[Soultrader]

Yes check the indicator forum for "Volume Delta".

[GCB]

Thanks very much!

[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.

[TinGull]

Hey Robert...intense chart Something to keep in mind with it all...those indicators are lagging ones. Price reigns supreme, and those are accounting for price after a certain amount of bars. For instance...my charts are set up relatively simple. All I really need at this point is chart attached. The pink lines are Market Profile levels, and the other lines are daily and weekly price pivots. My plan is strictly on Market Profile, so I don't need much else on there.

I went through the indicator craziness stuff once...and really, as you said...it confused me to no end. Simpler is much better...and I think when you start looking deeper into the market you'll see that it is much simpler than what you've got there. It's not easy...but it is simple.

[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]

... 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.