Technical Indicator is a result of mathematical calculations based on indications of price and/or volume. The values obtained are used to forecast probable price changes.
MOVING AVERAGE _ MA is a trend following/lagging indicator based on the average closing prices of the stock This is called simple moving average
Relative Strength Index or RSI is a momentum indicator that compares the average price change of the advancing periods with the average change of the declining periods.
The RSI can also be used to identify the overbought/oversold levels in a counter, the RSI value above 70 as ‘overbought zone’ and below 30 as ‘oversold zone’.
Fibonacci series is the sequence of numbers in which each number is the sum of the previous two numbers in the sequence. The sequence is as follows, 1,1,2,3,5,8,13,21,34,55,89,144,233,…The golden mean is the ratio of two consecutive numbers(ex: 233/144) i.e, 1.618 which same for all the ratios in the sequence.
Fibonacci retracement uses horizontal lines to indicate support and resistance. These are created by drawing the trend line and dividing them by fibonacci ratios.
, , Technical Indicators, Fibonacci Series, filter price action, Moving average, Relative Strength Index
