The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance. However, they’re not always accurate so it’s important to use them in conjunction with other indicators if you want a higher level of accuracy when finding trading signals.
On-balance Volume (OBV)
For example, if the RSI is trending upwards while the price is trending downwards, it may indicate a potential trend reversal and a buying opportunity. When the RSI shows a downward trend while the asset price continues to rise, a trend reversal is imminent, which means a selling opportunity. Another excellent aspect of its usefulness is in determining support and resistance levels. If a stock is in an uptrend, it will…
