How to identify a trend or counter-trend using RSI, Stochastic, and Bollinger Bands?

[shanmugapradeep]

Hello,


How can I identify a trend or trend reversal (counter-trend) using RSI, Stochastic, and Bollinger Bands?


What are the recommended settings for RSI, Stochastic, and Bollinger Bands?

 

[hayseed]

How can I identify a trend or trend reversal (counter-trend) using RSI, Stochastic, and Bollinger Bands?

What are the recommended settings for RSI, Stochastic, and Bollinger Bands?

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rsi and stochastic are momentum indicators...... they can be misleading as a true trend indication..... they often are best used as a strength of trend indication.....

bollinger bands is more for volatility...... it uses a ma, often 20 periods, so can be used as a trend indicator.....

the default settings would very likely be the recommended setting of a general nature ...... hard to see any indicator creator having the default settings at an unrecommended value..... of course, personal preference will play a role in your choice of settings.....

by limiting your choices to only those 3, you might be missing some of the better trend type indicators.....

trends and trend reversals seem better suited to moving averages and psar style indicators......

or at least to me.....h
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