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May i know the opinions and suggestions with regards to the choice of technical indicators based on their correlation to the price of the asset in question.
For example RSI, MACD, CCI, MA21, TR etc, should their correlation to the closing price of the asset like stocks be the main criteria for choosing them?
I will be glad for recommendations of other criterias for the choice of a particular technical indicator(s).
Regards
John
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Shile Wen
Hi John,
I suggest reading up on the indicator descriptions on a site like Investopedia to get a gauge of what market conditions they are best for. With this in mind, we can try out a combination of different indicators to test how it does throughout different market conditions, and analyze the consistency and reliability of the indicators for generating signals.
Best,
Shile Wen
John Addae
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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