To make good use of indicators, we must be familiar with the advantages and disadvantages of indicators, so as to foster strengths and avoid weaknesses and get twice the result with half the effort:
1, the advantage of golden section is that the analysis point is accurate, but the disadvantage is that it is difficult to draw lines and apply;
2. The advantage of the Bollinger Band is that it can not only judge the pressure and support, but also judge the trend direction. The disadvantage is that when judging the resistance, the price often runs continuously with the upper and lower rails of the Bollinger Band, which is not conducive to finding the effective resistance level;
3.MACD indicator belongs to trend indicator, which can judge trend and deviation, but MACD is more accurate in judging resistance when applying deviation, and can be used in combination with golden section;
4.RSI is a short-term swing indicator, and there is no clear trading point in the indicator itself, but the success rate of judging overbought and oversold to find short-term resistance is high, which is a short-term indicator to supplement the golden section;
Recommend golden section +BOLL, poke this to see how it works.