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Its Algorithmic indicator as supporting tool to confirm the trend . its a ready made analysis to read unlike other.
Technical indicator are indicators which allow us to read the market flow. In analysis we have to do our own analysis using different tools.
Technical indicator confirm the trend easily by using the tool. It is an ready made analysis.
a technical indicator is a mathematical calculation based on historic price, volume, Technical indicators are fundamental part of technical analysis and are typically plotted as a chart pattern to try to predict the market trend.[2] Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an “overbought” condition or an “oversold” condition
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