The most important thing for a technical analysis trader is to see historical market data, this is done by using a trading chart. A trading chart allows to display a variety of information, most commonly market prices, volume and technical indicators.
Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies
Technical indicators are represented by a series of observations derived from one or various mathematical calculations processing historical market prices and/or historical volume. Some indicators can be described as rolling statistics processing data over a finite window length.
Moving average is an indicator that shows the average value of a stock's price over a period (i.e. 10 days, 50 days, 200 days, etc) and is usually plotted along with the closing price
The EMA cross indicator is a lagging indicator, which works through looking for crossovers between two EMA (Exponential moving average). When a short period EMA crosses above the long period EMA take a BUY position, and when a short period EMA crosses below the long period EMA take a SELL position. Note.
Support is a price point below the current market price that indicate buying interest. Resistance is a price point above the current market price that indicate selling interest. Price crossing and closing above or below the S&R line could create tremendous movement
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
A trend line is simply a momentum indicator. It measures the rate of increase in the share price over time and alerts you to any acceleration or deceleration of the trend.An uptrend line has a positive slope and is formed by connecting two or more low points. The second low must be higher than the first for the line to have a positive slo
A trend line is simply a momentum indicator. It measures the rate of increase in the share price over time and alerts you to any acceleration or deceleration of the trend.An uptrend line has a positive slope and is formed by connecting two or more low points. The second low must be higher than the first for the line to have a positive slope. Note that at least three points must be connected before the line is considered to be a valid trend line.
Buy and Sell Indicators can be setup on any action such as crossovers, breakouts etc. We use a technical tool that measures the limits of price movement over a specified time frame.