Technical Analysis is a set of skills developed by traders to analyze and study historical chart patterns based on sets of trends and patterns found in price. This can be a very useful skillset if used properly. Technical analysis also consist of any indicators such as Tradrz Algo, which helps the trader identify patterns and trends with ease.
Moving Average Convergence and Divergence (MACD)
Relative Strength Index (RSI)
Volume Weighted Average Price (VWAP)
Exponential Moving Average (EMA)
Simple Moving Average (SMA)
Drawing Support and Resistance Levels
These indicators are all used to build trading systems to help traders analyze price action in an attempt to time entries and exits and maximize profits. Drawing support and resistance levels, along with trendlines are a major asset to all technical traders.