What are the best indicators for swing trading? – Intermediate Trading Strategies

I have had success using several popular stock indicators:

Pareto: This is an indicator created by the famous mathematician, Martin Gardner. It shows how many of a stock’s products (or markets) a stock has in common with another stock. It works very well for small stocks, but it is a poor indicator if it is large. Since some stock indicators provide multiple levels of performance, this means that small stocks (like a company you don’t track) will perform a similar percentage of their combined product’s performance as large stocks or if it is a small-cap stock.

Flexible-Charts: This is a popular indicator for tracking a broader market or for seeing what stocks are trending. In the chart, the bar represents the percentage of the total stocks (or markets) whose price range (or price action) resembles the bar. If the bar rises to a point where the percentage of the total stocks are trending, the indicator may be called Flexible. If you add in a large enough range of price action, such as 4%, or 3%, or anywhere in the area between these two points, then the indicator is commonly called Flexible-Charts. If the trend is in your favor, the indicator will become Flexible-Chart, even if only a small portion of the total group is moving in that direction. It is also possible to add in a little more movement in one direction than another, which can be Flexible-Charts. The more motion between two points on the chart, the more likely the indicator is to become flexible. If both extremes move back to a single point on the chart (meaning not enough movement), it is usually Flexible-Chart.

Pivots: These are indicators created in recent years by WallStreetOasis to test various trading strategies against a variety of market indexes. These are indicators that allow you to track the performance of a stock over time. The Pivots indicators can give you a quick sense of how the market is going in the short term, but they are not meant to predict the future performance of stocks (and, in fact, many are created just to show how much some stocks can rise or fall). The Pivots indicators provide very little information (and it is possible to get a good response even if you don’t track the data). They are also not usually considered to be a reliable indicator of whether the price action of a stock is moving in the direction of or away from what you want it to move.

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