I received the following question today. Below is my answer:

Hi,

Thank you for the question its a good one and I have not done a video on this but it would be a good one to do so I will add it to the list.

Indicators like the ones I cover starting here generally fall into 4 categories which are trend, momentum, volume and volatility. Which indicators compliment each other is going to depend largely on your trading strategy however one thing I think most traders would agree on is that you should use indicators which tell you different things about the market to confirm each other which will give you a higher chance of success. So for instance if you are trading breakouts you may want to use a moving average on a longer term time frame to get a feel for the overall trend in the market and then confirm your trading signals with a stochastic to get a feel for the momentum behind breakout and then by looking at volume to get an idea of the participation in the move.

As far as the style of trading goes my opinion is that most indicators can be used in any style of trading and its really more up to the what the trader likes and feels works the best. As even indicators which fall into the same category can tell you different things about the market I am a fan of going through them all and then picking out the few that make the most sense to you from each category, trying them out and then seeing which works the best. In general I don't think that specific indicators should not be used in different time frames of trading, although like I mention above you may find that you get a better picture of the market with your strategy by looking at different indicators on different time frames.

In addition to the lessons that I have put out on indicators I am also in the process of building links to other good free information on the subject so be sure to check out the links below the video where those pages are listed and if you come across any additional pages I would appreciate it if you would post them in the add a resource section of the site which is right below the ask a question section on the homepage.

I would also recommend the following books for lots of good information on the different indicators and using them in your trading.



Hope that helps.

Best Regards,
Dave