October 22, 2007
Posted by Kingston
Rate of Change (Price)
Smoothed Rate of Change
Relative Strength Index
TRIX Indicator
Closing Price relative to Range
Stochastic
Slow Stochastic
Williams %R
Elder Ray
How many days indicator do you use in your trading strategy plan?
Do you use different indicators for each market (stocks, bonds, currency and commodities?)
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October 22, 2007
Posted by mWm22
( 2 ratings )
I use both the Exponential moving average (EMA) and the moving-average-convergence-divergence (MACD) histogram. I use both these indicators in the impulse system, which is a system designed by Dr. Alexander Elder for use in identifying acceptable entry points for trading on momentum.
The Impulse System uses an EMA for finding uptrends and downtrends. When the EMA rises, the inertia favors the bulls, and when EMA falls, inertia favors the bears.
To measure market momentum you should use the MACD histogram, which displays a slope reflecting the changes of the power among the bulls and bears. When it falls, the bears are gaining strength over the bulls.
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October 22, 2007
Posted by bookme07
( 1 rating )
I prefer the rate of change indicator:
The formula for rate of change is: ((Today’s Close - Close n periods ago)/ Close n periods ago) x 100
where n = number of periods
Any questions?
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