#TradingTools101 Traders often use different types of trading indicators:
Trend indicators help determine the direction of the market trend. Ichimoku Cloud, trend lines, and moving averages are a few examples of trend indicators.
Momentum indicators are tools for assessing the strength of market changes and identifying potential price reversals. For example, the Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD).
Volatility indicators help traders determine the degree of market volatility, such as Bollinger Bands.
Volume indicators help traders determine the number of transactions occurring in the market. The On-Balance Volume indicator can assist with this.
Oscillators. These indicators oscillate between two extreme values, providing information about expected market fluctuations. The Average Directional Index (ADX) is a great example of an oscillator.
Something like that!