Stock Trading and Other Things

Technical indicator period setting for derivatvatives day trading ?

Hello Everybody,

I have a question Regarding the Period settinf for some technical Indicators.I want to use these following indicators :
1.Relative Strength Index
2.Bollinger Band.

I am going to use in the 15 min chart.

What period settiing do you suggest is most people(like Real Brokers)use for day trading using Low time frame charts.

Please if you can help me out, Please answer the question.

Appreciate your Help.

Public Comments

1. 2nd is better dear...
Because standard deviation is a measure of volatility, Bollinger bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply.

2. If you are using Relative Strength Index use 14 periods setting and 5 Min charts.
If you are using Bollinger Band then have 20, 2 periods setting and 5 Min charts