
01-22-2008, 02:55 AM
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Most indicators are just “skewing” the data contain in bar or candlestick chart which display the purest form of data: The Open, High, Low and Close and their relationship to each other. For example – moving averages displaying the relationship between series of closing prices over a period of time.
Today more than 150 indicators are available and even indicators of indicators are available. Out of these, I personally prefer bar chart with volume of information. However one thing you should remember that all indicators are based on five important variables: The Open, High, Low, Close and Volume of certain timeframe.
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