What is the best indicator for US30?

Asked 5 years ago

I'm looking for the most accurate stock market indicator for US30. Do you have any suggestions?

Andrew Moran

Sunday, December 19, 2021

There are generally two indicators that are great to utilize for trading the US30. 
The first is the Relative Strength Index (RSI) for the Dow Jones Industrial Average-Nasdaq Composite Index ratio.
This gives you two pieces of information. The first is the difference between the two key benchmark indexes. The second is that you can determine what is overbought and what is oversold.
The second indicator is the MACD, or the Moving Average Convergence Divergence. This is a technical indicator to determine the trend of a stock, index, or other security by understanding the relationship between two moving averages and a security's price.