- Moving averages: These show the average price of a security over a certain time period, and can be used to identify trends.
- Bollinger bands: These are bands that are plotted around a moving average, and can be used to identify overbought or oversold conditions.
- Relative strength index (RSI): This indicator measures the strength of a security’s price movement and can be used to identify overbought or oversold conditions.
- Moving average convergence divergence (MACD): This indicator compares the difference between two moving averages and can be used to identify trends and potential trade signals.
- On-balance volume (OBV): This indicator tracks the volume of a security and can be used to identify changes in the buying or selling pressure.
There are many indicators that traders use in intraday trading, and which ones are the “best” will depend on the individual trader’s strategy and style.
It’s important to note that no single indicator is perfect, and it’s generally a good idea to use a combination of indicators to make more informed trading decisions. It’s also important to backtest your trading strategy and indicators to see how they would have performed in the past before using them in live trading.
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