Is MACD is the best for intraday Trading?

By admin · February 28, 2010 · Filed in Intraday Trading

I am using MACD charts for intraday trading, is it the best for intraday trading?

If not then please tell me which is the best chart for Technical Analysis or indiacator for the Intraday Trading?

There isn’t a best indicator for trading. All technical indicators are derived from price, volume, and time. Technical indicators are more of a boondoggle and cause analysis paralysis. If there was an indicator that looked into the future 15 or 20 minutes, we would all be millionaires in less than a month.

Good Luck,

Comments

Channels and bollinger bands
References :

There isn’t a best indicator for trading. All technical indicators are derived from price, volume, and time. Technical indicators are more of a boondoggle and cause analysis paralysis. If there was an indicator that looked into the future 15 or 20 minutes, we would all be millionaires in less than a month.

Good Luck,
References :

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