What indicators do you use for trading?

josevicentecruz · January 10, 2018, 12:14pm

Hello all,

I would like to get your feedback about trading indicators. In several Exchange sites, it is possible to draw some indicators in the different charts and to make analysis on top of it. Some examples of indicators are: SMA 5, SMA13, EMA 5 and many others. I tried to learn a bit more those indicators but it is not that simple. So, I was wondering what indicators are the most popular in the community so I can at least learn them first. Could you share this with me? Also, would someone have a nice page explaining those indicators in the context of cryptocurrencies trading? Thank you in adavane.

josevicentecruz · January 10, 2018, 2:20pm

Thanks for your answer. Will check Coinigy later on.

Roadkill · January 10, 2018, 5:32pm

I use the free tradingview interface. Works well

dawz0r · January 12, 2018, 7:58am

I use tradingview with MA cross, RSI and MACD. Keeping it basic.
Coinigy has videos on youtube on how to use them.
Node investor has a great beginners guide on trading. Skip the introduction to crypto. That information is to be found fore free.

gcrewe · January 15, 2018, 5:10pm

Additionally I would like to add the following:

I have to say that Bollinger Bands width helps me know if there is a breakout or consolidation of the market.

Momentum also helps know how strong a breakout is.

jel111 · January 22, 2018, 3:43pm

The 90day x beginners series on Bitcoin Pub has some great videos on this.

Lee_Brennan · February 16, 2018, 8:43am

I use the coinigy charting package with the GDAX exchange linked so I can make trades directly from my charts.
As for indicators I use, I look at price action with candlsticks and the the 21 50 and 100day sma to see trend (100d) and use 21 and 50 to show support and resitance.
I look at MACD for crossovers and divergence and RSI for overbought/oversold signals and divergence.
I look a bolinger bands to look for overexurbernce in stocks and also look for bolinger pinch paterns when a stocks price range tightens and a break out is possible.
but before I look at any indicator I look for where the price is, (high/low) i don’t buy at highs I buy on price lows and I look for price reversal patterns on candles stick charts…
I try to use indicators after I think the price chart looks good and I find they have the most relevent infomation at major support or resistance levels…

RPCx · February 19, 2018, 7:13am

Man some of the indicators depends on the liquidity and volume of the market.
I have in my set up two that allows me to see goods entry and exit points, they are Bollinger Band and the Retrecement of Finonacci.

I add to them, suports and resistance lines with channels (up or down).

Believe in me there is no erros to make profits, at least I am speaking for my portfolio.

Cheers.

Nahuel · June 5, 2018, 5:18pm

I use Tom Demark Sequential Countdown. Available on Trading View. I started developing my own strategies around this indicator.

Dimolad · July 14, 2018, 6:24pm

I come from a spreadbetting background and my advice would be to keep it as simple as possible. i often see these trading tutorials where they are going crazy using every possible indicator available but the problem is that you end up creating a layer of complexity and it affects the most important factor in trading - your psychology and decisiveness!

I use 8 day EMA, 21 day EMA and 55 day EMA and 200 day SMA as general guidance for market direction
I also use Average directional index (ADX) and Relative strength index (RSI) as a general guidance for momentum in the market.

The great thing about this set up is that it can be applied to any trading commodity, be it cryptos, stocks, indices etc.

oshi · November 28, 2018, 1:37pm

Personally sometimes I use this tool https://coinalyze.net/coin/bitcoin/ . It allow me to see the trend on various timeframes and also momentum

Brendan_Valentine · May 18, 2019, 7:35am

Hey Jose!

It is important to remember that all indicators for the most part are derivatives of price itself. They also tend to be lagging for this reason which is not positive when timing is everything.

I like to focus solely on price action itself primarily. Some attention to volume does not hurt either for assessing the conviction of a move.

I am starting to design algorithms for high frequency trading and what I really pay the most attention to is the slope of the price. The key is to be able to stay moving with the slope and change to accommodate it. For this simple moving averages can work well on multiple time frames. I don’t mind using 10, 30 and 200 day averages for various purposes.

I hope this is helpful!