If these indicators generate signals that do not translate to a profitable bottom line over time, then they are simply not the way to go for your needs!
In order to give comparison of the effectiveness of each indicator, below is the chart for the Indicator and rules.
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Indicator
|
Rules
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Bollinger Bands
|
Cover and
go long when daily closing price crosses below lower band
Cover and
go short when daily closing price crosses above upper band
|
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MACD
|
Cover and
go long when MACD1 (fast) crosses above MACD2 (slow)
Cover and
go short when MACD1 crosses below MACD2
|
|
Parabolic SAR
|
Cover and
go long when daily closing price crosses above ParSAR
Cover and
go short when daily closing price crosses below ParSAR
|
|
Stochastic
|
Cover and
go long when Stoch %K crosses above 20
Cover and
go short when Stoch %K crosses below 80
|
|
RSI
|
Cover and
go long when RSI crosses above 30
Cover and
go short when RSI crosses below 70
|
|
Ichimoku Kinko Hyo
|
Cover and
go long when conversion line crosses above base line
Cover and
go short when conversion line crosses below base line
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