Hello to all,
Yes, indiors play a very important role in helping the traders to comprehend the price action. Recognizing technical indiors for a newbie could take a lot of time. Being a newbie, I rely on MACD, EMA and RSI indior which makes me understand the price action at a better way.
One should even go for news, along with other economic events that would influence the price motion because every time technical indiors do not show a real picture. Clubbing technical indiors together with news/fundamentals would give a clearer picture.
Have a Fantastic afternoon!!