Indicates are based on algorithms which indicate trend of the market. They are supporting data for decision making on a trade. the moving average and rsi are important indicators. The MA gives the average of daily price fluctuations. Anything above ma is bullish and below ma is bearish.
The rsi gives an indication of an overbought and oversold condition and is plotted between a range of 0 and 100. A value above 70 is overbought and a value of below 30 is oversold. A sell or buy decision can be taken after a reversal in an overbought or oversold condition respectively
, , Technical Indicators, golden mean, ibonacci series, indicator, moving averages, retracement, RSI
