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Major Indicators to select share script

Discussion in 'Technical Analysis' started by grv1007, Sep 23, 2016.

  1. grv1007

    grv1007 New Member

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    What are the major technical indicators to check, to select a script (for long term and short term both)??

    Sent from my ASUS_T00J using DIY Technical Analysis mobile app
     
    grv1007, Sep 23, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    I have a list of stocks where I trade and invest and that list is based on fundamentals that I have shared here http://shabbir.in/fundamental-analysis/

    Based on that list my trade includes when I see a pattern of double bottom, higher top higher bottom or breakout.

    Everything else is an avoid for me from a trading point of view.
     
    shabbir, Sep 23, 2016
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  3. grv1007

    grv1007 New Member

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    grv1007, Sep 23, 2016
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  4. mdsafdarimam

    mdsafdarimam Active Member

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    PRICE PATTERNS are in itself an indicator. there are no great indicators than PRICE PATTERNS. indicators can be lagging or forwarding. also you have to know it's parameters in which it works best. same indicator behave differently in different chosen parameters. all indicators are derivatives of price behavior. so better work on the PRICE PATTERNS. believe me there is no indicator which is holy grail. also the default parameters which are in the book are not so useful now when high frequency trading is dominating. you have to extract profit from the market where institutional traders , professional traders and gurus of technical analysis are trading. trading is not easy, years of hard work will only give you some edge on others. after years of hard work you will be able to scratch only the surface.
     
    mdsafdarimam, Sep 23, 2016
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