021, 10:54:12 PM
 #4

Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks
MA and RSI are the common indicators and I’m using this one, very simple, easy to understand yet a very powerful indicator that can tells your where the market is going. Though of course you still have to use many indicators to confirm if you analysis is correct, the volume is also important to me.
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August 30, 2021, 11:43:13 PM
 #5

Almost all indicators are same but the most common trading indicators used are EMA, MACD, and RSI it should be enough to analyze the price movement.

I have one indicator that I used on TradingView it gives me more idea before making a decision. It's Williams fractals it mostly uses for 1 or 5 minutes scalping.

If you want to learn about this it would be better if you watch this video on how to use it here https://www.youtube.com/watch?v=juZlrecsIts

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Mahanton
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August 30, 2021, 11:54:06 PM
 #6

Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks
There's no such thing about secret strategy because there are specific indicators for specific situations depending on what coin you are dealing with.
Speaking with favorite trading indicators then these would be my selection;

1. EMA
2. RSI
3. Support and Resistance
4. Fibonacci (Situational)

Not a fan on giving out more indicators because it would really be just be too fancy on seeing my chart.  Cheesy

R


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August 30, 2021, 11:56:39 PM
 #7

It can only be your favorite if it gives you the right signal to trade. I have some experience with some indicators provided by the users on tradingview but sometimes they failed. But most of the time the default RSI with 14day setting works for me and some MAs that I use along with the Momentum Oscillator. It's often going to stop me from buying when I see prices are too high already just like some altcoins today.

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August 31, 2021, 01:52:09 AM
 #8

RSI, MACD & MA are my favorite indicators. These 3 can almost identify the next movement of the price. It works well with high market cap coins, but for low cap gems, we cant assure the accuracy of these 3, as the price can be manipulated by whales or the wallet that holds a large number of crypto.




Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks

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August 31, 2021, 04:06:20 AM
 #9

None of the indicators will help you trade really. They can be used for confirmation if anything. There are many popular ones like moving averages, horizontal support/resistance, RSI, MACD, etc. However if you rely on those you will end up having more losing trades than winning. The way you use them is if the trend is in your favour.

Then what you do is you use something such as moving averages and you enter at the moving average on a pullback. However you need to have more than 1 confirmation before you do this. You cannot just always enter when it hits a certain moving average or you will get chopped to bits. For example if bitcoin is in a strong bullish trend AND making new ATH after ATH, then you can use the moving average to get a good entry. Don't use the moving average to take shorts in a strong bull market and vice versa. You will get signals but they won't work and you will lose money.
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August 31, 2021, 04:28:19 AM
 #10

Stochastic is the best for me.

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August 31, 2021, 04:38:46 AM
 #11

Which trading indicators you're using usually?
If you can share the configuration for each would be nice, if it's part of your own secret strategy, I can understand it Smiley

thanks
when I'm trading i used to apply at least 3 indicators such MACD, Bollinger bands, Stochastic RSI because for me with these indicators i can really see the potential of the candles especially when it comes shorting..for Bollinger band i leave it as is but there's a sign that you need to know about it when it comes to those 3 lines (middle band, lower band, uperband) like what will happen if the candle stick touches it. And Stochastic RIS i leave it as is since its very accurate if it's over bought and over sold the same with MACD, but for me MACD is more reliable wherien i just used Stochastic RSI for more information..  Grin so far they don't give me a problem but it takes time for me to make TA..perhaps 2-3 hours.

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