There is no idea set of indicators for traders.

This is something all of us depend on our tastes and fine-tune. It is like being attracted to a person. Someone like blondes but I like brunettes.

But I like thing to be simple and clean. I would keep my indicator numbers at no more than five. Let me show you what I use:

1. A set of two EMAs help me identify fair value.
2. An envelope help me identify manic or depressive of the market.
3. MACD line and histogram (most important indicator for me) help me to identify the power of bulls or bears.
4. Force index

I look for divergence signal given by MACD divergences.

Below is another Keppel Land chart drawn by another trader:

Below is the same chart that I draw but I added in bullish divergence.

Keep it simple and you will see something out of the simplicity.

Best wishes from Divergence Trader

Francis

The post What indicators would you choose? appeared first on Divergence Trader.