Top 5 Favorite Indicators - Vote

Helene Z. · #1 (**permalink**) 07-03-2009, 04:02 PM

Vote on your favorite Indicator here!

dexteritytc · #2 (**permalink**) 07-04-2009, 06:55 AM

I am really surprised that many people voted bollinger bands...
I use it too, but its not that reliable. Someone who knows how to use fibonacci very well is on a whole new level if you ask me.

Helene Z. · #3 (**permalink**) 07-05-2009, 04:45 PM

Quote:

Originally Posted by dexteritytc

I am really surprised that many people voted bollinger bands...
I use it too, but its not that reliable. Someone who knows how to use fibonacci very well is on a whole new level if you ask me.

dexteritytc,

absolutely, fib is definitely a tough indicator to learn and to use but it's a good indicator to learn. I like to use BB also, and in all honesty, what indicator is 100% correct or reliable? =0) How long have you been using BB?

Helene Z. · #4 (**permalink**) 07-08-2009, 10:50 AM

Very nice! I see that MACD is beating all the other indicators. For all those who voted for MACD, why do you like that indicator?

madu · #5 (**permalink**) 07-09-2009, 08:22 AM

Quote:

Originally Posted by dexteritytc

I am really surprised that many people voted bollinger bands...
I use it too, but its not that reliable. Someone who knows how to use fibonacci very well is on a whole new level if you ask me.

hello fellow traders have you heard abou fss system

Helene Z. · #6 (**permalink**) 08-05-2009, 07:11 AM

OK, so I see that MACD is the favored indicator to use. Can anyone explain to why they like MACD?

akeko · #7 (**permalink**) 08-12-2009, 08:29 AM

Quote:

Originally Posted by Helene Z.

OK, so I see that MACD is the favored indicator to use. Can anyone explain to why they like MACD?

Seems the really good ones are not included in the selection. I thing the best are: a) MM (Market Matrix) - which is combination of Delta, Elliot and fib. b) CCI (Woodie), and c) MA.

Helene Z. · #8 (**permalink**) 08-12-2009, 08:05 PM

Quote:

Originally Posted by akeko

Seems the really good ones are not included in the selection. I thing the best are: a) MM (Market Matrix) - which is combination of Delta, Elliot and fib. b) CCI (Woodie), and c) MA.

akeko!

You like the more complicated ones huh?! Those are great indicators, however, I was including the more simple ones and the more popular ones. =0)

Marty · #9 (**permalink**) 08-28-2009, 07:19 AM

CCI and William%R

Both are not listed in the poll

Helene Z. · #10 (**permalink**) 08-28-2009, 10:12 AM

Quote:

Originally Posted by Marty

CCI and William%R

Both are not listed in the poll

Sorry marty!

the indicators you have mentioned are not as popular! but I'd love for you to give a quick explanation on what those indicators do and how to read them so everyone on this forum and your fellow traders can learn from you as well!

NotEnuffCapital · #11 (**permalink**) 10-21-2009, 02:14 PM

I'm of the opinion that Bollinger bands are fantastic; it's merely a question of whether you know how to use them that's important. Simply using n-20 and 2 standard deviations as a one-size-fits-all doesn't really take into account market volatility when times are quiet, and tends to over-compensate once there's a breakout. I guess you could say that whatever data you input into it in terms of parameters and the data source itself, is essentially what you get out of it; give it meaningless information, and the indicator will tell you meaningless information. I might be bold in saying so, but the way I use Bollinger bands is significantly more reliable than any other indicator I've ever seen.

That said, indicators are called tools for a reason: they're merely something the tradesman [or trader, in this instance] uses as a means to an end. If you understand what the indicator tells you, and how to use it, then it really doesn't matter which one you use.

Slowly building up the capital to live "comfortably"....

Helene Z. · #12 (**permalink**) 10-25-2009, 02:45 PM

Quote:

Originally Posted by NotEnuffCapital

I'm of the opinion that Bollinger bands are fantastic; it's merely a question of whether you know how to use them that's important. Simply using n-20 and 2 standard deviations as a one-size-fits-all doesn't really take into account market volatility when times are quiet, and tends to over-compensate once there's a breakout. I guess you could say that whatever data you input into it in terms of parameters and the data source itself, is essentially what you get out of it; give it meaningless information, and the indicator will tell you meaningless information. I might be bold in saying so, but the way I use Bollinger bands is significantly more reliable than any other indicator I've ever seen.

That said, indicators are called tools for a reason: they're merely something the tradesman [or trader, in this instance] uses as a means to an end. If you understand what the indicator tells you, and how to use it, then it really doesn't matter which one you use.

Slowly building up the capital to live "comfortably"....

NotEnuffCapital,

Thanks for your input! I have a basic information on Bollinger Band in my section of the forum, I would love to have you add to that. Please visit Bollinger Band (1) and continue the Bollinger Band lesson there!

bobomee · #13 (**permalink**) Today, 05:36 AM

MACD is perfect for short term traders.immediately the line joins the reverse trend is imminent.just enter and take 25pips within 25minutes.come back after retrace and take more if your greedy but for me,25 pips is okay.at least i won.