The most important technical indicators used in technical analysis, with details of each one.
1- Relative Strength Index (RSI) Description: Measures the speed and change of price movements. Ranges from 0 to 100. - Interpretation:- - Above 70:- Indicates that the asset may be “overbought” (oversold). - Below 30:- Indicates that the asset may be “oversold” (overbought condition).
2- Moving Average (MA) Description: Calculates the average price for a specific period of time (such as 50 or 200 days).