📌 What are technical indicators ‼️
✅ Technical indicators are analytical tools based on mathematical equations derived from price movement data.
✅ These indicators provide comprehensive insights into price performance, helping traders make informed decisions about entering or exiting trades, as well as determining when to buy or sell.
⭕️ Types of technical indicators:
✅ Trend Indicator:
⚪️ It shows the overall direction of price movement and is considered one of the most important indicators used in technical analysis.
✅ Momentum Indicator:
⚪️ It measures the strength or weakness of the current price movement compared to previous periods, helping to identify areas of trend reversal.
✅ Volatility Indicator:
⚪️ It is used to identify overbought and oversold areas, helping traders make effective decisions.
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