InvestorQ : Can you tell me something about some indicators that I can use effectively to trade intraday?
Abhisha Yadav made post

Can you tell me something about some indicators that I can use effectively to trade intraday?

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Abhisha Yadav answered.
3 years ago
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Trading indicators for intraday trading are slightly unique because they are extremely short term in nature. These indicators are used to study levels, breakouts and momentum in the stock before taking intraday positions. What do intraday trading indicators offer?

Intraday trading indicators combine volumes and prices to get a reliable source of information on the likely direction of the stock price. Normally, price is an indicator while volumes provide the confirmation to a trend. You must combine these two to get a real picture. These trading indicators tell you the profit potential in the midst of market volatility and also give a colour of the underlying momentum of the stock and the market. Always wait for confirmations before committing your money. Trading indicators are not only used to gauge the direction of the trend but also the intensity of the trend so that the intraday trader can decide upon the trade and its intensity.

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