Technical indicator time periods for intraday chart

[bathuu]

Hi Guys,

First of all, I am relatively new to trading, still learning. Can you guys tell me how technical indicators should be set for intraday trade, rather than its default period.
For example, I assume that it would not make sense if I am looking at 1,3 or 5 min daily chart on MACD 12,26,9 settings or Momentum 20 et cetera. Can you guys tell me what time period for indicators is more relevant to intraday chart to give an idea of trend reversal?

Thank you

 

[Market Depth]

What are you trading?

 

[motorway]

Hi Guys,

First of all, I am relatively new to trading, still learning. Can you guys tell me how technical indicators should be set for intraday trade, rather than its default period.
For example, I assume that it would not make sense if I am looking at 1,3 or 5 min daily chart on MACD 12,26,9 settings or Momentum 20 et cetera. Can you guys tell me what time period for indicators is more relevant to intraday chart to give an idea of trend reversal?

Thank you

I would use none

Why ?

Here are some sections of the course of sales for one of the most liquid stocks on the ASX
for today.

You can define what matters in terms of volume
or in terms of price movement ( optimally imo BOTH )

you can not define anything important in terms of time frame

Time as duration YES is important

WHAT do you see here ?
WHAT IS THE REALITY ?

Do you see anything unfolding in terms of any time frames ?



The Third is a less liquid Stock
But one in the spotlight at the moment
The meaningless of time frame should be stark.

consider building indicators if you want to use them
Based on volume or price not time frames

eg ( only examples ) Volume Bars or Range Bars.

Analyze and look at what market reality is.
Then go from there...

On the Less Liquid but hot stock what time frame are the transactions unfolding on ?

At the very least something to think about


Motorway

 

[Market Depth]

First 2 are BHP, Do I win a prize

 

[Market Depth]

Third on looks like PEN, the half cent ticks gives it away

 

[motorway]

Third on looks like PEN, the half cent ticks gives it away

You get a gold star

Motorway

 

[Market Depth]

You get a gold star

Motorway

Cool! there's life in this 'old boy' still