Relative Strength Index (RSI)
A 0 to 100 reading of how strong recent gains are against recent losses. The standard length is 14.
How traders read it: Above 70 is overbought and below 30 is oversold. Divergence (price makes a new high but RSI does not) warns that a move is tiring.
Watch out: In a strong uptrend RSI can stay above 70 for weeks; overbought does not mean "sell now".
RSI: settings, formula and how to use it
MACD
The gap between the 12 and 26 EMA, a 9-period signal line, and a histogram of the difference.
How traders read it: The MACD line crossing above its signal line is bullish, below is bearish. Above zero the bigger trend is up.
Watch out: It is built from averages, so it lags in fast markets.
MACD: settings, formula and how to use it
Stochastic
Where the close sits inside the recent high-low range, from 0 to 100.
How traders read it: Above 80 is overbought, below 20 oversold; crosses of its two lines give the signals.
Watch out: Best in ranges; in trends it stays pinned at the extremes.
Stochastic: settings, formula and how to use it
Stochastic RSI
The Stochastic formula applied to RSI, which makes it faster and more sensitive.
How traders read it: Used for early timing of pullbacks inside a trend.
Watch out: Very jumpy: confirm with something slower.
Stochastic RSI: settings, formula and how to use it
CCI
Commodity Channel Index: how far price is from its average, in units of normal deviation.
How traders read it: Above +100 shows strong upside momentum, below -100 strong downside.
Watch out: The levels are not hard limits; it can run far beyond them.
CCI: settings, formula and how to use it
Williams %R
A close cousin of Stochastic, plotted from 0 to -100.
How traders read it: Above -20 is overbought, below -80 oversold.
Watch out: Gives the same information as Stochastic; no need to use both.
Williams %R: settings, formula and how to use it
Rate of Change (ROC)
The percentage price change over the last N candles.
How traders read it: Above zero momentum is positive; a rising ROC means the move is speeding up.
Watch out: One old candle leaving the window can swing it sharply.
ROC: settings, formula and how to use it