Best Technical Indicators for Day Trading · Moving Averages · Support and resistance · Average Directional Index (ADX) · Commodity Channel Index · Relative ...BestTechnicalIndicatorsforDayTrading×CloseWehopeyouenjoyreadingthispost.Doyouwanttotakeyourtradingtothenextlevel?DayTradeTheWorld™»TradingBlog»BestTechnicalIndicatorsforDayTradingAsadaytrader,yourcareerrevolvesaroundmakingshorttermtradesandtakingsomequickgains.Thiscanbeveryprofitableforexperiencedtradersandanightmareforinexperiencedtraders.Thedifferencebetweenexperienceddaytraderswiththeinexperiencedonesisthattheformerhavemasteredkeystrategiesoftrading.Somehaveexpertiseinfundamentaltradingwhileothersareexpertsintechnicalanalysis.Othersareexpertsinthetwomethods.Inthisarticle,Wewilllookatthebesttechnicalindicatorsfordaytrading.PageContentsMovingAveragesSupportandresistanceAverageDirectionalIndex(ADX)CommodityChannelIndexRelativeStrengthIndexMovingAveragesMovingAverages(MA)aresomeofthemostcommonlyusedtechnicalindicatorsbecausehistorically,theyhavedoneverywell.Thereare5mainusedtypesofmovingaverageswhichinclude:SimplemovingaveragesExponentialmovingaveragesTrianglemovingaveragesDoubleexponentialmovingaveragesSmoothedmovingaveragesFordaytradersusingthemovingaverages,thesecretistouseashortdurationsuchas10days.ExponentialMovingAveragereactsfasterthanothertypesofmovingaverages.Itisalsoimportanttocombineashortertermmovingaveragewithlongertermmovingaverage.Abuysignalcomesoutwhenthemovingaverageisbelowthecurrentpriceoftheasset.SupportandresistanceIninvesting,acommonclichégoeslikethis:buylowandsellhigh.Thisisafactthatifyoubuylowandsellhigh,youwillmakeagoodprofit.However,thechallengecomeswhenidentifyingthelowpointtobuyandahighpointtosell.Inmanycases,people,includingexperiencedtradersbuywiththeimpressionthatthecharthasreachedtheflooronlytofindthechartcontinuingadownwardtrend.Itisforthisreasonthattheconceptofsupportandresistancebecomesveryimportant.Thefigurebelowshowstheconceptofsupportandresistance.Thechallengemanytradersface