best indicator in technical analysis

Stock Technical Analysis – Technical Indicators (Part 2)? the Moving Average Convergence and Divergence (MACD) indicator. Traders consider MACD as the grand old daddy of indicators. Though invented in the seventies, MACD is still considered one of the most reliable momentum traders indicators. As the name suggests, MACD is all about the convergence and divergence of the two moving averages. A standard MACD is calculated using a 12 day EMA and a 26 day EMA.

Stock Technical Analysis – what are technical Indicators (Part 1)?Technical Indicators are self-contained trading systems that have been developed by successful traders. Indicators are pre-programmed logic that traders can use to augment their technical analysis (candlesticks, volumes, S&R) when making trading decisions. Indicators aid in the buying, selling, confirmation, and prediction of trends.