If you could choose only 2 Technical indicators

Trading Discussion
1

If you were able to use only 2 Technical Indicators to trade with… what would they be, what settings (if not default) and why?

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2

Why anybody needs more than a 15 period SMA is beyond me. For a second indicator, my choice would be the Fractals one, but it isn’t important. Anything more just clutters the chart and makes it difficult to see whats happening.

3

Something to measure the trend. I use RSI(14).

I also use ATR(14) to measure volatility. Low volatility will tend to be followed by high volatility.

4

Bollinger bands coupled with RSI, both to measure violatlity but mostly to catch breakouts and reversals

5

I would say chose the two that you are comfortable with and allow you to execute your strategy. Forget what others are using as they have a different strategy than you so their responses are not beneficial to you (unless you intend to copy their strategy).

6

Thank you all for your inputs.

The question is honestly purely one of curiosity and for discussion rather than intended to be used as a strategy…and you are very right in that one should use indicators that are beneficial to you.

I have personally been trading for 2 years now so here are my 2 indicators I would choose:

[B]Bollinger Bands[/B] - default settings (Range and identifying new trend direction)

[B]CCI[/B] - 20 - Overbought/sold levels at 90/90 (Slightly tighter overbought/sold levels tend to give me a slightly better results on my shorter time frames. )

Keep your answers coming :slight_smile: