What is the Best Oil Trend Indicator?

The best trend indicator is the Moving Average oil indicator.

The Moving Average indicator is used to determine the average direction of prices. traders can use the two moving averages to determine the trend of the prices.

Using two moving averages to determine the direction of prices is known as trading using the Moving Average Cross-over System.

The Moving Average crossover systems uses 2 moving average one with a longer time period & one with a shorter time period.

signals are generated when the 2 moving averages cross over each other & begin moving in a particular direction either upward or downward.

To define a oil trend using this Moving average oil trading cross over system both moving averages have to be heading in the same direction.

For example for an upward trend both moving averages have to be moving upwards and for a downward trend both moving averages have to be moving down. If both moving averages are not moving in one direction together or both moving averages are moving sideways then it is best to wait on the sidelines before opening a new trade.

trades should only be opened once both moving averages start heading in one particular direction - downward or upward.

Moving Average Technical Indicator

What is the Best Oil Trend Indicator? - Best Oil Trend Indicator for Trading

Moving Average Cross-over Strategy

What is the Best Oil Trend Indicator? - Indicators for Trend Trading