Sentences with phrase «other technical indicators»

However, it is worth looking out for such candles along with other technical indicators and drawing tools.

Along with the simple and exponential moving averages, there are certain other technical indicators which can help formulate an effective strategy.

However, few analysts would use this as a trading signal in isolation, and would look for confirmation of a trend reversal from other technical indicators.

A lot of Traders are skilled at applying trend lines to form diagnostic opinions of market patterns, this makes them less likely to need to rely on other technical indicators in the market that are harder to interpret and use.

We believe bulls need to hold the 2700 area, not only because that number was yesterday's low or because it is a big round number, but also because other technical indicators suggest 2700 as a pivotal level.

John Bollinger suggests combining other technical indicators based on price direction for confirming price direction and placing trades.

Contrarian day traders attempt to pick tops and bottom using other technical indicators and profit from a change in trends.

Buying a break is a strategy often used by traders who incorporate the use of chart patterns, trendlines and other technical indicators into their trading.

Moving averages can be implemented on all types of price charts (i.e., line, bar, and candlestick), and are also an important component of other technical indicators — such as Bollinger Bands ®.

Keeping in mind that the harami signals are only moderately strong, I think it is especially important to consider other technical indicators that may or may not support trading any particular harami pattern.

In fact, many other technical indicators and overlays are built upon the moving average as well.

While moving averages are useful enough on their own, they also form the basis for other technical indicators such as the Moving Average Convergence Divergence (MACD).

Bollinger Bands are also not a standalone trading strategy, and should be combined with other technical indicators which rely on a different set of data, like price patterns and trendlines.

Over time our charts become cluttered with trend lines and other technical indicators, and the old lines can cloud analysis.

Because of this, it's extremely important to look back and analyze candlestick chart patterns or other technical indicators that occurred in the past.

Traders will often combine this analysis with the Relative Strength Index (RSI) or other technical indicators to verify overbought or oversold conditions.

Traders often use divergence in conjunction with other technical indicators to find opportunities.

Instead, they use oscillator indications in conjunction with other technical indicators, such as candlestick patterns, which are commonly interpreted as indicating possible market reversals.

But trying to spot buying opportunities ahead of time, based on moving averages or other technical indicators, is likely to be futile and costly.

Other technical indicators should be used in conjunction with money flow indicators to improve their effectiveness and reduce false trading signals.

Forex traders typically utilize Bollinger Bands with other technical indicators to recognize price action.

Without a clear understanding of price action trend analysis, other technical indicators can be difficult to apply.

Because of this, it's extremely important to look back and analyze candlestick chart patterns or other technical indicators that occurred in the past.

They should be used in addition to other forms of analysis and / or other technical indicators.

Past data will show you how prices have reacted at support / resistance levels in the past, along with how moving averages captured trends, and how price acted in correlation to other technical indicators that you may choose.

While the indicator provides a hint that a reversal may be coming, most traders use the advance / decline index in conjunction with other technical indicator or chart patterns to generate a specific trading signal with more precision.