Come indicators: MA 7 +BB + MACD


Active member
Honestly macd is a great, so are bollingers, but its even greater to understand what bolingers are actually doing, they are taking the standard deviation, meaning the average extreme moves of the last (usually can be changed) 21 bars, look into what standard deviations are, all indicators do is show you a different way that price is moving, like it simplifies the idea that price is going up or down, the most simple form of this that i have come across is THE STRAT, this will allow you to visualize price action, trading without understand what the indicators are actually doing is only seeing the result, trading "indicators" are not the way to trade, but they do help you visualise what price is doing, one may argue that if everyone is looking at the same indicator than it becomes a self-fulfilling prophecy, meaning if everyone is looking at macd to across over to green than to buy than it works, or if everyone is looking at Fibonacci than it might work, i once saw a post by this creator of indicators name mobious, and he stated that more than three indicators is too much. read this


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