_*10 Technical Indicator Recommendations / Picks for Diwali 2024 to Diwali 2025 .*_ 😀 🤝 👍 👏
*LEARNING IS THE BEST, EASIEST AND MOST EFFECTIVE WAY OF EARNING.* Please try to master these Technical Indicators and then see, how easily you can probably avoid following tips on WhatsApp/telegram/twitter etc by self studying and learning. 🤞🏼🤞🏼🤞🏼
*RSI (Relative Strength Index)* : An oscillator that measures the relative strength of price over a specific period. Traders typically configure it with 14 periods, using levels of 30(oversold) and 70(overbought) to identify potential reversals.
*MACD (Moving Average Convergence Divergence)* : A key indicator tracking the crossover between two moving averages. Common settings include 12 and 26 periods for the moving averages, with a 9-period signal line to detect trend changes.
*Ultimate Oscillator* : Combines three different time frames to offer a comprehensive view of buying and selling pressure. Popular settings are 7, 14, and 28 periods.
*Bollinger Bands* : Provides insight into where the price is relative to its upper and lower bands. Standard settings include a 20-period moving average and a standard deviation of 2.
*ADX (Average Directional Index)* : Measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below suggest weak or sideways movement.
*Stochastic Oscillator* : A momentum indicator comparing the closing price to its range over a defined period. Popular configurations include 14 periods for %K and 3 for %D smoothing.
*Parabolic SAR* : Ideal for identifying trend reversals and entry/exit points. Commonly configured with a 0.02 step and a 0.2 maximum.
*MFI (Money Flow Index)* : Similar to RSI but incorporates volume into the calculation. Standard settings use 14 periods, with levels of 20 as oversold and 80 as overbought thresholds.
*CCI (Commodity Channel Index)* : Measures the deviation of price from its average. 20-period is set as default with levels of +100 to identify extreme overbought and -100 to identify extremely oversold conditions.
*Heikin Ashi Candles :* These candles smooth out price fluctuations to show clearer trends. Commonly used in trend-following strategies to filter market noise.