Which combination of indicator is best for intraday?

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Which combination of indicator is best for intraday?

Best Intraday Indicators

  • Moving Averages. Moving averages is a frequently used intraday trading indicators.
  • Bollinger Bands. Bollinger bands indicate the volatility in the market.
  • Relative Strength Index (RSI) Relative Strength Index (RSI) is a momentum indicator.
  • Commodity Channel Index.
  • Stochastic Oscillator.

Is MACD a good indicator for intraday trading?

Momentum traders consider MACD as one of the most reliable and best indicators for intraday trading. This indicator provides information on trend direction, momentum, and duration. The MACD indicator is based on the convergence and divergence of two moving averages.

How do you predict stock movement for intraday?

Candle volume charts are among the easiest to use for predicting intraday price fluctuations. These charts use the capability of both the candlestick price chart and the volume chart. The candlestick chart shows the day high, the day low, the opening price and the closing price for each of the previous trading days.

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What are the supertrend indicator settings for intraday?

Supertrend Indicator Settings For Intraday. Supertrend is constructed with two parameters, the first parameter is the period and the second parameter is the multiplier. Period refers to the ATR number of days. The default value is 7, which means to say that the ATR value will be calculated for the last 7 days.

How to use supertrend indicator in Metastock 12 Pro?

Supertrend Indicator in Metastock The Metastock 12 Pro trading platform has an inbuilt tool called indicator builder which allows for custom creation of indicators. It can be found under Tools > Indicator Builder. To use the indicator, you should go to Insert > Indicator.

How to create a supertrend indicator in Excel?

Insert the indicator as “Supertrend” and keep the default settings as Period 7 and Multiplier to 3. You can add your own settings also. For better result I set two Supertrend indicators having period 7 and 10 and Multiplier to 3.

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How do I use supertrend indicator in Zerodha?

You can use Zerodha Kite or any charting software like economic times stocks charts for Supertrend Indicator or anything you like. Insert the indicator as “Supertrend” and keep the default settings as Period 7 and Multiplier to 3. You can add your own settings also.