K.I.S.S. Keep It Simple Stupid!

[Robert2617]

True, my chart is a little busy. hahaha... You should have seen it before! That is the whittled down version! Bare minimum! hahahaha

I know the MA's lag a little but I'm not as good as you yet. Once I get a little more comfortable I'm sure I will be able to remove more.

[sudha78]

MA's are good for swing traders as the lag doesn't affect much but for day traders lagging indicators are of no use.

[trader273]

	Quote:
	... for day traders lagging indicators are of no use.

I use 2ma's in my day trading and I use them very effectively. So to say they are of no use is just not even close to being correct.

[cyrilchiang]

MAs are lagging only if you need to see their cross to take action. Gray area before cross and after trend change is the tricky part.

OSC between MACD and DIF can help. KD cross with reset parameters at 30-45 can help as well. Most of my trades are made by all three. Chance to get wrong is very low.

[sudha78]

trader273

Please tell me what are those two MA's and how you use them. I am a newbie here and I couldn't use MA's effectively.

[trader273]

	Quote:	sudha78
	trader273 Please tell me what are those two MA's and how you use them. I am a newbie here and I couldn't use MA's effectively.

Now I don't want to take away all the fun of finding things out for yourself!! I'm just joking around. I could tell you exactly what i use, how I use them, and we would both get different results. The thing is to just experiment for yourself ( that is what I did). But the trick is to find something that appeals to you and stick with it. Don't continuously change the length of the ma's to fit the current day's trading action.

[Kiwi]

A hint: try using mas as support and resistance not as indicators.

[Soultrader]

	Quote:	Kiwi
	A hint: try using mas as support and resistance not as indicators.

Hint: That was a good hint!

[walterw]

	Quote:	Robert2617
	Being reletively new to trading and absolutely new to TradeStation, I have been on a hunt for the past 2 months for the best trade indicators that suit my planned style of trading. That being said, I now have a huge collection of TS indicators of all types and fashions with all types of bells and whistles. The point that I would like to make is that after seeing with my own eyes, all these indicators in action, I have come to the conclusion that while some are pretty good, it appears to me that it is easy to confuse yourself with indecision by using too many at a time. You have this one saying "Buy", this one saying "Wait" and another saying "Sell". And to top it all off, none of the indicators I have seen to date are more accurate than the good old MA's. To show what I mean I have attached an image from yesterday. On this picture I have PaintBars, 3 MA's, Auto Channel Lines, Auto Pivots, and a Swing HiLo indicator. To me, this is all you need (maybe a little too much for some) to get a clear picture of what the market is doing and what I need to do to make a good trade. The plan is when red crosses white, make the trade. Blue is there to show the trend and keep you in or out in the bumpy times.

Robert : I personally like your chart... is there any chance you can share that "$NT swing hi & lo" indicator eld ? I would love to have it , it looks very clean... thanks cheers Walter.

[Robert2617]

Sure...

You can get a whole slew of them at this site This is some free Tradestation software

Warning: Don't trust the "Cycle Identifier" indicator. The indications will change on you!