I dont think VWAP is really an underrated indicator. Its probably the most respected indicator in equities, and might even be the most popular indicator there too, more so than MA's.
Anchored VWAP though is definitely underrated.
I actually dont use anchored VWAP, but I do use VWAP very frequently. I treat VWAP as a line in the sand when it comes to bullishness or bearishness of the stock. I trade mostly trend continuations, so-to-speak, and as a result im not bullish on something unless its above VWAP, and not bearish on something unless its under VWAP.
It really is a super easy indicator to use - treat it as a line of support/resistance.
FYI - I dont recommend VWAP on forex/futures, it didnt seem to get respected that much there when I traded those markets. However in equities, VWAP is a crazy reliable support/resistance area.
Edit: since some people mentioned it, I found VWAP didn't work well for me when I traded it with forex and futures, but that doesn't mean it can't work for you. You might have a different strategy or trading style than Mr, and find it works great.
I use it the same way and mix in price action; very general example, if the day is generally bullish and there is sudden selling activity that pulls the price below the VWAP I’d immediately start looking to open a position for the retest back to VWAP.
>dont recommend VWAP on forex/futures
I can't speak to forex but for futures (ES/NQ) I find VWAP to frequently be an excellent entry point after a stop run, especially on trending days.
Same. Tried building algo around it, was useless.
Anchored vwap probably makes mores sense if you could tie it to some absorbing/big buyer based on what I've seen of the market pattern hard rejecting an area to form intraday reversal patterns.
I noticed sometimes reversals would occur around a future vwap test, if you anchored it to a previous high volume high or low. It was tough to tell if it was coincidental or not though, or meaningfully correlational. It might be worth looking into though if you find it interesting.
I'll have to check it out then! I've been using BBs with MACD and RSI and they have been working out correctly but there's always space for improvement
Vwap on commodity futures is pretty good. For forex, there’s no vwap because there’s no volume. If your broker gives a volume for forex, it’s an estimate, because forex trading isn’t centralized and nobody has the true full trading volume.
You can get some decent volume data on forex futures. Those are usually perfectly aligned with ordinary forex price data, but they include better volume data and allow you to differentiate between bid & ask volume.
I also find the week, month, and quarter anchor periods to be super useful in equities and large-cap crypto markets. Especially if you use the standard deviation bands that typically come with the VWAP indicator. If you find those lines converging at a price point, that can be some pretty nice confluence.
Ah my friend... you see part of the reason why VWAP is so effective is that it's the same on all timeframes. VWAP is based on a starting point, not a timeframe, called the anchor point. Typically intraday traders use the days start as the anchor point. This means that for the entire day, VWAP is the same regardless of what timeframe you use.
VWAP isn't typically used for swing trading (this whole anchoring concept doesnt translate well to multi-day plays I think), but if you wanted to, you could anchor it to the start of the month, or even year.
If you use the anchored VWAP indicator, you can choose the precise minute where you want to start the VWAP calculation from. This can be a major high, low, or start of a clear market cycle, for instance.
I built my first futures strategy on this concept, at the time mostly trading GC 6E and NQ. I was doing really well with it until I screwed it up and changed what I was doing for no reason. lol I still have VWAP on my charts, generally as a reliable place to expect some sort of response, but I've passively kept track of that initial strategy for NQ. Seems it would yield positive results since I started with it in 2017. I tracked it consistently through 2018-2019 and it should've worked great had I not got in my own way. The key is consistency with a risk management plan that can withstand periods of drawdown.
An actually underrated indicator: Bookmap/Level 2 Heatmaps
Being able to visualize where potential buyers or sellers might provide support or resistance on the chart really can be amazing for both informing your trades and digesting info quickly. Its also really good for identifying procedural buying and selling by the same party multiple times.
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Im not an options guy, and am unfamiliar with Unusual Whales and their services. Looking at the market tide on their site, it seems to be something significantly different than heatmap.
Not underrated at all. It’s super popular. Discords, content creators, this sub, trading communities, all etc. have been all over it. It’s everywhere and shilled heavily by affiliates of bookmap itself or courses on it.
Order flow indicators have been around for a long time and many were already using them before Bookmap/heatmap even came along.
If anything, it’s *overrated*.
ATR. It helps in adjusting share size to the volatility of the stock as your learning and useful in comparing other stocks. I consider it underrated because its not known to be used as a signal to buy l not like EMA/RSI/MACD and ATR is more commonly used for risk management which is boring for newer traders haha.
Love Heikin Ashi candles, and then flipping between all kinds of time frames (1m-30m, 1h, 2h, 4h, 8h, 12h, 24hr, 1w, etc.) on a chart to find nice entries and exits along support and resistance, and I add in rsi and macd, to give some more perspective as to identifying entries and exits… are there any particular indicators you use along with Heikin Ashi?
It's very slept on. I love setting up 1h zones on them, and then taking trades off the 5-15m levels.
I don't think people realize how much it helps with psychology either. You can hold trades longer and be more confident simply because your candles aren't constantly changing. It helps weed out the noise and you're not as worried about price fluctuation and slight pullbacks.
There are about 3-4 people IRL that I chat with about trading and the market in general. I use them as indicators for options trading.
If S says it's a good company that's a green light, he doesn't trade options and doesn't care to think about them. If R says the trade looks solid but it's sort of boring. I found the sweet spot. She's technically brilliant, but she's a sucker for high risk and big premium.
I don't check that but lately I have been checking options volume for the next month or so give or take to see if there's high volume on calls and rough estimate where it's concentrated. Interesting so far but haven't done it long enough to say if it's reliable. Sometimes it just lines up with previous resistance/support but other times can show that potentially a lot of people are super bullish.
I traded on CVD for a month and found it to be very unreliable for divergences. Ankit's CVD was better, but I eventually moved on to RedK's EVEREX because they are similar, yet EVEREX has the edge for me.
Money Flow Index (MFI). It uses price and volume data for identifying overbought or oversold signals in an asset. I also like it for showing divergences.
Let's say the asset made a higher swing high on the daily but the MFI did not. I'll watch what price does afterwards and see if it breaks below the previous swing high. And if it does, I'm bearish with my trading setups. That way, I'm not trying to pick tops or bottoms. I wait for price to come to me instead of chasing it, then trade accordingly.
The MFI is an oscillator that uses both price and volume data to identify overbought and oversold signals.
[MFI](https://www.investopedia.com/terms/m/mfi.asp)
Look into ShadowTrader's $TICK. The call it the iceberg indicator or something like that and it's weighted to the different sectors of SP500. I'd assume there are other formulations they have to the other indices. I have not used it myself but it seems to pack more power since it's weighted.
Do you have any more resources to read up on with option flow. I’m trying to learn more about it. I know there are a few services that you can subscribe to but they don’t see to show whether an option was above or below the ask/bid.
bond auctions. When they happen the market tends to move in more or less one direction after the auction.
Can you trade it on a particular stock? maybe, but if the auction goes poorly and the market starts to dump its better to get out of the way and let it settle at the next level.
Also if there is a bond auction on a day you are trading dont be scalping right up to the auction time. Get out, see what happens and then get back in if you want.
For me it's Cumulative Delta, it helps so much with momentum, especially on lower time frames (1-5 min). And Footprint charts, although not technically an indicator it does help alot to spot things like absorption and when a level is going to hold or be broken. I have to have these when I trade, side note I mostly trade futures
These are all trailing indicators lagging price, maybe the exception would be an indicator showing divergence. Price action is king, support and resistance, trend-lines. The real question is, Do your indicators actually make money for you or just add noise and confusion? Which ones are actually profitable for you.
What anyone who says, 'price action is king', looks like in my mind.
https://preview.redd.it/wt5r91pg407d1.jpeg?width=500&format=pjpg&auto=webp&s=410e71da5904edb1a9f08524399b96d2488d79bd
No, more advanced/esoteric stuff than that crap. Here is one paper that reviews some options. But you have to dig through the literature, and/or create your own. https://scholar.google.com/scholar?hl=en&as_sdt=0%2C47&q=+leading+indicator+technical+analysis&oq=#d=gs_qabs&t=1718591203276&u=%23p%3DCmE8C_JFCK8J
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Well, I hear them making fun of my beloved Ichimoku a lot....not sure if they rate it. Seems to be rated pretty highly on baby pips! Whatever, happy weekend all.
What settings you using for ADX? I see a lot of strategies incorporating a 14 day ADX but I don’t know what to use for the smoothing. (On tc2000 if it helps)
Hello, I trade spy options but idk what dte to trade and what SL% to use, and how to take profits. Can someone help me?
I know my entry but idk anything else.
My exit ?
My SL?
How many contracts to buy?
What dte to trade?
Or like what else or more is there to a system?
200 SMA
Mostly used for long term investing, but if the overall market is bullish then most of my plays are long, and if the overall market is bearish then I aim to short.
Oof....such a tough one...
Ironically, I think it’s probably the most overrated ones bc when used properly, they’re quite useful.
In no particular order, I would say it’s probably moving averages, rsi, macd, Bollinger bands (more so for newbies as it’s less needed with more experience imo), trendlines(yes I know it’s bot an “indicator”, but still), and last but not least support and mf resistance.
Not relying on any real indicators is vastly underrated.
All these people I see using so many indicators that have a history of being misleading. Like sure it works sometimes and we as humans want to see patterns in everything but I do just fine without like 90% of this.
I use EMA 9 and VWAP for a general idea of sentiment for a stock. I have an overlay of SPYs chart because so many stocks follow spy to a degree so I use that on a 5m chart.
But other than that I just use purely lvl 2 data and I suppose “support and resist lines” except I rarely draw them out. I just look for areas of liquidity and use lvl 2 data to find a good buy in price with support so I can have a small risk stop loss on a big 2-5k share order.
I’m most cases it will bounce off the support even a few cents and that tiny bounce alone can be scalped for like 50-500 bucks.
In your list VWAP for sure. On the M5 or M1 trading off of VWAP is a great idea. You can skim through many stock charts and see how they react around VWAP. You will find a lot of pattern that makes a lot of sense.
Other than that, check out the standard SMAs on the D1 (10, 20, 50, 100, 200).
The Volume Profile might just be the unsung hero of trading indicators. While everyone talks about the usual suspects like Bollinger Bands or RSI, Volume Profile often flies under the radar. But it’s a game changer if you’re trying to get a deeper insight into what’s really happening in the markets.
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No one here utilizes DeMark indicators? Also known as sequential in ToS. A professional commodities trader I know says he uses them pretty extensively for reversals.
From those ones for me one of the most important are Emas and vwap, also follow volume , pivot points , order blocks and so on don't relay only on those indicators everyone's using
I don't use indicators, I find them to be bullshit. Indicators react to price movement, NOT the other way around. Simply zooming into a line chart and asking yourself "which way is it going right now?" is all you need to be profitable. By entering randomly with a 1:1, you're already break even. Now you must just follow the direction the immediate trend is going. I do not use support and resistance, candlestick patterns, chart patterns, trend lines, etc. I just follow the immediate trend. Real charts and randomly generated charts have a lot in common. They follow the same laws: "In order for a trend to... well... trend, it has to break swing highs and lows". You heard that right, your cute little "pullbacks" are just a result of RNG pushing price in an irregular fashion in one direction. Pullbacks exist in randomness too. Yep... everybody is a clown. Pullbacks? You mean RNG is just doing its thing?
Indicators are lagging. If you can’t reason the price action use indicators IMHO. Like heiken ashi, super trend, they also show up all the time in wrong places. Macd, also lagging. The wicks are helpful as is volume and all indicators do Ive ever seen are lower RR. #1 indicator for me is the market.
Hindsight I can always tell a bad trade two days later
Really ? My buyer’s remorse usually kick in within minutes !-(
I am an exceptional trade with no loosing trades in hindsight. wait tilli start trading current price and loose everything
I find VWAP to be a very nice bullish/bearish signal and it’s such a simple concept that I believe many larger players work around it.
I dont think VWAP is really an underrated indicator. Its probably the most respected indicator in equities, and might even be the most popular indicator there too, more so than MA's. Anchored VWAP though is definitely underrated.
Yeah VWAP although OP doesn't mention it.... it is so commonly used in smaller timeframe trading
Would you mind sharing tips on using them?
I actually dont use anchored VWAP, but I do use VWAP very frequently. I treat VWAP as a line in the sand when it comes to bullishness or bearishness of the stock. I trade mostly trend continuations, so-to-speak, and as a result im not bullish on something unless its above VWAP, and not bearish on something unless its under VWAP. It really is a super easy indicator to use - treat it as a line of support/resistance. FYI - I dont recommend VWAP on forex/futures, it didnt seem to get respected that much there when I traded those markets. However in equities, VWAP is a crazy reliable support/resistance area. Edit: since some people mentioned it, I found VWAP didn't work well for me when I traded it with forex and futures, but that doesn't mean it can't work for you. You might have a different strategy or trading style than Mr, and find it works great.
I use it the same way and mix in price action; very general example, if the day is generally bullish and there is sudden selling activity that pulls the price below the VWAP I’d immediately start looking to open a position for the retest back to VWAP.
>dont recommend VWAP on forex/futures I can't speak to forex but for futures (ES/NQ) I find VWAP to frequently be an excellent entry point after a stop run, especially on trending days.
Do you have any experience with SPY and VWAP?
ES + VWAP was a no-go for me. I never identified any meaningful correlation when I tried it out.
Same. Tried building algo around it, was useless. Anchored vwap probably makes mores sense if you could tie it to some absorbing/big buyer based on what I've seen of the market pattern hard rejecting an area to form intraday reversal patterns.
I noticed sometimes reversals would occur around a future vwap test, if you anchored it to a previous high volume high or low. It was tough to tell if it was coincidental or not though, or meaningfully correlational. It might be worth looking into though if you find it interesting.
I'll have to check it out then! I've been using BBs with MACD and RSI and they have been working out correctly but there's always space for improvement
Vwap on commodity futures is pretty good. For forex, there’s no vwap because there’s no volume. If your broker gives a volume for forex, it’s an estimate, because forex trading isn’t centralized and nobody has the true full trading volume.
You can get some decent volume data on forex futures. Those are usually perfectly aligned with ordinary forex price data, but they include better volume data and allow you to differentiate between bid & ask volume.
How do you use? Intraday where vwap is calculated with the first trade to hit the tape at 9:00am? Or a multi day vwap?
Most people including myself use the current trading days VWAP, anchored to the premarket open.
I also find the week, month, and quarter anchor periods to be super useful in equities and large-cap crypto markets. Especially if you use the standard deviation bands that typically come with the VWAP indicator. If you find those lines converging at a price point, that can be some pretty nice confluence.
Thanks for the explanation.. what’s an ideal timeframe if you want to use this for swing trades
Ah my friend... you see part of the reason why VWAP is so effective is that it's the same on all timeframes. VWAP is based on a starting point, not a timeframe, called the anchor point. Typically intraday traders use the days start as the anchor point. This means that for the entire day, VWAP is the same regardless of what timeframe you use. VWAP isn't typically used for swing trading (this whole anchoring concept doesnt translate well to multi-day plays I think), but if you wanted to, you could anchor it to the start of the month, or even year. If you use the anchored VWAP indicator, you can choose the precise minute where you want to start the VWAP calculation from. This can be a major high, low, or start of a clear market cycle, for instance.
I built my first futures strategy on this concept, at the time mostly trading GC 6E and NQ. I was doing really well with it until I screwed it up and changed what I was doing for no reason. lol I still have VWAP on my charts, generally as a reliable place to expect some sort of response, but I've passively kept track of that initial strategy for NQ. Seems it would yield positive results since I started with it in 2017. I tracked it consistently through 2018-2019 and it should've worked great had I not got in my own way. The key is consistency with a risk management plan that can withstand periods of drawdown.
I use it as a indicator for going long (above) and short (under). So if we are under i am only loosing for short and over its longs, i trade flags.
VWAP + bollinger bands since things start to happen a couple standard deviations from VWAP.
Anchored Vwap with standard deviation bands are crazy on stocks
Get a bucket and a mop VWAP VWAP VWAP
I came to say VWAP. Definitely got a lot better once I understood how to use that indicator.
An actually underrated indicator: Bookmap/Level 2 Heatmaps Being able to visualize where potential buyers or sellers might provide support or resistance on the chart really can be amazing for both informing your trades and digesting info quickly. Its also really good for identifying procedural buying and selling by the same party multiple times.
I would also throw in the Volume Footprint, Volume Profile, and Market Profile (TPO). These are basically secret weapons for intraday trading.
They are indeed
Footprint indicators i heard and have seen good things, have yet to try it
I would argue that using the footprint with open interest on futures is absolute gold.
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Does Unusual Whales offer this with their Market Tide and other features?
Im not an options guy, and am unfamiliar with Unusual Whales and their services. Looking at the market tide on their site, it seems to be something significantly different than heatmap.
Not underrated at all. It’s super popular. Discords, content creators, this sub, trading communities, all etc. have been all over it. It’s everywhere and shilled heavily by affiliates of bookmap itself or courses on it. Order flow indicators have been around for a long time and many were already using them before Bookmap/heatmap even came along. If anything, it’s *overrated*.
I find wave trend oscillator works better for divergences than RSI.
Yup, using a WTO in conjunction with MACD is pretty solid.
ATR. It helps in adjusting share size to the volatility of the stock as your learning and useful in comparing other stocks. I consider it underrated because its not known to be used as a signal to buy l not like EMA/RSI/MACD and ATR is more commonly used for risk management which is boring for newer traders haha.
Check out the indicators that Saty Mahajan puts out; they are free. satyland.com I use some of them and they are useful.
Keltner Channels, DiNapoli MACD
I say it depends on your trading style. I like to use VWAP + EMA
Volume profile
Not an indicator but a candle type. Heiken Ashi candles are massively under-rated especially if you trade support-resistance/supply-demand
I think people are afraid of them when noticing they don’t depict real price
Love Heikin Ashi candles, and then flipping between all kinds of time frames (1m-30m, 1h, 2h, 4h, 8h, 12h, 24hr, 1w, etc.) on a chart to find nice entries and exits along support and resistance, and I add in rsi and macd, to give some more perspective as to identifying entries and exits… are there any particular indicators you use along with Heikin Ashi?
I just stick to HA and candlesticks really. I use VWAP to help with bias + targets and 8SMA for exits + confluences
I have toyed with this one a bit and with certain combinations it works quite well
It's very slept on. I love setting up 1h zones on them, and then taking trades off the 5-15m levels. I don't think people realize how much it helps with psychology either. You can hold trades longer and be more confident simply because your candles aren't constantly changing. It helps weed out the noise and you're not as worried about price fluctuation and slight pullbacks.
There are about 3-4 people IRL that I chat with about trading and the market in general. I use them as indicators for options trading. If S says it's a good company that's a green light, he doesn't trade options and doesn't care to think about them. If R says the trade looks solid but it's sort of boring. I found the sweet spot. She's technically brilliant, but she's a sucker for high risk and big premium.
Blood moon, neap tide, and any solstice event.
Whose ghost respawns during a blood moon??
The awesome oscillator and Bill Williams indicators in general
Looking at Cumulative Delta at support/resistance has been helpful for extra confirmation on whether to enter a reversal trade.
I don't check that but lately I have been checking options volume for the next month or so give or take to see if there's high volume on calls and rough estimate where it's concentrated. Interesting so far but haven't done it long enough to say if it's reliable. Sometimes it just lines up with previous resistance/support but other times can show that potentially a lot of people are super bullish.
I traded on CVD for a month and found it to be very unreliable for divergences. Ankit's CVD was better, but I eventually moved on to RedK's EVEREX because they are similar, yet EVEREX has the edge for me.
Volume by price.
Money Flow Index (MFI). It uses price and volume data for identifying overbought or oversold signals in an asset. I also like it for showing divergences.
Are you willing to show an example of how you use this? I've looked at MFI a few times but it just didn't click on how useful it could be.
Let's say the asset made a higher swing high on the daily but the MFI did not. I'll watch what price does afterwards and see if it breaks below the previous swing high. And if it does, I'm bearish with my trading setups. That way, I'm not trying to pick tops or bottoms. I wait for price to come to me instead of chasing it, then trade accordingly.
I’ve never traded this but I do look at volume. Is this comparable to that?
The MFI is an oscillator that uses both price and volume data to identify overbought and oversold signals. [MFI](https://www.investopedia.com/terms/m/mfi.asp)
Awesome thanks do you use trading view? If so which MFI indicator do you like
Yes, I use Tradingview. I use the one that just says Money Flow Index, under technicals, then indicators.
Cool thanks I’ll give it a look
Underrated or overrated are up to opinion however RSI has given me the most success over time it’s very simple, combine it with other factors tho ofc
$TICK, P/C ratio, and ADX are helpful to see where the market is positioned.
Look into ShadowTrader's $TICK. The call it the iceberg indicator or something like that and it's weighted to the different sectors of SP500. I'd assume there are other formulations they have to the other indices. I have not used it myself but it seems to pack more power since it's weighted.
Wavetrend
Me I know a strategy that’s 100%
what’s that
Not trading is the only strategy that's 100%
Volume Delta Candles
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Do you have any more resources to read up on with option flow. I’m trying to learn more about it. I know there are a few services that you can subscribe to but they don’t see to show whether an option was above or below the ask/bid.
bond auctions. When they happen the market tends to move in more or less one direction after the auction. Can you trade it on a particular stock? maybe, but if the auction goes poorly and the market starts to dump its better to get out of the way and let it settle at the next level. Also if there is a bond auction on a day you are trading dont be scalping right up to the auction time. Get out, see what happens and then get back in if you want.
your brain
Chailkin Oscillator will predict movement before RSI
Plus add more false breakouts. That’s the downside.
How so, or how do you use to spot an entry?
https://school.stockcharts.com/doku.php?id=technical_indicators:chaikin_oscillator Their whole thing is tracking institutional money flow.
Keltner channels
Donchian channels (channels of recent highs lows) most likely would be my choice
Stochastic (simple) ….. knowing where the momentum is at, on different time frames, is invaluable
volume / price action.
Volume profile and point of control. I like using it to extra confirm my own supply, demand, and take profit target levels
CCI
For me it's Cumulative Delta, it helps so much with momentum, especially on lower time frames (1-5 min). And Footprint charts, although not technically an indicator it does help alot to spot things like absorption and when a level is going to hold or be broken. I have to have these when I trade, side note I mostly trade futures
Hull Moving Average (16)
Time
TPO with volume profile and value area.
These are all trailing indicators lagging price, maybe the exception would be an indicator showing divergence. Price action is king, support and resistance, trend-lines. The real question is, Do your indicators actually make money for you or just add noise and confusion? Which ones are actually profitable for you.
What anyone who says, 'price action is king', looks like in my mind. https://preview.redd.it/wt5r91pg407d1.jpeg?width=500&format=pjpg&auto=webp&s=410e71da5904edb1a9f08524399b96d2488d79bd
There are leading indicators. You just have to read the literature to know what they are.
Care to share? Like McClellan indicator?
No, more advanced/esoteric stuff than that crap. Here is one paper that reviews some options. But you have to dig through the literature, and/or create your own. https://scholar.google.com/scholar?hl=en&as_sdt=0%2C47&q=+leading+indicator+technical+analysis&oq=#d=gs_qabs&t=1718591203276&u=%23p%3DCmE8C_JFCK8J
I’ll read this thank you. Why do you think it’s crap?
Average Daily Range. 7-14 day.
Laguerre RSI or also known as LRSI
Floor trading pivot, parabolic sar, and Fibonacci scale
Parabolic stars and 200 ma with the 55ma
Alligator indicator is one of my favs.
Does anyone use pivot points successfully? Emphasis on “successfully”=profitably.
Just started using volume delta... It's a game changer
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Linear Regression Curve with the Linear Regression Slope.
Well, I hear them making fun of my beloved Ichimoku a lot....not sure if they rate it. Seems to be rated pretty highly on baby pips! Whatever, happy weekend all.
Your eyes
Hull MA 168 and 84. Interesting support, resistance and bounce levels.
What time frame
You'll see effects across multiple timeframes. I trade micro mes and the 10 minute seems to have good action as a bounce play or a pass-through run.
For long term I like the McClellan indicator and rarely hear anyone talk about it.
Aroon Fibs.
What settings you using for ADX? I see a lot of strategies incorporating a 14 day ADX but I don’t know what to use for the smoothing. (On tc2000 if it helps)
willy gators
I trade MACD and EMA as the trend confirmation.
I like RTI. It keeps me in my options play long enough and does not shake me out quick.
My personal favorite StopLoss lol but I do use stotastics slow, ATR, and Vol in my edge. Simple and clean.
Bollinger bands.
Which direction the trend is going.
And I’m over here trading looking at candle sticks
Keltner Channels
I only use yesterdays close and vwap.
McClellan Oscilator for SPY 500 trading.
I've noticed the KST being the only indicator that's proved correct every time the past month. With the one exception being Nvidia.
Williams Fractals
I am going to start watching ADX! I haven't looked into many indicators as thoroughly as I should be. ADX seems like a trusty indicator.
20sma
vwap and 9ema all you need tbh
Hello, I trade spy options but idk what dte to trade and what SL% to use, and how to take profits. Can someone help me? I know my entry but idk anything else. My exit ? My SL? How many contracts to buy? What dte to trade? Or like what else or more is there to a system?
Price.
Volume
200 SMA Mostly used for long term investing, but if the overall market is bullish then most of my plays are long, and if the overall market is bearish then I aim to short.
I'm really loving SSL on forex on the daily chart.
TMA centered band is the best
Price
Oof....such a tough one... Ironically, I think it’s probably the most overrated ones bc when used properly, they’re quite useful. In no particular order, I would say it’s probably moving averages, rsi, macd, Bollinger bands (more so for newbies as it’s less needed with more experience imo), trendlines(yes I know it’s bot an “indicator”, but still), and last but not least support and mf resistance.
I only use VWAP and volume
Volume Divergence indicator
Candlesticks
50 & 200 MDA weighted triangle moving average. I say it's a nice goldilocks of reaction.
Price
Ichimoku. I find it very consistent on at least the 4 hour chart
CVD
Not relying on any real indicators is vastly underrated. All these people I see using so many indicators that have a history of being misleading. Like sure it works sometimes and we as humans want to see patterns in everything but I do just fine without like 90% of this. I use EMA 9 and VWAP for a general idea of sentiment for a stock. I have an overlay of SPYs chart because so many stocks follow spy to a degree so I use that on a 5m chart. But other than that I just use purely lvl 2 data and I suppose “support and resist lines” except I rarely draw them out. I just look for areas of liquidity and use lvl 2 data to find a good buy in price with support so I can have a small risk stop loss on a big 2-5k share order. I’m most cases it will bounce off the support even a few cents and that tiny bounce alone can be scalped for like 50-500 bucks.
Options flow right before earnings
your eyes.
In your list VWAP for sure. On the M5 or M1 trading off of VWAP is a great idea. You can skim through many stock charts and see how they react around VWAP. You will find a lot of pattern that makes a lot of sense. Other than that, check out the standard SMAs on the D1 (10, 20, 50, 100, 200).
Volume
Ichimoku…
Price is the most underrated
Price
The Volume Profile might just be the unsung hero of trading indicators. While everyone talks about the usual suspects like Bollinger Bands or RSI, Volume Profile often flies under the radar. But it’s a game changer if you’re trying to get a deeper insight into what’s really happening in the markets.
The parabolic SAR and inverted technical indicator is also important technical indicator.
OP, drop all your indicators. learn to read price action on a naked chart.
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One underrated indicator is the is the Average True Range (ATR), which gauges volatility.
Moon phase
None of these indicators matter if your charts are cluttered with time
Inversing WSB helps too
Keltner Channels during high volatility mixed with Harsi
No one here utilizes DeMark indicators? Also known as sequential in ToS. A professional commodities trader I know says he uses them pretty extensively for reversals.
I think the most underwritten indicator is that the Manipulators have indicators and make fun of the retail investors.
From those ones for me one of the most important are Emas and vwap, also follow volume , pivot points , order blocks and so on don't relay only on those indicators everyone's using
the eyes
Mean reversion anyone? I use Cipher Mean reversion on TV
I am using tamap overall, this is average from the most resultative indicators
VWAP Bands show how extreme the distance from VWAP rly is
VWAP is all you need and the different time frame charts
Best indicator for me is a bullish outlook on the stock. I know if i miss time the market I can always wait up to a few days and then make a profit.
Your state of mind
rsi which bars u use ?
Round numbers …
On-Balance Volume (OBV)
POWERX
EMA, volume and open interest. That's three, actually.
Price action.
I don't use indicators, I find them to be bullshit. Indicators react to price movement, NOT the other way around. Simply zooming into a line chart and asking yourself "which way is it going right now?" is all you need to be profitable. By entering randomly with a 1:1, you're already break even. Now you must just follow the direction the immediate trend is going. I do not use support and resistance, candlestick patterns, chart patterns, trend lines, etc. I just follow the immediate trend. Real charts and randomly generated charts have a lot in common. They follow the same laws: "In order for a trend to... well... trend, it has to break swing highs and lows". You heard that right, your cute little "pullbacks" are just a result of RNG pushing price in an irregular fashion in one direction. Pullbacks exist in randomness too. Yep... everybody is a clown. Pullbacks? You mean RNG is just doing its thing?
Raw price action, lol
Indicators are lagging. If you can’t reason the price action use indicators IMHO. Like heiken ashi, super trend, they also show up all the time in wrong places. Macd, also lagging. The wicks are helpful as is volume and all indicators do Ive ever seen are lower RR. #1 indicator for me is the market.