the key is for me - whatever works for you. there's no magic
indicator setting.
it's best to just settle on some standard set of indicators and
MA's you like and not deviate -that's the only way that you start
to get a feel for them over time.
those who are always changing indicator settings or adding new
indicators (chasing the 'Grail') never end up getting that 'feel'
art. Again you have to go through some of that to find what works
for you and what you like, but eventually it's best to just setting
on something and stay with it
the 50 SMA - it's something I had on the 5 min chart for 15
years, no reason for me to change it, I know how it behaves because
I've seen 100K charts with it over time probably
Why the 50 SMA and
SPX 15 min
Posted by jcm2323 on 11th of Feb 2022 at 11:16 am
Why the 50 SMA and not the EMA on shorter time frames? great call by the way
IDK - I find it
Posted by matt on 11th of Feb 2022 at 11:17 am
IDK - I find it more useful for price on that time frame - similar to the 200 SMA on a 1 min chart, which tends to be good guide.
the key is for me
Posted by matt on 11th of Feb 2022 at 11:21 am
the key is for me - whatever works for you. there's no magic indicator setting.
it's best to just settle on some standard set of indicators and MA's you like and not deviate -that's the only way that you start to get a feel for them over time.
those who are always changing indicator settings or adding new indicators (chasing the 'Grail') never end up getting that 'feel' art. Again you have to go through some of that to find what works for you and what you like, but eventually it's best to just setting on something and stay with it
the 50 SMA - it's something I had on the 5 min chart for 15 years, no reason for me to change it, I know how it behaves because I've seen 100K charts with it over time probably
Great advice ... THANK YOU!
Posted by jcm2323 on 11th of Feb 2022 at 11:26 am
Great advice ... THANK YOU!