Top 3 Most Reliable Indicators for Year 2020 You Must Know before Investing...

Using trading indicators is a part of any technical trader’s strategy. 

Paired with the right risk management tools, it could help you gain more insight into price trends. 

Here are the Top 3 Technical Indicators For The Year 2020-

1) Bollinger Bands.
2) Ichimoku Kinko Hyo (AKA Ichimoku Cloud)
3) Relative Strength Index (RSI)

Bollinger bands

A Bollinger band is an indicator that provides a range within which the price of an asset typically trades. The width of the band increases and decreases to reflect recent volatility. The closer the bands are to each other – or the ‘narrower’ they are – the lower the perceived volatility of the financial instrument. The wider the bands, the higher the perceived volatility.

Relative strength index (RSI)

RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.

Ichimoku cloud

The Ichimoku Cloud, like many other technical indicators, identifies support and resistance levels. However, it also estimates price momentum and provides traders with signals to help them with their decision-making. The translation of ‘Ichimoku’ is ‘one-look equilibrium chart’ – which is exactly why this indicator is used by traders who need a lot of information from one chart.