- This topic has 224 replies, 222 voices, and was last updated 2 years, 6 months ago by
.
-
Posts
-
Technical Indicator is a result of mathematical calculations based on indications of price and/or volume. The values obtained are used to forecast probable price changes.
Indicators filter price action with formulas and not direct reflections of the price action as compared to technical analysis.
Therefor we can use the technical indicator as an additional tool along with other technical analysis to confirm the price movement.
Technical indicators are techniques or algorithms developed by successful traders by studying the price and their volumes in order to predict the trend .We do not need to do analysis , as the indicators themselves do the analysis of the market and gives us a probable direction of the market but they should not be used as a decision maker tool as some indicators works well in trending market while some works well in sideways market.So, the indicators should be used to support your decision along with other analysis.
Technical indicators are supportive tool for the technical analysis and not decision makers.
It is a ready made analysis. They are mathematical calculations based on the price and volume.
It is an additional tool for predicting the price movement.
Technical indicators look to predict the future price levels,or simply the general price direction, of a security by looking at past patterns.
It is arrived by using a formula .Other indicators are based on the trend / price and volume of stocks.
- You must be logged in to reply to this topic.
