Behold the bread and butter indicator for many day traders: The VWAP. The VWAP (volume weighted average price) is a powerful indicator and ...BestIndicatorsforDayTradingSeanDayTradingBlogPostsTechnicalanalysiscan’tgetcomplicatedreallyquicklysoweputtogethersomeofthebestindicatorsfordaytradingandhowyoucanusethem.WhatisTechnicalAnalysis?Tounderstandwhattechnicalindicatorsare,youshouldfirstknowwhatTechnicalAnalysisis–andwhothepeoplewhopracticeitare.Traditionalfinancialanalysisisrelatedtothebasicstudyofeconomics:supplyanddemand.FundamentalAnalystslookatvariouspiecesofdataandreportstodeterminewhatfactorswillcontributetoaninstrument’sfutureprice.TechnicalAnalystsdon’tcareaboutallofthefactors–theycareaboutthemarket’smoves.Priceactioniskingasatechnicalanalyst.EfficientMarketHypothesisBroadlyspeaking,theEMHtellstradersandinvestorsthatallknownandunknowndataispricedintothepriceofastock,index,currency,etc.,andthereforethecurrentpriceisalwaysthebestdeal.AdherentstotheEMHbelievethatweareunabletodeterminefuturepriceactionbasedonpastpricebehavior,whichisridiculous.Allofbehavioralscienceandthestudyofhumanactivitypredictsfuturebehaviorbasedonpastbehavior.Analyzingpastbehaviorandtrendsissomethingscientistsdoinmultiplefieldsonadailybasis.So,theideathatwecan’tpredictthefuturepriceactionofastockbasedonitshistoricalpriceactionisjustsilly.Technicalanalystsareconcernedwiththechartandpricealone–nothingelsematters.Tostudypriceanditsbehavior,technicalanalystsusetechnicalindicators.Andthereareametrictonoftechnicalindicatorsoutthere.Someoftheavailabletechnicalanalysistoolsbogglethemindandseemlikemagic;othersarejustweird.TechnicalIndicatorExampleDoyouknowthereisonetechnicalindicatorcreatedbecausetheEpiscopalChurchaskedaparishionertofindgoodinvestmentopportunities?Truestory.Also,itwastheearly1960s.TheindicatoriscalledtheCoppockCurve.Themanwhocreatedit(EdwinCoppock,aneconomist)thoughtwhenpeopleexperiencedabiglossinthestockmarketthatitmustbesimilartogrievingandlosingalovedone.HepolledtheEpiscopalBish