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PORUR KARTHICK-Technical Indicator

Technical indicator is one tool based on mathematical calculation and algorithm. Most of time, it is said to be lagging indicators. It can be used as additional to existing technical analysis.The moving average (MA) is a simple technical analysis tool that calculated basis close price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 days, 20 weeks or any time period.RSI is a momentum indicator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.Fibonacci series is the sequence of numbers in which each number is the sum of the previous two numbers in the sequence. The sequence is as follows, 1,2,3,5,8,13,21,34,55,89,144,…The golden mean is the ratio of two consecutive numbers(ex: 144/89) i.e, 1.618 which same for all the ratios in the sequence.

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