Technical Indicators

Indicators are tools with the predefined analysis and set of algorithms, this can be applied on the trend to get the indication of price movement. It can be used as supporting tool to confirm the analysis derived from the technical analysis. But the indicators does not work in all scenarios, some of them work for trending and some of them indicate well in non trending zone.
The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses
RSI
• The RSI is a popular momentum oscillator developed in 1978.
• The RSI compares bullish and bearish price momentum plotted against the graph of an asset’s price.
• Signals are considered overbought when the indicator is above 70% and oversold when the indicator is below 30%.