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Technical Analysis/Technical Indicators
Reference material by Wikibooks contributors. This retains its source identity and is not 411 news reporting.
The basic data on which the chart is drawn are
Date
Price (Open, High, Low & Close)
Volume
Open Interest
While using this data there are many statistical values which are used to get more insight into the available data. Some of these indicators are
Moving Average
Exponential Moving Average
On Balance Volume
Bollinger bands
Relative Strength Index (RSI)
Moving average convergence divergence (MACD)
Each of these indicators have specific use. Moving averages are used to spot the direction of trend, while oscillators like RSI and MACD gives strength of trend.