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Tagged: Technical indicators
Algorithms pre determine and indicate the trend , such algorithms are called technical indicators.
they are ready made analysis , they indicate not decide
they are algorithms that are supporting the analysis. they are just indicators and not the base on which you can decide. they support Dow theory and other latest theories.
Simple and easy way of understanding of price movement,used as supporting tool to confirm the trend direction identified by us using other analysis
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>they are algorithms that are supporting the analysis. they are just indicators and not the base on which you can decide. </span>
It just eases the work of the analyser however one should understand the market before following the technical indicators.
it is an indication not an decision making tool.
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