5 indicators that you should know about: 🔸 RSI 🔸 Moving average 🔸 MACD 🔸 StochRSI 🔸 Bollinger Bands Learn all about them here ⤵️
Indicators are the weapons of choice for battle-tested technical analysts. Each player will choose tools that best fit their unique playstyle to then learn how to master their craft. Some like to look at market momentum, while others want to filter out market noise or measure volatility.
Since the RSI is a momentum indicator, it shows the rate at which the price is changing. This means that if momentum is increasing while the price is rising, the uptrend is strong, and more and more buyers are stepping in. In contrast, if momentum is decreasing while the price is rising, it may show that sellers soon might take control over the market.
techniques, the RSI may provide false or misleading signals, so it’s always useful to consider other factors before entering a trade.A moving average smooths out price action by filtering out market noise and highlighting the direction of the trend. As it’s based on past price data, it’s aThe two most commonly used moving averages are the simple moving average , and the exponential moving average . The SMA is plotted by taking price data from the defined period and producing an average.
Traders often use the relationship of the price to specific moving averages to gauge the current market trend. For example, if the price stays above the 200-day SMA for a prolonged period, the asset may be considered to be in aTraders may also use moving average crossovers as buy or sell signals. For example, if the 100-day SMA crosses below the 200-day SMA, it may be considered a sell signal.
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