The 3 Best Day Trading Indicators
Disclaimer: There are affiliate links on this page. This means that if you click through and purchase anything, I might earn a commission for the introduction with no extra cost to you.
There are a number of indicators that day traders can use to help them make better decisions.
The primary characteristics of trading indicators are that they’re numerical, mathematical calculations that are plotted as lines on a price chart and can assist traders in recognizing particular signals and movements within the market.
Some of the most popular day trading indicators are the moving average convergence divergence (MACD) indicator, the relative strength index (RSI) indicator, and the Bollinger bands.
But, not all indicators are created equal. In this article, we will take a look at three of the best day trading indicators and what makes them so useful.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
How to Simplify Your Trading and Not Worry About Indicators
It’s a daunting world of indicators out there. Here are my top two favorite tools that save me a ton of time and effort. These tools already include more indicators than you could possibly manage manually!
- GPS Trader by Steven Brooks. This is AWESOME it takes into account so many different indicators both leading and lagging and makes it one simple strategy for you. Here is a video I did about it with Steven himself. A truly amazing program.
2. PowerX Optimizer by Rockwell Trading. Perfect for swing trading combining the indicators discussed in this article – it scans for you and only finds the best trades based on the combo of indicators. Highly recommended! Here is a video I did all about it.
You can get 33% OFF the sale of PowerX Optimizer here!
The 3 Best Day Trading Indicators
1. The moving average convergence divergence (MACD) indicator is one of the most popular indicators used by day traders. The MACD measures the difference between two moving averages. When the MACD line crosses above the signal line, it is a buy signal, and when it crosses below the signal line, it is a sell signal.
2. The relative strength index (RSI) is another popular indicator that day traders use. The RSI measures the magnitude of recent price changes to determine overbought and oversold conditions. A reading above 70 is considered overbought, and a reading below 30 is considered oversold.
3. The stochastic oscillator is another popular indicator that day traders use. The stochastic oscillator measures the level of the close relative to the high-low range over a given period of time. A reading above 80 is considered overbought, and a reading below 20 is considered oversold.
These are just three of the many indicators that day traders can use to help them make better decisions.
Indicators are not perfect, but they can be a helpful tool in your arsenal. Use them in combination with other tools, such as price action and technical analysis, to give yourself an edge in the market.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
Top Trading Alerts Service and Free Resources
**If you’re looking for a good options trading service, I recommend Bullseye Trades by Jeff Bishop.
Free Trading Resources
Here are some very valuable eBooks covering everything from how to choose a broker to trading oil futures and everything in between!
Check out my FREE eBooks all about trading!
The Complete Guide to Day Trading FREE EBOOK!
For a limited time, Markus Heitkoetter is giving away the electronic version of his bestselling book “The Complete Guide To Day Trading”
It’s 296 pages and full of tips, tricks and practical information that you can use right away in your trading.
Click here to download the eBook now.
Rockwell Trading PowerX Optimizer Reviewed
**Top Alerts Service: Bullseye Trades**
If you are on a budget, I highly recommend checking out my RagingBull Bullseye Trades review. Very high value for a very low cost alerts service with a fantastic track record!
Check out Bullseye Trade alerts here.
The 3 Best Day Trading Indicators: Conclusions
The reality is that all of these indicators appear perfect in the light of day after the move has happened. It’s comparable to learning patterns.
These things do not allow you to understand who is suffering through a current loss and where the momentum is going, despite their apparent usefulness.
Choosing the best technical indicators can be difficult, but it is feasible if inexperienced traders focus their attention on just five areas of market research: trend, mean reversion, relative strength, momentum, and volume.
After they’ve included suitable indicators for each class, traders may begin the time-consuming process of altering parameters in order to match their trading styles.
Russell
Related Articles
Anna Macko 2% Theory Course Review
Alpha Investor Review (Charles Mizrahi) Scam
Leave a Reply