Indicators are tools with the predefined analysis and set of algorithms, this can be applied on the trend to get the indication of price movement. It can be used as supporting tool to confirm the analysis derived from the technical analysis. But the indicators does not work in all scenarios, some of them work for trending and some of them indicate well in non trending zone.

  • : Indicators are tools with the predefined analysis and set of algorithms, this can be applied on the trend to get the indication of price movement. It can be used as supporting tool to confirm the analysis derived from the technical analysis. But the indicators does not work in all scenarios, some of them work for trending and some of them indicate well in non trending zone.
  • : A moving average (MA) is a stock indicator that is commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data over a specified period of time by creating a constantly updated average price. A simple moving average (SMA) is a calculation that takes the arithmetic mean of a given set of prices over the specific number of days in the past
  • : Relative strength index indicator is based on the number of positive and negative candlestick bars and this works well with non trending zone. When the RSI is applied on the non trending zone, it provides the index with the mark of 70 and 30 scale. When the index moves below 30, it indicates the aggressive selling pressure and when it crosses 30 again and moves above, it indicates the bullish trend and the long position can be created to buy.
  • : Fibonacci analysis is based on the Fibanacci series ( 0 1 1 2 3 5 8 13 21 34 55 89 144 233 377 610 987 1597…..) which is obtained by adding the two preceding numbers was developed by an Italian Mathematician Leonardo Fibanacci. Fibanacci numbers when divided by its predecessor gives a “Golden Ratio ” of 1.618 which is found in various elements in nature. A golden mean also known as divine ratio is the ratio between two consecutive numbers from Fibonacci series. The the mean value is approximately 1.618. This mean value can used to estimate the support and resistance areas
  • : Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
1 Comment
  1. Naresh 1 year ago

    Nice work!

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