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BEST INDICATORS FOR BEGINNER TRADERSšŸ“Š ā–ŖļøMOVING AVERAGES: ā€¢ Identifies trend direction. ā€¢ Determines support and resistance levels. ā€¢ Based on past prices. šŸ–‡ļø - Signals bullish or bearish price trend. ā–ŖļøBOLLINGER BANDS: ā€¢ Generates oversold or overbought signals. ā€¢ Composed of SMA + upper and lower band. šŸ–‡ļø - Squeeze or Breakouts. ā–ŖļøRELATIVE STRENGTH INDEX: ā€¢ Signals bullish/ bearish price momentum. ā€¢ Calculated using average price gains and losses over time. šŸ–‡ļø - > 70% = Overbought. < 30% = Oversold. ā–ŖļøMACD: ā€¢ Indicates if bullish or bearish price movement is getting stronger or weaker. šŸ–‡ļø Over signal line = buy Under signal line = sell. ā–ŖļøON- BALANCE VOLUME: ā€¢ Uses volume changes to predict price ā€¢ Shows crowd sentiment šŸ–‡ļø Can predict bullish or bearish outcome.
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Thanks for sharing useful info dear šŸ«¶šŸŒ¹
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