These indicators are also excellent for scalping on low time-frames (like 1min chart); I tested them & they proved to be reliable (in getting some pips here & there in volatile/ranging/sideways market movements)... But I'll also be using them to analyse longer term time-frame charts (e.g. 1hr & above)...
The basic concept is to identify overbought & oversold conditions to take the trade-position, & catch the price movement (when it's time for the price to reverse/rebound/pullback again shortly)...: Trades may last a short time, executed & closed rapidly; ranging from few seconds to couple of minutes (scalping on 1min chart)... But the principles of the indicators should also work/function accordingly in the longer time-frame charts (e.g. like the 4hr & 1d)...
I also have everything loaded in my live trading platform as well (but I have a slightly more advance MACD indicator in there just no Stoch RSI unfortunately, which is a terrific indicator for saving me from potential bull/bear traps; so I have to use the Stoch Oscillator & customize that instead, but it is still no where near)...
They can bring me the dough, so why not...
Happy pipping...
All the best.
The basic concept is to identify overbought & oversold conditions to take the trade-position, & catch the price movement (when it's time for the price to reverse/rebound/pullback again shortly)...: Trades may last a short time, executed & closed rapidly; ranging from few seconds to couple of minutes (scalping on 1min chart)... But the principles of the indicators should also work/function accordingly in the longer time-frame charts (e.g. like the 4hr & 1d)...
I also have everything loaded in my live trading platform as well (but I have a slightly more advance MACD indicator in there just no Stoch RSI unfortunately, which is a terrific indicator for saving me from potential bull/bear traps; so I have to use the Stoch Oscillator & customize that instead, but it is still no where near)...
They can bring me the dough, so why not...
Happy pipping...
All the best.