Topic: Indicators and strategies
One of my interests is to be scanning stocks on the NYSE and NasDaq, I have an old software that does the job that I require.
I scan for signs that the market trend will be changing for a stock with a view to buying or selling.
The indicators I use are momentum, force, volume, moving average, rate of change, and perhaps slow stochastic.
And these few indicators are enough to locate some excellent opportunities every night.
I wanted to share this, as these indicators are all available in FSBPro and they can do a nice job on finding equitable strategies.
The search for a strategy does not have to have complexity, we have to apply good thinking and determine what components will work for us profitably.
One thing that I have noticed.... the strategy that will signal an entry today may not get a similar entry tomorrow... we have to have multiple strategies that are similar in order to catch the moves.
Further, the strategy that will get the bullish moves may be a disaster on the bearish side.
I hope that will help someone... be sure to add to the thread if you have some insights to share.