Without giving examples, it will be difficult to understand these indicators, but they are all confirmatory indicators to confirm support and resistance levels and ensure that stop loss orders are in their correct places.
Sometimes these indicators are broken, for example, the 200 EMA, although it is a confirmatory measure, it was nevertheless broken when the price exceeded the 30k, reaching 16k.
Change the topic content by adding examples so that everyone can enjoy the discussion
Topic: Basic indicator that are very helpful and you may don't know yet... - page 2. (Read 248 times)
September 27, 2023, 10:51:14 PM
September 27, 2023, 10:00:26 PM
So here's the list:
MACD = Buy and Sell Signals
RSI= shows when price is overbought and oversold
Bollinger Bands= volatility levels
9EMA= Short term trends
21EMA= Entry and Exit points
50 EMA= helpful for Stop loss placement
200 EMA= Long-term trend
VWAP= Intraday Breakouts
ADX= strength of the trend
Key note: Just because it is listed does mean you should use it all. All have their purpose and you can just use what resonates with your strategy whether you are a short-term or swing trader. You can just use EMA for signals and confirm it with buy/sell of MACD. The most important is you have a sample data that you're strategy is working and backtested.
MACD = Buy and Sell Signals
RSI= shows when price is overbought and oversold
Bollinger Bands= volatility levels
9EMA= Short term trends
21EMA= Entry and Exit points
50 EMA= helpful for Stop loss placement
200 EMA= Long-term trend
VWAP= Intraday Breakouts
ADX= strength of the trend
Key note: Just because it is listed does mean you should use it all. All have their purpose and you can just use what resonates with your strategy whether you are a short-term or swing trader. You can just use EMA for signals and confirm it with buy/sell of MACD. The most important is you have a sample data that you're strategy is working and backtested.
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