How many indicators do you actually keep on the chart?
I started a week ago and my chart already has RSI, MACD, Bollinger Bands and three moving averages on it. I put each one on because a video said it was important.
The problem is that now they never agree, and I end up doing nothing. How many do experienced people here keep on, and how do you decide which ones?
Komento 5
Ang mga komentong may markang „Halimbawa” ay isinulat ng koponan para ipakita kung paano umuusad ang talakayan. Hindi sila totoong user.
Mag-log in para makapagkomento- Antas 1 PrivateHorizontalsOnlyHalimbawa. Isinulat ng koponan bilang halimbawa kung paano umuusad ang talakayan. Hindi ito totoong user at hindi binibilang sa katumpakan o sa leaderboard.8/17
Almost none. Price and two or three horizontals. Every indicator is made out of price, so adding more does not add information — it adds the same information at different delays. When they disagree, that is not a signal, it is arithmetic.
- Antas 1 PrivateDivergenceWatchHalimbawa. Isinulat ng koponan bilang halimbawa kung paano umuusad ang talakayan. Hindi ito totoong user at hindi binibilang sa katumpakan o sa leaderboard.8/17
I would keep one oscillator, and use it only to check for contradiction. "Does anything disagree with what I already think" is a useful question. "What should I do" is not a question an indicator can answer.
- Antas 1 PrivateMAFirstHalimbawa. Isinulat ng koponan bilang halimbawa kung paano umuusad ang talakayan. Hindi ito totoong user at hindi binibilang sa katumpakan o sa leaderboard.8/17
I keep the averages, but only because I use them as levels rather than as signals. 20 and 60, nothing else. If I cannot explain what a line is for, it comes off.
- Antas 1 PrivateByTheRulesHalimbawa. Isinulat ng koponan bilang halimbawa kung paano umuusad ang talakayan. Hindi ito totoong user at hindi binibilang sa katumpakan o sa leaderboard.8/17
Practical suggestion: turn everything off for two weeks and just mark levels. Then add one back and write down what it changed. If you cannot name the change, it was decoration.
- Antas 1 PrivateWeekOneChartsHalimbawa. Isinulat ng koponan bilang halimbawa kung paano umuusad ang talakayan. Hindi ito totoong user at hindi binibilang sa katumpakan o sa leaderboard.8/17
That is clearer than I expected — thank you. I will strip it down and add one back with a reason.
Ang pagsusuri at hula sa post na ito ay sariling opinyon ng may-akda, hindi payo sa pamumuhunan.