Hi everybody,
I’m aware that this community is fond of strategies based on multi-time frames and a bunch of indicators, thousands lines code systems.
Anyway, back to the basics, if you have to choose only one time frame and only one indicator, what would be your choices ?
Thank You
Every kind of timeframe not lower than 2m and not higher than 4h; a good portfolio diversification also goes through a diversification of the timeframes.
Every kind of timeframe not lower than 2m and not higher than 4h; a good portfolio diversification also goes through a diversification of the timeframes.
i think you misunderstood the question, what you described is not an indicator, but the holy grail <3
Adx (with DI+ and DI-).
Timeframe? From 1m to 1h. Abovethat it is investment, you don’t need indicator, just buy S&P 500 or Nasdaq ETF 😀
For me this works on all time frames.
Give broader spectrum of price movement and quick response.
MA (Zero Lag Exponential 10)
MA (Zero Lag Exponential 20) – (Horizontal shift -2)
MA (Zero Lag Exponential 50)
MA (Zero Lag Exponential 100)
MA (Zero Lag Exponential 200)
I often used 1m time frame with Bollinger Bands and confirm with VWMA.
My favorite TF used to be 1h but now my systems tend to be lower and lower but not lower that 2m yet.
I think the reason it´s because they can get a better entry and also tend to have more operations and that´s a big plus for me.
The downside of lower TF is you have a reduced bactktest period, and that can mean very few market behaviours tested.
Related to this, I have thought often about create/test a system with TF1h and later try to “translate” to a lower TF for Real Trade. Never try though.
About indicators I use the usual indicators (average, RSI, MACD…) but someone that recently use more and more is Bollinger Width Bands