Tips on indcators - Deepstash
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Tips on indcators

Tips on indcators

  • You don't need to use indicators to trade successfully but they are helpful and supplement your analysis.
  • Less is more. The more successful traders have mastered only a couple of indicators and use them fully.
  • Indicators should not be used a crutch.

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Ichimoku Cloud

Ichimoku Cloud

Ichimoku Cloud is a complete indicator. It uses moving average data to show 

  • the trend of an instrument, 
  • the strength of that trend,
  • dynamic areas of present and future support, 
  • etc.

Ichimoku Cloud is a more complete...

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Relative Strength Index (RSI)

RSI is a momentum oscillator mainly used by traders to figure out if an instrument is overbought or oversold. It is very straightforward but can pass on a lot of information when used to its full potential.

RSI can be used in two ways:

  • To identify market top/bottoms ...

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Volume

Volume

Volume is an indicator that shows the amount that an instrument was traded over a period. Volume is a strong tool to confirm traders' interpretation of price action.

Volume can be used in two ways:

  • To confirm the validity of a chart pattern.
  • To asce...

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