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Top 3 Technical Analysis Indicators (Ultimate Guide)

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http://optionalpha.com/signals - Even though we know we can never consistently pick the next direction of an underline stock's movement we can use some basic technical analysis to help figure out where the stock may NOT go in the future which is sometimes more important than figuring out where the stock MIGHT go. In today's video tutorial I’ll show you my 3 favorite technical analysis indicators; MACD, RSI Stochastics and CCI. Plus, how I have customized each to fit our personal trading philosophy. Beware though, technical analysis can lead you down the path of "analysis paralysis" if you use too many indicators. I always suggest that you focus on learning 2-4 indicators and sticking with those for the long-haul. ================== Listen to our #1 rated investing podcast on iTunes: http://optionalpha.com/podcast ================== Download a free copy of the "The Ultimate Options Strategy Guide": http://optionalpha.com/ebook ================== Still working a day job? Then our "Take 5" segment is for you. 5 mins videos each day on 1 thing you can apply trading options: http://www.youtube.com/playlist?list=... ================== Start our 4-part video course (HINT: these videos are NOT posted anywhere else online): http://optionalpha.com/free-options-t... ================== Just getting started or new to options trading? Here's a quick resource page we made that you'll love: http://optionalpha.com/start-here ================== Register for one of our 5-star reviewed webinars: http://optionalpha.com/webinars ================== - Kirk & The Option Alpha Team
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Text Comments (241)
My Bang Bang Story (1 year ago)
thank you. this is very helpful!
Dan Pat (1 year ago)
Thanks this is very helpful.
Ken Aidrian Axalan (1 year ago)
Thank you, Sir! Very helpful!
Bogdan Gheorghe (1 year ago)
Thank you for this great video!
Todd Murphy (1 year ago)
Thank you! Very good work and easy to understand. I use MACD and RSI. It is always good to review and you presented this well. Happy Trading to you!
rohan oza (1 year ago)
thanks for sharing such a good knowledge....
kindofhungry (1 year ago)
Very informative. Thank you very much.
Shrinivas Ingalahalli (1 year ago)
Very informative and straight to the point like it very much
Nicolas Retamal (1 year ago)
dude, this was simple the most useful thing I learn this year. Thank you :)
Taranpreet Singh (1 year ago)
Great Video. Immediately subscribed. Keen to learn more.
J Money (1 year ago)
Wow! Demystified many things in less time than a work break! Thank you, sir!
Which chart was used.weekly or daily.
Option Alpha (1 year ago)
Daily
Devon Rex (1 year ago)
Simple and educational. Can this indicators be use for day trading?
Option Alpha (1 year ago)
Yes but we didn't for this purpose - we used daily trading.
ewald brenda (1 year ago)
thanks
Manmeet Chhabra (1 year ago)
Amazing. Good teaching technique. Thanks a lot.
Frankey Hernandez (1 year ago)
Wonderful Tutorial, definitely learned a lot. You just earned yourself a subscriber. Thumps up!
Dominic P (1 year ago)
found this really useful thankyou!
Marlon Garcia (1 year ago)
Thank you Kirk! Explained it very well. More power to you! :)
Raver Magik (1 year ago)
Thanks.. You just gave me the crash course on the indicators I wanted to use but didnt know how to set them up or how to read them awesome job
Roy Guan (1 year ago)
Generaly speaking, you helped me to open my window on stock trading.
Ftank58 (1 year ago)
great video
Alain B (1 year ago)
makes lot of sense, thank you.
Stigma Breaker (1 year ago)
Great video, I have learned a lot from you.
tubewatcher38 (1 year ago)
Good video Kirk.  Do you still rely on these 3 since completing your tech analysis research project; or do you like others now?
Kris Arnold (1 year ago)
Hello, does these changes on the indicators work on all different time frames?
Option Alpha (1 year ago)
No - there are some indicators that work best on shorter/longer time frames. See here; https://optionalpha.com/signals
what's the name of the software?
Option Alpha (1 year ago)
thinkorswim: https://optionalpha.com/tos
Yen Liu (1 year ago)
VERY CLEAR AND EASY TO UNDERSTAND/
hish vasco (1 year ago)
none sense
Debraj Banerjee (1 year ago)
Brilliantly explained!
C F Karim (1 year ago)
You make it absolutely clear as water. tanks man. keep up the good work.
Terrence Mathews (1 year ago)
Thank you.
Rolando Barquero (1 year ago)
I added those studies. Great video!
Ikhmal Ariff (1 year ago)
Very informative, great video, god bless.
Michael Morris (1 year ago)
This helped so much! thanks buddy, appreciate the videos!
Paul Arcement (1 year ago)
Really helpful video. Love the value this channel brings to traders young and old
Bjbu Njk (1 year ago)
awesome video man!!!
jack azz (1 year ago)
Thank you the most concise video I've seen on indicators, really appreciated, do you use lower time frames when placing order?
umer zeeshan (1 year ago)
Thanks for the video, you explained very well and to the point, how has been your experience with using them all together when all give a buy signal or sell vice versa?
SurfnBird (1 year ago)
great video. very informative as someone just getting started and not even having one trade under my belt, definitely cleared some stuff up.
D M (1 year ago)
Thank you for all the information very useful, I am glad that I found this video that helps me and enhance my knowledge in trading. Especially when talking about indicators. Just want to ask what app you use to write on the screen the one that you show. Thanks a lot and Happy Trading. God bless..
Kushanth R (1 year ago)
Thanks for this useful video. Can you use this setup for intraday (futures and commodities) ?
Phil Greene (1 year ago)
This was awesome. Thank You!
Onur Can Gulenc (1 year ago)
Thanks for the very informative video! Are these indicators also useful and efficient for different time charts too? eg. 1H, 5M etc.
nosajwarrior05 (1 year ago)
thanks. now that was the best technical analysis tutorial ive seen. simple and clear.
Anwarul Huq (1 year ago)
Hey man what's the software name, and can I use it on any stock market
Really inspiring and informative stuff man! I hope I continue find such treasures from you folks, thank you!!!
The Mastermind (1 year ago)
Succint. Great.
Fernando Mata (1 year ago)
Thank you for the vid
Sandeep Shukla (1 year ago)
Thank you for such an informative video !
Arivarasu R (1 year ago)
Very Informative and useful...Thanks
Pandit Krishna (1 year ago)
awesome explanation.
Suhail Hammad (1 year ago)
great.. thank you for sharing this video... it is really helpful.
Sonic Broom (1 year ago)
You're the best trading teacher on Youtube. keep it up!
Option Alpha (1 year ago)
Thanks Sonic - much appreciated!
Park Cloud (1 year ago)
I'm really stunts u amazing lool keep doing and thannkkkk aaaa lot lot lot lot.................u did great work sir!!!
Triple BBB (1 year ago)
This is officially the best guide i've watched !
Option Alpha (1 year ago)
Awesome thanks!
Jewan Alemao (1 year ago)
What is the best technical analysis software that can be used on a mac (apple) ?
Option Alpha (1 year ago)
Your brokerage usually has the best - we use thinkorswim.
Anvesh G (1 year ago)
Thanks for the amazing tutorial.
endicotto (1 year ago)
Too many indicators. Confusion. Keep it simple. Trio moving averages are the way to go.
Option Alpha (1 year ago)
Moving averages are horrible - here are the backtested results: https://optionalpha.com/financial-medias-1-recommend-technical-analysis-indicator-fails-miserably-18596.html
Felix Gates (1 year ago)
Thank You. Very helpful video. very grateful sir.
sunday adesina (1 year ago)
what platform are you using
Option Alpha (1 year ago)
Thinkorswim - it's the best. http://optionalpha.com/tos
Arvind Kumar (1 year ago)
very informative video. learned a lot.
Krushna Shinde (1 year ago)
very helpfull
Dallas Van Winkle (1 year ago)
Direct, thorough, and to the point. Very useful video, thank you very much.
Option Alpha (1 year ago)
Glad it helped Dallas
Eduardo Ordóñez (1 year ago)
great tips! im just starting..
Cameron Luke Wilson (1 year ago)
awesome
Ryan O'Kane (1 year ago)
Can this be used for current trading also or does this method just work with stocks?
Option Alpha (1 year ago)
We also use it for options trading - see here: https://optionalpha.com/signals
Iggy Farai (1 year ago)
Amazing tutorial....very useful information! Many thanks 👍🏿👍🏿
niceuser1234 (1 year ago)
At the end of day all indicators reflect candlesticks. Only trend indicator that works is Fibonacci lines.
I highly appreciate this video guy. It's very useful.
Angel Osorio (1 year ago)
Do these indicators work well for day trading?
Option Alpha (1 year ago)
Didn't test them for day trading
MikeTheRomanSoldier (1 year ago)
Are these also useful in day trading?
Option Alpha (1 year ago)
We tested them on day trading timelines and the results were not promising: https://optionalpha.com/signals
MoviesOnDrugs (1 year ago)
Great video
Joel Figueroa (1 year ago)
Thanks for the video! Amazing job. Quick question, what is the time frame? Weekly or daily? And which do you prefer?
Option Alpha (1 year ago)
I prefer daily.
Paul Miltiades (1 year ago)
RSI has a caveat you should add. RSI can maintain an overbought or oversold position for long periods of time in which the price can continue to rise or fall. It doesn't allways indicate how soon a reversal will happen.
Option Alpha (1 year ago)
Yep and we backtested the daylights out of RSI here: https://optionalpha.com/signals
Ivan Ivanov (1 year ago)
great video.
Option Alpha (1 year ago)
Thanks Ivan!
ibrahim Alshweair (1 year ago)
God bless you. Great content. Great illustration
Option Alpha (1 year ago)
Glad it helped thanks for letting me know!
Roy T (1 year ago)
This is a well explained and illustrated technical analysis video which even beginners could understand. Well worth a look.
Option Alpha (1 year ago)
Thanks for the kind words Roy
Michael (1 year ago)
Excellent Video. However on my CFD Platform when using the CCI Ihave the length at 31 and then the next parameter is Average Length which is defaulted to 2. What does this indicate? The remaining overbought and oversold parameters are set at 100 and -100 respectively
Option Alpha (1 year ago)
Maybe they use a smoothing average on top of the regular one? That's the only thing I could link of.
arebal1 (1 year ago)
Brilliantly explained. So easy to understand. I was digging for some easier way to understand these things and you did it. Thanks a bunch man. Keep up the good work!
Option Alpha (1 year ago)
Glad it helped!
atharva apte (1 year ago)
A big thumbs up to the way you have explained. I have a small doubt. Can I use the same indicators for intraday trading substituting minutes for days. My broker does provide the indicators for intraday charts. I am just unsure of ideal parameters I can use for each indicator in intraday trading
Daniel Yellin (1 year ago)
What website are you using that allows you to show all these different study charts?
Option Alpha (1 year ago)
Just our broker platform at www.thinkorsiwm.com
Christian Rey Flores (1 year ago)
Best Indicator explanation I've watched. Thanks a lot!
Option Alpha (1 year ago)
Awesome thanks Christian!
ben beau (1 year ago)
which online broker do you use ?
Option Alpha (1 year ago)
Thinkorswim - it's the best. http://optionalpha.com/tos
John Bergeron (1 year ago)
Excellent.
Tee JaY (1 year ago)
How do we know when to apply CCI to the stock chart, or MACD or RSI?
Option Alpha (1 year ago)
We cover that in our course on technicals: https://optionalpha.com/signals
Connor Sir (1 year ago)
Very nice video. Clear and to the point. The best of this sort that I have seen.
Option Alpha (1 year ago)
Wonderful thanks Connor!
MUNIPRASAD GUTHA (1 year ago)
Awesome and you you kept it as simple as possible rather than complicating. Thank you 👍
Tianyun Zhang (1 year ago)
good video. however all indicators are lagging
Rupin Thomas (1 year ago)
well explained... although I feel slow and fast stochastic is superior to RSI
Option Alpha (1 year ago)
I can tell you that stochastics was one of the worst performance technical indicators in our research here: https://optionalpha.com/signals
Tom Nguyen (1 year ago)
I think when we wait for the CCI line crossed the 0 line it might too late to enter the position.
Option Alpha (1 year ago)
We tested the CCI zero line extensively here: https://optionalpha.com/signals
Kahlil Verzosa (1 year ago)
This was a very informative video, full thumbs up! thank you! :D
Option Alpha (1 year ago)
Sweeeet Thanks Kahil!
Abhijeet Doiphode (1 year ago)
Hey Kirk, thanks for this video. Well can we use these 3 indicators for intraday trade? If not, what other combination of indicators can be used for intraday for maximum accuracy?
Option Alpha (1 year ago)
We backtested thousands of indicator variations to see which ones work (and which ones don't). See here: https://optionalpha.com/signals
rohitambekar1609 (1 year ago)
how we are going to decide most accurate settings for technical charts to for intermediate n mid -term target?
Option Alpha (1 year ago)
See here: https://optionalpha.com/signals
Vishant Vatsal (1 year ago)
Fantastically explained and this helped me for intraday trades.Thank you very much thank you so much!
Victor Chen (1 year ago)
Thank you for this video. Really helpful and the best one I have seen explained these indicators. Where can I learn more about finding trade ideas and more videos?
Option Alpha (1 year ago)
Just head over to our website at: htts://optionalpha.com
Pat F (1 year ago)
very educational! thank you for this!
Jung Kim (1 year ago)
hey what software are you using?
Option Alpha (1 year ago)
The thinkorswim trading platform
jeepnypitpits (1 year ago)
Thank you for sharing
Alok Ghosh (1 year ago)
Really very educative
Casem Aj (1 year ago)
This may sound like a dumb questions but I just started and i'm paper trading right now. When i look at the 180 day 4 hour chart, CCI for a stock is showing that it is at -205 but moving up to the "buy signal" (0). When i look at the same stock on the 5 day 15 minute chart, its already crossed that 0 threshold an is at +13. I want to swing trade but i'm not sure which chart timeframe i should do analysis on since they all change drastically. Is there a common one used by most swing traders? Im on TD Ameritrade thinkorswim by the way. The stock i was looking at was $RXII. Thanks for the help, your video was great for new traders. I was just throwing darts blindfolded until i saw this video.
Option Alpha (1 year ago)
No dumb questions ever - We only backtested daily charts so that's what we'd use personally.

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