No indicator can give correct signals 100% of the time.
To improve the odds of getting the right trading signals, however, you can use multiple indicators for confirmation.
Two of our favourite indicators are:
- Moving Average Convergence Divergence (MACD) for identifying the trend and,
- Relative Strength Index (RSI) for gauging the momentum.
Learn how to combine the two for an effective trading strategy in our latest newsletter issue
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