XM – What are indicators and how are they used?
Indicators need no introduction in technical analysis. Along with price action, they form the backbone of trading. While many are driven away by indicators thinking they are complex or don’t add enough to the chart, they can be a very useful tool in understanding the price action being formed even when it might not be as visible to the naked eye.
Various indicators exist and they all serve different purposes. Let’s learn more about what they are and some of the most widely used ones.
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