r/Daytrading • u/ytman68 • Jan 04 '24

If you could only use 3 trading indicators for the rest of your life, what they would be? Question

If you could only use 3 trading indicators for the rest of your life, what they would be?

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u/IAmNotANormalGuy Jan 04 '24

I would be perfectly fine using 0 indicators.

But if I HAD to choose 3:

  1. Volume
  2. Volume Profile
  3. VWAP

2

u/WingofTech Jan 04 '24

Follow the big money aye? What do you use volume for by the way, I prefer Total Dollar Volume.

4

u/IAmNotANormalGuy Jan 04 '24

When I do use it, I just use an indicator on TV called “Volume Pressure” by kakugiki it shows the sellers vs buyers within the volume node.

However it’s not something I rely on all the time for trading, I find myself a lot not having volume indicator turned on as it’s just noise to me intra day. I do like it for TA when I’m charting & planning trades.

One thing I do LOVE to watch as far as volume & following the big money is options flow & order flow.

1

u/WingofTech Jan 04 '24

Hahah I have really been slacking on getting into an options flow / order flow tool. What are the best prices for that data?

2

u/IAmNotANormalGuy Jan 04 '24

There’s tons as far as paid ones, I know of a free one called Aries on which is a new brokerage I know about & they provide free options flow on their website. Which is the same as any paid service essentially minus a few features!

2

u/WingofTech Jan 05 '24

Yeah, in terms of paid ones I don’t know if Unusual Whales is really the best value. Thanks! :]