Indicators represent a statistical approach to technical analysis as opposed to a subjective approach. By looking at money flow, trends, volatility, and momentum, they provide a secondary measure to actual price movements and help traders confirm the quality of chart patterns or form their own buy or sell signals
Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction with a lag.
RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings, and centerline crossovers. RSI can also be used to identify the general trend.
FIBONACCI SERIES 0 1 1 2 3 5 8 13 21 34 55 89 144 233 ….up to infinity
The mathematical miracle of the series is we get 1.618 called GOLDEN MEAN when one number in the series is divided by the previous number in the series EX 89/55 or 144/89 etc
Fibonacci retracements uses horizontal lines to identify support or resistance. these levels are created by drawing two trend line to two extreme and dividing the vertical distance by the key Fibonacci retracement