When analyzing the financial markets most professionals and retail traders use indicators and oscillators.
Indicators and oscillators are tools that are used in technical analysis to analyze financial markets. Although they may serve similar purposes, there are some differences between the two.
Indicators are Mathematical Calculations based on Historical Price and Volume Data
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Indicators provide traders with information about the overall trend, momentum and strength of a market. Indicators are mathematical calculations based on historical price and volume data.
Some examples of indicators include relative strength index (RSI), moving averages and moving average convergence divergence (MACD). Indicators typically displayed as lined or histograms on a chart.