Best Intraday Trading Indicators
List of Gold Intraday Gold Indicators & Analysis
Day traders use intraday gold technical indicators to come up with intraday gold charts that they can use to analyze gold intraday gold charts. Day traders will use these gold intraday gold indicators to come up with gold trading rules that will generate gold trading buy & sell signals based on these gold intraday indicators.
The most popular and oftenly used gold intraday indicators are described below and traders can chose the intraday indicators gold their gold intraday strategy based on the indicator that best suits their gold methods.
The best intraday indicators to come with intraday gold strategies are:
Moving Averages Indicator
Moving Averages is a gold indicator that is plotted on the chart as a line.
This moving average line calculates the average of the price movement.
Moving average gold indicator is used to identify gold trading opportunities in direction of the current trend.
MAs Trading Signals
When prices are moving upwards the moving average gold indicator line will also be moving upwards and this is interpreted by gold intraday traders as a buy signal.
When prices are moving downwards the moving average gold indicator line will also be moving downwards and this is interpreted by gold intraday traders as a sell signal.
RSI
RSI indicator is plotted as an oscillator gold indicator that oscillates between 2 values 0 & 100.
RSI indicator is used to measure the momentum of the current trend with RSI indicator values above 50 being interpreted as bullish and RSI indicators values below 50 being interpreted as bearish.
RSI Trading Signals
When prices are moving upwards the RSI indicator will also be above 50 center line mark and this is interpreted by gold intraday traders as a buy signal.
When prices are moving downwards the RSI indicator will also be below 50 center line mark and this is interpreted by gold intraday traders as a sell signal.
MACD
MACD indicator is drawn as an oscillator gold indicators with two lines - MACD Fast Line and MACD Signal Line.
The MACD indicator has a zero center-line level which is used to generate buy & sell signals when the MACD line move above or below these gold MACD zero center line mark.
MACD technical indicator is used to determine the momentum of the current trend.
MACD Signals
When prices are moving upwards the MACD indicator lines will also be moving above the MACD zero center line mark. MACD lines moving above MACD zero center line mark is interpreted by gold intraday traders as a buy signal.
When prices are moving downwards the MACD indicator lines will also be moving below the MACD zero center line mark. MACD lines moving below MACD zero center line mark is interpreted by gold intraday traders as a sell signal.
Bollinger ##BandsBand
Bollinger Band gold indicator are drawn as three bands that encompass the majority of gold price movement.
The outer bands will adjust their movement based on the price volatility.
Bollinger Band gold indicator is used to analyze the price volatility
When price volatility increases the Bollinger bands widen When price volatility decreases the Bollinger bands narrow
Bollinger Band gold indicator is also used as a trend following indicator because the Bollinger bands will move in the direction of the price trend.
ADX Indicator
ADX indicator - Average Directional Movement Index indicator is used to determine the momentum of the current trend.
ADX technical indicator values above 20 indicate that the market is trending.
ADX indicator values above 30 indicate that there is a strong trend.
ADX Trading Signals
ADX indicator will include +DI and -DI indicator lines that will show the current direction of the current trend - so that traders can know which gold trend direction momentum is being analyzed by the ADX technical indicator
When prices are moving upwards and there is a gold the ADX indicator lines will be above 20. ADX indicator above 20 is interpreted by gold intraday traders as a gold trend signal.
For buy Gold Signal +DI will be above -DI and the ADX indicator value will be above 20
For sell Signal +DI will be below -DI and the ADX indicator value will be above 20
Stochastic Indicator
Stochastic oscillator is drawn as 2 lines %K and %D line which oscillate between 2 values between 0 & 100.
Gold stochastic oscillator is used to determine overbought levels - stochastic indicator values above 80 and oversold levels - stochastic values below 20.
Best Intraday Trading Indicators
