There are so many indicators out there, and honestly a lot of them I'm not quite sure how to use properly. I am a big fan of trend indicators, and I am wanting to get better at jumping on the trends BEFORE they're half over and strongly confirmed.

So I'm looking for suggestions on what indicator(s) are best for showing the strength/validity of a breakout. I tend to hesitate to the point where I don't place enough trades because while my understanding of price action along with a couple of great trend indicators are saying "new trend!" I am still not sure if it's just a false breakout or a true start to a new trend.

There's all the theories about double or triple tops/bottoms, but I often find myself getting stopped out on a 4th, 5th, or even 6th top/bottom. So what do you guys use as evidence of an actual strong push in the new trend?

Am I best off waiting for a strong trend to start and use Moving Average crossovers to place trades? That looks doable, but you also miss out on a lot of potential pips.

Any advice, indicator suggestions, or helpful readings on this topic would be greatly appreciated so I can quit second guessing myself out of placing a trade!

Thanks!

many oscillators will show same thing, OB and OS at the same level, when new trend starts, Holy Grail

It is clear, if you do some thinking.

FBI wrote: Thu May 02, 2019 8:14 am Screenshot_4.png

So I can't seem to find the RVI indicator that you've got there, but is this basically showing the same thing? Or is it not valid because the overbought is not high enough?

Yes, I agree, it's clear if you do some thinking and have the right indicators that are telling you the most useful information. The key is knowing what information is truly important!!

trendline with price action

maybe it would be easier to see trend change, when put some marks on chart where OB/OS areas are

I am mostly into scalping, as of now i don't have any proper strategy, I trade place just like that (i know it could lead me to enormous losses), what could be a good indicator for me?

todor wrote: Wed Sep 25, 2019 7:39 pm I am mostly into scalping, as of now i don't have any proper strategy, I trade place just like that (i know it could lead me to enormous losses), what could be a good indicator for me?

RSI is what I would suggest. But yes, you can start with learning first, see what all is there for you to use as a scalper, exploring is must.

RSI is good. I use Moving Averages and Bollinger bands a lot. Rest nothing is fixed, it depends on my analysis, which indicators fits the situation.