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Re: Best of the Worst
I personally have no problems with indicators. However, you need to know what information you are looking to get out of one. Sit down and look at a chart on different time frames. Study the patterns you see, and learn how to read the story. After this has been completed and you understand what is going on, then you can think about using indicators to increase the speed and efficiency of mining data you have a specific purpose for. In my opinion you shouldn't have to look any further than some of you standard indicators such as a stoch or sma. Also, the concept of "lagging" doesn't really bother me for an experienced trader. I think some traders get caught up on using that as an attack against indicators. Just like anything, if used improperly you will get bad results. They key is to take account of multiple time frames and understand the different levels of possible support/resistance and supply/demand surrounding price at any given time.
Now a more direct answer to your question. If you are looking for pure momentum plays to squeak out a point or so (not taking into account RR) many traders just use standard indicators. Most will have at least one oscillator be it a Stoch or MACD. They will also usually have a few SMAs or EMAs up to take trades off of or to trade tight crosses. Of course I do not condone this type of trading without first knowing how to read the market. My main point is that I believe there is no overall "best" indicator out there. The closest you will get is the handful that everyone uses and talks about. When using indicators you shouldn't have to go any further than what's already in your platform.
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