Technical Indicators

RSI tracks the change and speed of price movement on a scale of 0 to 100.
It is ploted by calculating the average of the gains and losses.

1. When the RSI is above 70 it shows that the market has been overbought indicating a chance to sell.
2. When the RSI is below 30 it shows that the market has been oversold indicating a chance to buy.

MACD is created to show the relationship between two Exponential Moving Average i.e typically 12-day and 26-day.

It includes a MACD line, a signal line (9-day EMA of the MACD line), and a histogram showing the difference between the MACD line and the signal line.

1. When the MACD line crosses above the signal line it is regarded as a buy signal in favor of the bullish.
2. When the MACD line crosses below the signal line it is regarded as a sell Signal in favor of the bearish.

Bollinger Bands consist of three bands with a middle band as Small Moving Average (SMA) and two outer bands as standard deviations away from the SMA. The bands expand and contract based on market volatility.

The default period for the SMA is 20 days, with the bands set two standard deviations away from the SMA.

Bollinger Band squeeze indicates reduced volatility and potential for future price movement.

1. When the candles touches the upper band it shows that the market is overbought indicating a chance to buy.
2. When the candles touches the lower band it shows that the market is oversold indicating a chance to sell.

The stochastic oscillator compares the closing price to the price range over a specified period. It produces values between 0 and 100.

The default settings are 14 periods for the %K line and 3-period smoothing for the %D line.

1. If the stochastic oscillator is above 80 it shows that the market is overbought and oversold when below 20.
2. Look for cross line between %K line and %D line for potential buy and sell Signal.

Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on Fibonacci ratios. Identify the most recent significant high and low on the chart.

Draw retracement levels between these points using Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, 76.4%).

Price often retraces to these Fibonacci levels before continuing in the direction of the original trend. These levels can help identify potential reversal points.

1. If it's an uptrend and prices retraces to a fabonacci level then it indicates a buy signal.
2. And If it's an downtrend and prices retraces to a fabonacci level then it indicates a sell signal

The Ichimoku Cloud includes five lines: Tenkan-sen (9-period), Kijun-sen (26-period), Senkou Span A (leading span A), Senkou Span B (leading span B), and Chikou Span (lagging span). It creates a "cloud" on the chart to provide support and resistance levels and trend direction.

The default settings of ichimoku Cloud is 9, 26, and 52 periods for the respective lines.

1. If the prices are below the cloud the it is regarded as a downwards trend.
2. And If the prices are above the cloud it is regarded as an uptrend.
3. Look for crossovers between the lines and the cloud for trading signals.