Searchfor:SearchButtonDayTradingIndicatorsToSimplifyYourTradingOctober18,2019Postedby:CoachShaneCategories:SwingTrading,TradingArticleNoCommentsDaytradingindicatorsareausefultradingtoolthatshouldbeusedinconjunctionwithawell-roundedtradingplanbutarenotandshouldnotbetheplanitself.Inthistradingarticle,IwanttocoverwhatIthinkarethebesttradingindicatorsfortechnicalanalysisindaytradingthatIfindveryusefulYouwillalsolearnhowtoseemomentumonthechart,trenddirection,andhaveageneralareawhereyouwilllookfortradingsetups.Theseindicatorsareusefulforanystyleoftradingincludingswingandpositiontrading. WhatDoDayTradingIndicatorsTellYouAlmosteverycommoditytradingchartingplatformcomeswithahostofthetopindicatorsthatthosewhoengageintechnicaltradingmayfinduseful.Yousimplyapplyanyofthemtoyourchartandamathematicalcalculationtakesplacetakingintothepastprice,currentpriceanddependingonthemarket,volume.Differenttypesoftradingindicatorsdodifferentthings:LongandshorttermTrenddirectionMomentumorthelackofmomentuminthemarketVolatility forprofitpotential–Isthemarketreallymoving?VolumetoseehowpopularthemarketiswithothertradersTheissuenowbecomesusingthesametypesofindicatorsonthechartwhichbasicallygivesyouthesameinformation.Whilethismaybeexplainedaslookingfor“tradeconfirmation“,whatitreallydoesisgiveyouconflictinginformationaswellasmoreinformationtoprocess.Asimpleexampleishavingseveraltrendindicatorsthatshowyoutheshortterm,medium-term,andlonger-termtrends. Fromamultipletimeframeperspective,thismayappearlogical.Manytradersthoughcanattesttoseeingaperfectlyvalidsetupnegatedbecauseofatrendconflictandthenwatchingthetradeplayitselfouttoprofit.Lookingatthischart,theevolutionofpriceandthelagofthemovingaverageindicatorscangivedaytradersconflictingsignalsPricebelowlonger-termaveragemeansshortPriceabovemedium-termmeanslongPriceaboveshorttermmeanslongThebluelinesindicatedaytradingopportunitiesthatwouldeitherbeskippedorhaveyouonthewrongsideofthemarketifyoureliedonthetradingindicatorsforyourdecision-makingprocess.Thebott