1 Best trading indicators beyond moving averages

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Refers to indicators that need a solid grasp of moving average concepts for effective use. These indicators often build upon or incorporate moving average principles, requiring traders to have a strong foundation in this area. While they can offer advanced insights, the necessity for this prerequisite knowledge can be a barrier for beginners. Traders using these indicators should ensure they have a thorough understanding of various moving average types and their applications before implementation.

Elder-Ray Index

7.5 Score

Known for Combining Trend And Momentum

Complexity Level 🧑

Pros 👍

Cons 👎

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Facts about Best trading indicators beyond moving averages

Elder-Ray Index
- The complexity level of Elder-Ray Index is Advanced.
- The main drawbacks of Elder-Ray Index are Complex Calculation,Requires Understanding Of Multiple Concepts,Can Be Complex For Beginners,Requires Understanding Of Multiple Components,Can Be Less Effective In Strongly Trending Markets,Requires Understanding Of Moving Averages,Complex For Beginners,Requires Additional Confirmation..