Hi, Today we going to share with you Top 5 indicator which help you to earn big money in intraday. Indicator help you understand which sid...
Hi, Today we going to share with you Top 5 indicator which help you to earn big money in intraday.
Indicator help you understand which side you should take trade. buy and sell side. useful indicator for intraday trading which help you which shares you can intraday trading can be done. intraday is very famous in stock market. as people are participating in the stock market therefor indicator popularity is growing in day by day in traders.
1. Moving average indicator
A moving average is an estimated data of price for a specific time period. Why is it called “moving”? That's because each price is calculated using price from the previous X periods. Because it calculate the averages of prior price with time, moving averages smooth the price data in order to foam a trend-following indicator.
remember one point, moving average will not provide the prediction of price instead it will provide the probability of direction of trend it can be either upside or downside. there are different type of moving average you can apply to the chart
5 SMA moving average provide you when you can enter and exit the trade
10 SMA moving average provide you if the trend is strong or weak.
The
purpose of identifying moving averages
is to make sure whether the current
price trend is below or above the average price in current chart, which additional
indicates a trend is bullish or a
bearish side. By using moving averages identify
the support and resistance levels on the
chart for any script example banknifty and nifty or any equity stocks. Moving
average indicator help traders create strategies in intraday trading.
There are two different types of Moving Averages:
· Simple Moving Average (SMA): Simple Moving Averages a technical indicator that
is used to amount of the average price
of the share for a specified timeframe like 10 close or 20 close or 50 close.
· Exponential Moving Average (EMA): Exponential moving average is the average price of
the share, assessed in extra timeframe . EMA is usually planned for a 10, 50,
and 200-day timeframe.
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