Technical indicators are exploratory variables usually derived from a stock's price and volume. They are used to explain a stock's price ...SkiptocontentHome»Learn»TechnicalAnalysis»Get40+TechnicalIndicatorsforaStockUsingPythonUsingtheTechnicalAnalysis(TA)library,wecanacquire40+technicalindicatorsforanystock.AcorrelationofallthetechnicalindicatorsusingMicrosoft’sstockdata.(PhotobyAuthor)Technicalindicatorsareexploratoryvariablesusuallyderivedfromastock’spriceandvolume.Theyareusedtoexplainastock’spricemovementsinhopesofpredictingfutureswings.Inotherwords,theyareusedtodeterminewhetherastockis“overbought”or“oversold”.Thoughtheseindicatorsarewidelyexploitedbybothindependentinvestorsandhedgefundsalike,manypeopledonothavequickwayofobtainingthem.Theyhavetoresorttocalculatingeachindicatoroneatatime.Thisprocesstakesagreatdealoftimeandcomputationalpower.Believeme.I’vespentmyfairshareoftimecodingthisprocessusingpythoninthepast(seeproofinthearticlesbelow):CalculateandAnalyzeRSIUsingPythonHowtoCalculatetheMACDUsingPythonCalculateOn-BalanceVolume(OBV)UsingPythonCalculatingtechnicalindicatorstakestimeawayfromthemodelingprocessandcanthereforebeadeterrenttobuildingmorecomplexstatisticalmodels.WiththeTA(technicalanalysis)librarythough,wecansubstantiateanystock’shistoricalpricedatawithmorethan40differenttechnicalindicatorsusingjustonelineofcode.Thisishuge.SinceI’veneverseenanyoneusingit,Idecidedtowritethisquickguideinhopesofencouragingmorepeopletotakeadvantageofit.Outlineofthisguide:Theimportanceoftechnicalindicatorsandutilizingmomentumstrategiesinyourstockanalysisprocess.Importingthenecessarypythonlibraries.Obtainingastock’shistoricaldata.Substantiatingthehistoricaldatawith40+technicalindicators.WhyisThisImportanttoYou?Computersarerevolutionizingthewaypeopleinvest.Nowthat80%ofeverydaytradesaredonebymachines,easilyaccessibledataisbecomingvastlymoreimportant.Independentinvestorsandhedgefundsalikearelookingfornewwaysinwhichtheycanleveragethespeedofcomputerswiththeirincreasinglylargetrov