Chapter 2.3
Technical Indicators NORNE TradeMentor
TECHNICAL ANALYSIS: TECHNICAL
INDICATORS.
ee ee a
creer ae
into simple eot-t-read signals tha an help you determine when to buy
, Mi Fe
and when to sel nyt t i Is al
Technical nets te ted on mathemati equtos that produce @ ay ‘i rill MS
‘value that f then petted on your chart. For example 2 moving average
‘calculates the average itr pice ofa stock or CFD and plot pint on
your char As your stock or CFD chart moves forward the moving average
plotsnew points boredon the updated price infrmation tas, Utimately
‘the moving average gves you a smooth indication of the decton in }
which the stock or CFD moving NORNE
Eachtechnicaingiator provides ungue information. You wild you vill
naturally gravitate toward specific technical indicators based on your
trading personality, butt is important to become famiar with al of the
‘technical indicators at your disposal
‘You should abo be aware ofthe one weakness associated with technical
indicators, Gaauee technical indicator ook at hstoricl price dt, they
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