Which is the best technical indicator in stock market?
myTop Ten Technical Indicators: 1. Price – I personally think price action ( I use japanese candle patterns) along with moving average and support and resistance. I try to go with the trend and identify the path of least resistance is where I want to be. 2. Volume – One of the best indicators of the conviction of traders. Volume ,placed in context with price movement, allows me to trade effectively. To measure the significance of volume, we need a baseline. What I am looking for is the % change over an average day. 3. Support and Resistance – I use support and resistance for entries and exits, as well as for clues about where the market is going. But support and resistance trading never becomes obsolete, because support and resistance levels are caused by human nature. They are a natural occurrence in all liquid markets, they always have been and they always will be. 4. Moving Averages – Moving averages are one tool to help you detect a change in trend. They measure buying and selling
