Which indicators would be best for bigger timescale?

<p id="isPasted">When it comes to intraday trading, combining multiple technical indicators can help improve decision-making. Here are some commonly used indicators, along with suggested parameters and time frames:</p><p><br></p><p>1. Moving Averages (MA)</p><p>Indicator: Exponential Moving Average (EMA)</p><p>Parameters:</p><p>Short-term: 9-period EMA</p><p>Long-term: 21-period EMA</p><p>Time Frame: 5-minute or 15-minute charts</p><p>Usage: Use crossovers (e.g., when the 9 EMA crosses above the 21 EMA) to identify buy/sell signals.</p><p><br></p><p>2. Relative Strength Index (RSI)</p><p>Parameters: 14-period RSI</p><p>Time Frame: 5-minute or 15-minute charts</p><p>Usage: Look for overbought (above 70) and oversold (below 30) conditions to identify potential reversals.</p><p><br></p><p>3. Bollinger Bands</p><p>Parameters: 20-period SMA with 2 standard deviations</p><p>Time Frame: 5-minute or 15-minute charts</p><p>Usage: Use the bands for volatility and potential reversal signals; price touching the lower band may indicate a buy opportunity, while touching the upper band may indicate a sell opportunity.</p><p><br></p><p>4. Volume</p><p>Parameters: Standard volume indicator (no specific parameters)</p><p>Time Frame: 5-minute or 15-minute charts</p><p>Usage: Look for volume spikes to confirm breakouts or reversals.</p><p><br></p><p>5. MACD (Moving Average Convergence Divergence)</p><p>Parameters: 12, 26, 9 (standard settings)</p><p>Time Frame: 5-minute or 15-minute charts</p><p>Usage: Use MACD crossovers and divergence with price to identify potential entry and exit points.</p><p>Example Strategy</p><p><br></p><p>Entry Signal: When the 9 EMA crosses above the 21 EMA, confirm with RSI showing oversold conditions (below 30) and volume increasing.</p><p>Exit Signal: When the 9 EMA crosses below the 21 EMA or when RSI approaches overbought conditions (above 70).</p><p><br></p><p>Tips</p><p>Backtesting: Always backtest your strategy on historical data to validate its effectiveness.</p><p>Risk Management: Implement stop-loss orders to manage risk effectively.</p><p>Adaptability: Market conditions can change; be prepared to adjust your parameters and indicators as needed.</p><p>Combining these indicators can help provide a clearer picture of market conditions and improve your intraday trading strategy.</p>