Thread by @elearnmarkets

6 Most Used Indicators for Intraday Trading📈

A thread(🧵)...

1. Supertrend: The Simplest of all indicators. It is plotted on the price chart and the current trend can be determined by its placement vis-a-vis price👇

Generally, the default parameters are 10 for the #AverageTrueRange(ATR) (sedg.in/jd12hn59) and 3 for its multiplier👇

2. VWAP: Volume Weighted Average Price is a #Volume Indicator of the ratio of the value of a #stock traded in a particular time to the total volume traded at that Stock for a particular time👇

This indicator indicates the trend is #Bullish when the price of a stock is above VWAP, meaning the price is above average Volume and the #trend is positive👇

3. Stochastics: Stochastic is a #Momentum indicator that has been around for a long time and is suitable for both #intraday trading, as well as #swingtrading👇

4. Average Directional Index: The #trend is your friend till it bends. Hence, #ADX is extremely reliable when it comes to identifying the trend's strength👇

It tells us whether the ongoing trend has the #strength to continue going up or down. ADX is measured from 0 to 100, and the higher the value of ADX, the higher is the trend strength📈 👇

5. On-Balance-Volume(OBV): A popular #volume indicator that tracks absolute volume change for speculating price movements. #Traders believe that volume drives price, because of aggressive Institutional #Investor activity

Hence, OBV helps to track smart money flow into the market, even predicting future movements. If the value of OBV change is higher than the price change, we may see a sharp upside/downside #movement in the future👇

6. Donchian Channel: A great #volatility indicator that helps in analyzing if the volatility in the #stock is high or low. It is constructed by calculating the Highest High and the Lowest Low for a while 👇

If there is a #breakout from the upper or lower band, it is considered as the starting of a new trend👇

Read the full blog post here: sedg.in/jd12hn59

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