If you are a trader or even an investor who likes to use technical analysis, then you probably know that it is challenging to identify a general trend from a series of disparate candlesticks. This becomes especially difficult when the candlesticks do not show any clear, secular trend. In such cases, you need a tool that can help you navigate through a series of candlesticks in one glance and help you understand the underlying market sentiment in a matter of seconds. This January, we bring to you exactly that tool in the form of the Angel Trend Tracker!
You can now apply the advanced Angel Trend Tracker on your chart. This is not just any standard indicator. It is offered specifically by Angel One in order to help users, especially traders, identify the general trends in an asset’s price movement.
In order to apply the tracker, simply:
Now comes the second and more important part, i.e. how to interpret what you see on the screen.
The following points will help you comprehend exactly how the Angel Trend Tracker works:
Basically, when you open the Trend Tracker, you can simply look at the borderline and know whether the general trend is bullish or bearish instead of having to look through multiple candlesticks.
If this latest feature excites you, be sure to follow the Angel One blog and Community page in order to stay updated with our latest feature releases. Also, remember to update your Angel One iOS or Android app to the latest version.
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