Indicators play a major as well as significant role in intraday traders particularly for the beginners for trading.
All markets, but especially crude oil are only based on supply and demand. Supply and demand are what makes price in any market move from one value area to another, nothing else.
My best indicator is MACD & Bollinger band
Moving Average Convergence Divergence - MACD
The MACD is calculated by subtracting the 26-period EMA from the 12-period EMA.
The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market being overbought or oversold.
The MACD helps investors understand whether bullish or bearish movement in the price is strengthening or weakening.
Bollinger band
Bollinger Bands are a dynamic indicator which means that they adapt to changing market conditions and, thus, have benefits over other standard indicators which are often perceived as ‘lagging’.
There are just a few things you need to pay attention to when it comes to using Bollinger Bands to analyse trend strength :
During strong trends, price stays close to the outer band
If price pulls away from the outer band as the trend continues, it shows fading momentum
Repeated pushes into the outer bands that don’t actually reach the band show a lack of power
A break of the moving average is often the signal that a trend is ending
Visit here : Expertcrudeoil
All markets, but especially crude oil are only based on supply and demand. Supply and demand are what makes price in any market move from one value area to another, nothing else.
My best indicator is MACD & Bollinger band
Moving Average Convergence Divergence - MACD
The MACD is calculated by subtracting the 26-period EMA from the 12-period EMA.
The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market being overbought or oversold.
The MACD helps investors understand whether bullish or bearish movement in the price is strengthening or weakening.
Bollinger band
Bollinger Bands are a dynamic indicator which means that they adapt to changing market conditions and, thus, have benefits over other standard indicators which are often perceived as ‘lagging’.
There are just a few things you need to pay attention to when it comes to using Bollinger Bands to analyse trend strength :
During strong trends, price stays close to the outer band
If price pulls away from the outer band as the trend continues, it shows fading momentum
Repeated pushes into the outer bands that don’t actually reach the band show a lack of power
A break of the moving average is often the signal that a trend is ending
Visit here : Expertcrudeoil