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Tagged: Technical indicators
Technical indicators are just supporting factors to our technical analysis , the are not decision taking analysis.
Indicators can help in identifying Trends and their turning points.They can provide a deeper insight into the balance pf power between Bulls and Bears.
Indicators are more objective than chart patterns.
Indicators can be further divided into Two Groups
Trend -following indicators– Moving averages,MACD, OBV,etc
Oscillators-Stochastics, ROC, RSI,Strength index,etc
technical indicators shows the price movement of the stocks for the past periods and to predict the current trend.
Technical indicator is readymade technical analysis .It is a supporting tool to take decision on trend
Technical indicators are moving average and relative strength index
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