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Best technical analysis indicators for intraday trading

1. Best Exponential moving average crossover for intraday trading

Moving aveage crossover is very important technical analysis indicators for intraday trading.

Most of the traders fails to identify right combination of moving average.For intraday trading 5 day EMA , 8 Day EMA , 15 Day EMA in 15 minutes timeframe is very useful. It provide very reliable signals for futher movement of stock .

2. Adx indicator for intraday trading

Most of the trader ask how to use ADX indicator for intraday trading. ADX indicator measure the strength of the trend . It confirms whether we are in trending market or sideways market.

 

Standard Rules of Adx indicator for intraday trading

  • If +DMI is above -DMI and ADX value is between 0-30 stock trend is UP  and But Strength is weak dont Take any trade.
  • If -DMI is above +DMI and ADX value is between 0-30 stock trend is Down  and But Strength is weak dont Take any trade.
  • If +DMI is above -DMI and ADX value is between 30-50 stock trend is UP  and Strength is Strong take half of your position.
  • If -DMI is above +DMI and ADX value is between 30-50 stock trend  Down  and Strength is Strong take half of your position
  • If +DMI is above -DMI and ADX value is between 50-80 stock trend is UP  and Strength is VeryStrong take half of your position.
  • If -DMI is above +DMI and ADX value is between 30-50 stock trend  Down  and Strength is Very Strongtake full position
  • If +DMI is above -DMI and ADX value is between 80-100 stock trend is UP  and Strength is VeryStrong exit from your position
  • If -DMI is above +DMI and ADX value is between 80-100 stock trend  Down  and Strength is Very exit from your position.

3. Stochastic RSI technical analysis indicators for intraday trading

Stochastic RSI techanical analysis indicator is one of my favorite indicator .Trading setup include Heikin ashi candle and stochastic rsi . Setting for RSI and stochastic RSI is 8 periode and time frame is 15 minutes. The overbought and oversold levels for Stochastic RSI is 80 and 20 .

4. Bollinger bands trading strategy for intraday trading

Bollinger band is multipurpose indicator . It is used to find out the stock volatility - stock trend direction - stock support and resistance levels. Bollinger band works on the principle of moving averages.The default setting of the indicator is 20 days EMA . Bollinger band contains three lines called upper band - lower band - middle band. Stock price generally moves in between these three lines. Before any big movement in stock bollinger band get squeez . If stock price close above upper band line stock move in +ve direction . If stock price clse below middle line and lower band stock price move -ve.

5. Bollinger bands and Stochastic RSI trading system for intraday trading

 For intraday trading set time frame to 15 minutes . Wait bollinger band to get squeez. If stock price close above upper band line and Stochastic RSI at crossover at 30 stock move in +ve direction . If stock price close below middle line - lower band and Stochastic RSI at crossover at 80 stock price move -ve.

 
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Friday, 03 April 2020

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