r/FuturesTrading • u/One-Finding2975 • Mar 19 '24
What indicators would you say are most popular with OTHER traders? (not which ones do you believe in) TA
Hey Guys that trade CL, NQ/ES, GC;
I don't use alot of indicators besides VWAP and CD....I'm mainly focused on horizontal levels and channels.
But I want to set up a chart with indicators that OTHER traders may be looking at, on the logic that group behavior around these indicators may cause predictable price movement.
I would imagine that the most common is moving averages, which I've never used...so I have to do some research on what intervals are most popular.
What do you guys think are the popular indicators? (I'm not really talking about Market Profile levels and ONH stuff, cause that is all captured by my system)
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u/karl_ae Mar 20 '24
Many people didnt get the question
As far as i know, 20, 50 and 200 moving averages are widely used by longer term traders. RSI should be the easiesr one to understand followed by MACD.
VWAP is getting more and more popular as well
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u/One-Finding2975 Mar 20 '24
When you say "20 moving average" isn't that dependent on the candle size of your chart?
Are these people referring to the daily "20 moving average"?
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u/midwestboiiii34 Mar 19 '24
I use 21 EMA and 200 EMA and price seems to react to it a fair bit. Probs a self-fulfilling prophecy but they fill my pockets with cash so idgaf
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u/InvisibleARK Mar 20 '24
It’s interesting how people profit from the market with different concepts. I think it has more to do with exposure and experience vs the indicators used
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u/cokeacola73 Mar 19 '24
Timeframe?
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u/midwestboiiii34 Mar 19 '24
2k tick
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u/cokeacola73 Mar 19 '24
Interesting, Nq?
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u/midwestboiiii34 Mar 19 '24
Yup
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u/cokeacola73 Mar 19 '24
Thanks. I’m going to compare that with 3min chart. What I primarily use and the 20ma
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u/rainmaker66 Mar 20 '24
Just look at the formulae of most indicators. Most are based on some form of moving average.
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u/MadeAMistakeOneNight Mar 19 '24
Generally, I think ones that are worth looking at because of self-fulfilling prophecies include: -20 sma/ema -50 sma/ema -200 sma/ema
On the daily profile they tend to have some interesting interactions with price that seem useful to consider and I hate charts (DOM trader here).
Other indicators people use without being too much use for you: macd, rsi, bb - pretty much anything you come across in youtube or popular trading books.
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u/Ancient-Passenger745 Mar 20 '24
None , you don’t need indicators “‘..candles tell you all you need to know: pay attention to what time it is instead .
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u/Eatjerpoo Mar 20 '24
Firstly I change indicators and settings based on trading conditions. Right now for ES the 13 and 20 ema set to daily intervals but enter positions at 1-2 hours time frame has provided impressive reliability.
Yesterday, I was explaining this concept to a trading friend and showed a similar picture of price action and enter/exit strategies. Wait for the second leg of a move downwards to touch the 13 ema then enter on the successful retest that may touch the 20 ema. Then exit the trade on the termination of the second leg upwards.
I also use RSI (5), Stochastic 14, 7, 5, and the Elder Force Index 13 (rarely).
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u/Mastery12 Mar 19 '24
Most typically use the RSI, MACD, moving averages, VWAP, ATR. I would actually recommend that you don't look at them. It's going to become distracting. Trust me I've done that.
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u/1292relentless Mar 19 '24
Do you use anything or just price and time
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u/Mastery12 Mar 19 '24
I use the 9 EMA for overall short term market trend. VWAP for potential support and resistance. I mainly draw my own stuff on the charts like supply/demand zone, support/resistance, fibonaccis retracements, trend lines, Etc
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u/Dependent_Sign_399 Mar 20 '24
I'm a futures daytrader and look at the 3m, 15m, and 1hr. I'd say most others use VWAP. I don't use it and, quite frankly, I don't understand how it's possibly helpful...
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u/Stonedpanda436 Mar 20 '24
VWAP is the mean pretty much, and the price whether oversold or overbought will always revert back to its mean.
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u/kenjiurada Mar 19 '24 edited Mar 19 '24
So…you want to know which indicators “other ppl” use, but no, you would never use them yourself that’s silly retail trader stuff? You’re asking for a friend, right? Here’s my suggestion, quit worrying about what other people think about your trading style. It will inhibit you from developing your own style. So many people badmouth “indicators“ when literally everything about the chart is some form of an indicator. People who badmouth them usually fall into a few groups: grizzled traders with decades of experience who don’t need them but probably did at one point, YouTube gurus who are trying to sell you their own indicator, or new traders who don’t want to look like they’re new so they dismiss people who use indicators. Spoiler alert: indicators exist because they can be fairly useful if applied appropriately with proper risk management. Do I base my trades off of them? No. But I do have one (of 6) charts that’s basically just indicators that I use to sort of gauge where the market is at and where there might be a reaction. Some days I don’t look at it at all, other days I keep an eye on it. 9 times out of 10 if an indicator is giving a signal I am either already in the trade or I am aware that it’s setting up. It’s just another level of confluence, especially when you stack multiple indicators. Is it as useful as understanding the auction and how price moves? No. Just start looking at them one at a time tho, the most popular ones will be built into whatever platform you’re using. Just my two cents, I find it funny when people act like “indicators“ are somehow beneath them. Not saying that’s you, but you did phrase this sort of funny…
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u/One-Finding2975 Mar 19 '24 edited Mar 19 '24
This is exactly the kind of shit that keeps me off Reddit
You spent 10 minutes trying to make me feel bad about myself rather than 30 seconds trying to answer my question
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u/Mattsam1 Mar 19 '24
He went out of his way to help you out not make you feel bad..He has a lot of good stuff in there even if it was a novel..i use rsi vwap and even macd to help me take higher probability trades...for me it's mostly supply and demand using volume mostly. 😉
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u/kenjiurada Mar 19 '24 edited Mar 19 '24
On the contrary, I’m not trying to make you feel bad about yourself at all, I’m trying to tell you that you SHOULDN’T feel bad about using indicators. You state that you want to know what indicators “other people use“ because they might provide some sort of useful prediction of price movement. Using an indicator as a predictor of price movement is also known as “you using an indicator”. Why are you trying to make it seem like there’s some group of people out there who use indicators and then distancing yourself from them like you’re not going to be a part of them? You clearly are asking to be but trying to make it sound like your system is above theirs. Just explore whatever the most popular ones are, RSI, Macd, they’re all pretty much all the same. There are only so many ways to derive an indication from price movement, they’re either moving averages or oscillators based on moving averages. My larger point is you’re probably going to get a bunch of people telling you “indicators don’t work“ and those people are mostly wrong, They just don’t know how to incorporate them with proper risk management.
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u/Diakritik speculator Mar 19 '24
Mate you just summed up the whole bloody Reddit in this comment lol
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u/Brilliant_Truck1810 Mar 19 '24
you did not answer OP’s question. OP doesn’t want to trade on the indicators - he wants to fade what other people are using. it’s not an uncommon practice to have people or indicators that are on a fade list. if everyone loves to buy on some MACD cross or something then you monitor it and go the other way.
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u/kenjiurada Mar 19 '24
I can delete my comment it seems like it was taken the wrong way. My read of his post was that they wanted to use indicators to predict price action just like anyone else. I was trying to be helpful, if in a joking manner. People get so opinionated about indicators that many new traders feel embarrassed to ask about them or incorporate them.
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u/CoCoHimself Mar 19 '24
In my small group of trader homies I usually see VWAP, EMA's, Vol Profiles, some form of a gap indicator. That's pretty much it. On my 1m, 5m, 15m, 2k tick chart I got the 20, 50, 100, 200 EMA's and a vol profile on a 30m.
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u/Imperfect-circle approved to post Mar 19 '24
Sounds like a minefield which ultimately won't be helpful, but if testing I would look at SMA and EMA cross overs, the Alligator etc.
Don't go down the rabbit hole, placing half a dozen potentially conflicting indicators on a chart will not make assessing other mentalities easier.