SMA — 9. Sometimes the direction of the trend is not obvious.
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It also happens that a medium-term trend behaves differently than the long-term one. In those cases, the use of an SMA is more than justified.
This indicator can also be combined with indicators of different type for the purpose of providing buy and sell signals. More about the SMA.
Stochastic Oscillator — 8. Being an oscillator-type indicator, it does not follow the trend. Rather, the Stochastic can help you determine overbought and oversold levels you already know why it is important, right?
There are several different types of trading signals this indicator will send: crossover, convergence and divergence. How to use the Stochastic Oscillator indicator Choose Stochastic Oscillator in the list of technical indicators.
Two curves are calculated a little bit differently but still can be used interchangeably depending on your personal preferences. Identify the trend and use either as a standalone tool or in a combination with other to determine optimal entry points. More about the EMA here.
The indicator is merely a tool in the hands of a well-prepared trader and is not capable of providing astonishing results by itself. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.