Best Indicators For Day Trading, Best Technical Indicator for Day Trading? 👊 – What Is Intraday Trading.

What is the best indicator for day trading? PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Best indicator for intraday trading? Is it moving averages, stochastics, RSI…? This is my opinion of course and I will select just one indicator. For me it is the VWAP – volume weight average price. I think this is the best indicator for day trading. The VWAP is like a moving average but it is based on the volume traded. A regular moving average doesn’t take into account the volume. But if there is more volume done at a specific price level we need to give it more weighting…
Why is it the best indicator for day trading? On a trending day you are likely to get a trending VWAP… assuming a strong uptrend day as price starts to come down the very first touch (test) of the VWAP you will get a bounce. In other words it acts as support in an uptrend and the reason for this is that many algos are looking at this and this is considered a value area. I’ve made some good trades basing myself on this.
Another way to use VWAP – if a market is swing trading the VWAP will look a bit like a straight line. What you can do is to market the distance between the high and the VWAP – very often if we are in a rotation environment we can do 75 pips to the downside… I don’t know exactly why but I suspect its again these mean reversion algos.

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Day Trader Explanation

A day trader is a trader that performs a big volume of brief and lengthy trades to take advantage of intraday market value action. The price action is an outcome of momentary supply and need inadequacies caused as a result of purchases and sales of the property.

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