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Author Topic: Most effective indicators?  (Read 242 times)
bittraffic
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June 20, 2024, 06:24:32 PM
 #21


RSI if you like to be a swing trader, seems to be the most effective in weekly charts and this will mean you could also wait for months to make just a few differences. You can still make a profit with just a little capital. Let's say $500 in this kind of market, the overbought and oversold is the only signal to find being a spot trader.

Volume Osc to add something whether there really is something behind the volume.

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June 20, 2024, 06:25:47 PM
 #22

They all suck because none of them are showing the future. People think looking at indicators can make them guess the future correctly. Indicators can't give you that information, otherwise everybody would use that information and everybody would get rich.

Still though, I use moving averages a lot because why not. I know it is not much different than gambling or fortune telling but I still can't resist. I like to examine charts and make guesses about the future. RSI is a nice indicator too. I don't know much about the rest. I like to keep it simple.

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June 20, 2024, 07:53:54 PM
 #23

It depends on what timeframe you are looking at on a chart but the most common indicators used by traders are CCI, MA, Volume, and RSI. The most effective indicator will depend on yourself on how you analyze it on the chart and through the timeframe if it's working or not.


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June 20, 2024, 09:37:27 PM
 #24

They all suck because none of them are showing the future. People think looking at indicators can make them guess the future correctly. Indicators can't give you that information, otherwise everybody would use that information and everybody would get rich.

Still though, I use moving averages a lot because why not. I know it is not much different than gambling or fortune telling but I still can't resist. I like to examine charts and make guesses about the future. RSI is a nice indicator too. I don't know much about the rest. I like to keep it simple.
Because there's no such thing, I mean that is the purpose of indicators: for traders to slightly predict and come up with an analysis in the market for the possible price movement. In that way, traders could have a guide on what they will follow with the purpose of earning through their trade. Not just indicators, there are many methods or ways a trader could come up with an analysis that could help them decide when and what position they will enter and for how long. There's no one who could predict the next movement of a certain crypto currency; it will only depend on how the traders predict the possible price movement of a certain currency so that it could be beneficial for them. That is the purpose of indicators, not to specifically predict the future of a certain coin. Anyway, I'm not familiar with the listed indicators by OP, but maybe I'm using a few of them. Anyway, there are a lot of indicators, and the ones listed are just a few of them.

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June 20, 2024, 11:28:16 PM
 #25

     There are many indicators that can be used in trading when we perform any activities on an exchange. Now, we don't agree on which of these we want because, for sure, we have indicators that other traders don't want. We may use indicators that are difficult for others to use.

     The indicators that are difficult for us to use for others are easily something like that, because for me, the only indicators that I often use are Trendline, SMA, RSI, and Keltner, and nothing else. There is also a chance that I often only use two of the ones I mentioned.

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June 21, 2024, 03:44:41 PM
 #26

It depends on the capability of the trader people tend to use different indicators which is suitable to their strategy me personally after I understand the use of the MACD and I'm using a day trade before I always check if the chart have a good possible of overbought or oversold so this give me an idea if I will go for a position or not. Also you can use Bollinger bands for other strategy those are just helping tool at the end of the day it's up to the user how they will execute their trades to get profit.

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June 23, 2024, 11:15:21 AM
 #27

What are the top effective combinators for good entry and exits with little loss and that can give good ROI.

I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.




Go and search for "Moving Average" and put Simple Moving Average in the chart. Click the indicator to edit, and in Inputs change length to 14, then in Source change to ohlc4. Click OK.

If the price goes 10% above the line, then place a bid 5% above the line. If it goes to the other direction below the line, do the same in reverse for short-selling.


I received some messages asking me about the post. To answer them, before I was but currently NO, I'm not an active day-trader, swing-trader, or any "trader" of any sort. I am not emotionally built for that, but that's the indicator that I truly liked the best. Although, I couldn't follow my own rules. Haha.

I'm sounding like a broken record, but I merely HODL and store most of my Bitcoins in cold-storage in an offline computer. I suggest everyone should do that too!

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June 23, 2024, 11:50:44 AM
 #28

What are the top effective combinators for good entry and exits with little loss and that can give good ROI.

I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.

RSI is sure one of the best instruments I use in terms of indicators, but like I believe you already know and have said, there is actually not best indicator in general terms, different traders tend to learn to use the indicator(s) that works best for them, or in other words, an indicator which when they use, they tend to have more profitable trades than their loses, and in that regard, RSI has been really effective for me, and sometimes, I do add Bollinger bands as well.

And I think it's worth mentioning that I am not actually a very active trader, I am mucb more focused on buying on the spot market and holding for the long term, most especially now that we are closer than ever to another massive bull run, it's been a very long time I last traded, but when actually I do, the above mentioned instrument is what I make us of.

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June 25, 2024, 04:31:40 PM
 #29

What are the top effective combinators for good entry and exits with little loss and that can give good ROI.

I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.

RSI is sure one of the best instruments I use in terms of indicators, but like I believe you already know and have said, there is actually not best indicator in general terms, different traders tend to learn to use the indicator(s) that works best for them, or in other words, an indicator which when they use, they tend to have more profitable trades than their loses, and in that regard, RSI has been really effective for me, and sometimes, I do add Bollinger bands as well.

And I think it's worth mentioning that I am not actually a very active trader, I am mucb more focused on buying on the spot market and holding for the long term, most especially now that we are closer than ever to another massive bull run, it's been a very long time I last traded, but when actually I do, the above mentioned instrument is what I make us of.
It would really be just that according on how well you would really be able to make use of these indicators but its true that when it comes to usage and relevance then RSI could really give out those
kind of signals on which you could make use on the moment that it would really be making up some biases in terms of price movement on which of course it wont be that 100% precise but at least
you do have basis on the decisions that you would really be that making. You could really make out some combination with some RSI plus having some bollinger bands or making use of
moving averages on which you would really be that having those entry confirmation but of course it would really be just that depending on how you would really be reading up those things.

On the moment that you would be finding yourself to know on how to make use of these indicators that you would really be that making up that kind of advantage.
Although it wont really be giving out that precise results but at least you do really have those indication when making up some entry or exit.
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July 02, 2024, 06:59:16 PM
 #30

What are the top effective combinators for good entry and exits with little loss and that can give good ROI.

I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.

RSI is sure one of the best instruments I use in terms of indicators, but like I believe you already know and have said, there is actually not best indicator in general terms, different traders tend to learn to use the indicator(s) that works best for them, or in other words, an indicator which when they use, they tend to have more profitable trades than their loses, and in that regard, RSI has been really effective for me, and sometimes, I do add Bollinger bands as well.

And I think it's worth mentioning that I am not actually a very active trader, I am mucb more focused on buying on the spot market and holding for the long term, most especially now that we are closer than ever to another massive bull run, it's been a very long time I last traded, but when actually I do, the above mentioned instrument is what I make us of.
It would really be just that according on how well you would really be able to make use of these indicators but its true that when it comes to usage and relevance then RSI could really give out those
kind of signals on which you could make use on the moment that it would really be making up some biases in terms of price movement on which of course it wont be that 100% precise but at least
you do have basis on the decisions that you would really be that making. You could really make out some combination with some RSI plus having some bollinger bands or making use of
moving averages on which you would really be that having those entry confirmation but of course it would really be just that depending on how you would really be reading up those things.

On the moment that you would be finding yourself to know on how to make use of these indicators that you would really be that making up that kind of advantage.
Although it wont really be giving out that precise results but at least you do really have those indication when making up some entry or exit.
I do agree with this on which it will really be just that depending on how well you do make yourself make use of those indicators on which you would really be having those different usage and testing up on which one would really be that working for you or simply that makes you profitable or something that makes you do able to handle market volatility on which same as you said that there's no such thing about being having that precision because each indicator would really be having that corresponding usage and as a trader then you are the ones who would really be choosing up on which one would really be the best indicator on which you do look that it would really be that something that helpful on your trades. There would really be that having no effective indicators or having that kind of ranking because all of them have that specific usage on which if you do really know on what you are really that doing and having those kind of purpose then it would really be that an advantage on your part since you do know on what you are doing in the first place.

R


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mrkfdr
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July 04, 2024, 07:57:42 PM
 #31

None.

TA indicators you mention analyze historic data, this is not relevant to the Bitcoin market.

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