TECHNICIAN
6 February 2017 By PDSNETA technician is an investor who strives to predict the future progress of a share's price by studying patterns in its past price and volume performance. Technicians study the charts of shares and other data streams looking for patterns which they can use to predict the future. The technician assumes that all the relevant fundamentals have already been discounted into the share's price pattern. Technical analysis, or "charting" as it is known, is divided into formations, line charts and wave and cycle theories. With the use of computers to draw charts, thousands of line indicators have been developed - about 60 of these "line" chart formulae are available in your software. In the bottom left-hand corner of your chart you will see the heading "All Indicators". If you click on the down-arrow adjacent to this it will display an alphabetical list of the available indicators. The best way to analyse charts is to use simple concepts like trendlines, basic formations like the "double top" and "double bottom" as well as simple indicators like the comparative relative strength and the moving average.
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