Got 7 Minutes? Learn to Graph Trade Indicators Here: Part 1
Trade indicators are used to predict where a market is going. I'm summarizing what I learn along the way here in an easily digestible format.
Ranging Indicators: Useful when the market is moving sideways. Once prices break out of support or resistance, move to trending indicators.
Example: Stochastic range indicator.
Trending Indicators: When the market is moving up or down significantly, look to these for useful information about the future.
Example: Moving average
Key Concept: Use only a few indicators at a time to avoid getting conflicting signals and to keep things simple (avoid being overwhelmed by data).
Watch this 7 minute video for details:
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