Aroon IndicatorLinkedInwithBackgroundPartOfUltimateTradingGuide:Options,Futures,andTechnicalAnalysisExploreTheGuideOverviewOptionsTradingOverviewBeginner'sGuidetoCallBuyingTheBasicsofCoveredCallsProtectivePutIntroductiontoPutWritingHowOptionsArePricedOptionGreeksandRisksFuturesTradingOverviewFuturesMarketDefinitionTradingFuturesOverStocksAdvantagesofFuturesOverOptionsHowDoS&P500FuturesWork?HowtoTradeDowJonesIndexFuturesHowDoFuturesContractsRollOver?NotionalValuevs.MarketValueTechnicalAnalysisOverviewTechnicalIndicatorstoBuildaTradingToolkitUnderstandingBasicCandlestickChartsUsingBullishCandlestickPatternsToBuyStocksGaugingtheStrengthofaMarketMoveStochastics:AnAccurateBuyandSellIndicatorTechnicalAnalysisTechnicalAnalysisBasicEducationTableofContentsExpandToolsoftheTrade1.On-BalanceVolume2.Accumulation/DistributionLine3.AverageDirectionalIndex4.AroonIndicator5.MACD6.RelativeStrengthIndex7.StochasticOscillatorTheBottomLineTechnicalindicatorsareusedbytraderstogaininsightintothesupplyanddemandofsecuritiesandmarketpsychology.Together,theseindicatorsformthebasisoftechnicalanalysis.Metrics,suchastrading volume,provide cluesastowhethera pricemovewillcontinue.Inthisway,indicatorscanbeusedtogeneratebuyandsellsignals.Inthislist,you'lllearn aboutseven technicalindicatorstoaddtoyour tradingtoolkit.Youdon'tneedtouseallofthem,ratherpickafewthatyoufindhelpinmakingbettertradingdecisions.KeyTakeawaysTechnicaltradersandchartistshaveawidevarietyofindicators,patterns,andoscillatorsintheirtoolkittogeneratesignals.Someoftheseconsiderpricehistory,otherslookattradingvolume,andyetothersaremomentumindicators.Often,theseareusedintandemorcombinationwithoneanother.Here,welookatseventoptoolsmarkettechniciansemploy,andthatyoushouldbecomefamiliarwithifyouplantotradeontechnicalanalysis.ToolsoftheTradeThetoolsofthetradefordaytradersandtechnicalanalystsconsistofchartingtoolsthatgeneratesignalstobuyorsell,orwhichindicatetrendsorpatternsinthemarket.Broadlyspeaking,therearetwobasictypesoftechnicalindicato