What's the best 1 min scalping indicator or indicators and why?

RDX17

New member
To use with TOS.
Hi Ian

Unfortunately, you are looking for the wrong thing. There is no one indicator that will be your solution for a 1 min / 5 min / any time frame. You will find this cliched line 'there is no holy grail' as far as indicators are concerned.

You will need to create your own system (group of indicators) for the type of product you trade (stocks penny/S&P/NQ/commodities) and marry them with potentially a multi time frame view. Then follow that with a process to define your entry strategy, size, scaling plan, tale profit level etc. and an exit plan including scaling out and stop loss.

All indicators are good and bad. the key also is to understand how to really read them. E.g. RSI which people look as an oversold overbought indicator and try to take reversals - is absolutely the wrong way to read RSI. I prefer to go long when RSI is going up and goes beyond the 60 level. Of course I do not do this in isolation and have a whole system to trade.

And no individual system can be 'in my opinion' be understood and executed well by any one other person but the person who designed the system. So my suggestion is, if you dont have your own system, start your R&D and make yours!!
 

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