InsiderB

Nifty : More with Indicators & Stuff !

NSE:NIFTY   Nifty 50 Index
Indicators ??? On InsiderB post ?! Oh yes & It's not by mistake, for the purpose of explaining few things to the community. The wide spread view on Indicators be it RSI , Macd , stochastic or any indicator is that they lag & always come behind price action, they fail, can't be used for counter in trending markets, n lot more. But, Does any of the strategy out there works 100% of the time without failures ? In the same way Indicators do fail at times & work at times but if the same indicator is used with discipline without switching from one to another every week/day, you will be doing good at trading.

So all of sudden I support Indicator usage ? I support all kinds of trading except gambling without a plan, its just that most of times I don't use indicator to take a trade, for very few setups only I look for RSI else none only price action. During starting phase of trading its more than welcome to use an indicator. Why ? Bcos it takes out the confusions for you indicating a direction for you, leave about trade fails or wins, if the same indicator & setup is followed every single time you can simply make money with an Indicator & moving averages. Bcos the winners will compensate the money you lost but only thing same process needs to be repeated for trading every single time.

Marked those 1 & 2 just to show how they work normally, 2 being normal scenario they are well aligned with price & as price moves down, Indicator also goes down. But look at 1 . those are opposed, its divergence. The zones marked ( circled white), first two worked n next failed. There is Normal divergence & Hidden divergence and if you google             you will find those variations & there are different school of thoughts which conflict which each other calling same divergence as Bullish & Bearish . And, last point as I shown Macd , it doesn't mean I'm following it :)

Points to take home :
i) Indicators has its flaws, Not failure
ii) If followed consistently it makes money

InsiderB


Well scripted !Very few can be a candle who spreads light all around
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InsiderB pankajjalan24
@pankajjalan24, Thank you :)
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I think Indicators are essential supportive Stuff of Pattern. Like "Flight Engineer" of an Aircraft, where Pattern is PILOT.
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InsiderB DSKF16
@DSKF16, I can't disagree, they are part of trading always :)
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DSKF16 InsiderB
@InsiderB, Thank you.
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sorry brother ,first time i was joking to you,now realised after watching your posts you are the best in harmonic pattern,among all edition of trading view,this expression from my heart,you deserve only like,and i am weak in harmonic pattern and now learning from your chart,thank you
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Sarsans rupambose32
@rupambose32, hats of to your humbleness. Learning process has no limits. Best wishes
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@Sarsans, thank you
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InsiderB rupambose32
@rupambose32, Thanks for your kind words,All the Best :)
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Indicators ??? On InsiderB post ?!
I am surprised but liked it.
+1 Reply
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