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Can day trading be done through simple indicators such as moving averages?

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Using of indicator is our personal choice whether should u include or not. It's your choice. However like most indicator it is best useful in trending market.
What I observed that most indicator use average to calculate whole scenario of indicator. Rsi, stochastical,macd, super trend,EMA. All have basic ingredients i.e average. So using the moving average is quite good for the trading.
Personally I don't like indicator but oftenly I check the trend with my indicator. Which is again a combination of average.
So back test it in at least 20–30 charts and see can you grab the momentum. If it's ok. That what needed.
Indicator is just like Google map which is just directly giving you the way where it is heading. If you know the place where it is moving with your experience. Then using or not doesn't make sense much.

Comments

  1. Phani Kumar27 June 2020 at 16:18

    Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
    Sona Hi Sona IPO

    ReplyDelete

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