**Useful Intraday Trading Indicators**

- Moving Averages: Traders often hear about daily moving averages (DMA), which is the most common and widely used indicator.
- Bollinger Bands: This intraday trading indicator is one step ahead of the moving average.
- Momentum Oscillators:
- Relative Strength Index (RSI):

So, what is the best indicator for stock trading?

**There are many technical indicators for doing technical analysis, but few indicators are widely used by the traders in the share market.**

- Moving average convergence and Divergence,
- Bollinger Bands,
- Moving Averages (Simple and Exponential)
- Relative Strength Index ,
- Fibonacci Retracements.
- Stochastic Oscillators,

How do stochastic indicators work?

The

**stochastic**oscillator is a momentum**indicator**comparing the closing price of a security to the range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result.What are trend indicators?

Trading in the direction of a strong

**trend**reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate**trend indicator**.