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Pullbacks, Corrections and so on...

H

hermes

Guys what do you think would be the best indicator for pullbacks from your experience?
I have some ideas with Williams or MACD and what are yours? One even better idea would be with EMAs 10 & 20. When the price is between them that's a pullback.
Are there special indicators for pullbacks?
Thanks for teamwork.
Hermes
 

grood

Member
Hello Hermes,

I like both MACD and RSX (smoothed RSI) to help identifying reversals/trend exhaustion.
 

grood

Member
In addition, you might try bollinger bands to identify a possible pullback. They are more or less an indicator for volatility, so after big volatility you get into consolidation phase, which can lead to a pullback/trend exhaustion... i.e. trade short after price touches top band, long after touch of lower band.
 
H

hermes

Lately I use only "Turbo BB". Plot BB with deviation 2 and than again with deviation 1. Trade only between the outer lines as inside lines are trading range.
Hermes
 
H

hermes

zigani what is the other exotic indicator below. MTF RSX ?
Hermes
 

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