Look guys, I'm going to give you some simple indicators. The...

Look guys, I'm going to give you some simple indicators. They are the best ones to use in a volatile market. Charts work well for entries and exits. These indicators will confirm everything if you know how to read a chart. But if you don't, that's alright. They are very simple, just follow them and they will practically do the same thing.

Volume Weighted Average Price (VWAP)

Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts to determine the general direction of intraday prices. VWAP is similar to a moving average - when the price is above VWAP, prices are rising, and when the price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trends.

Volume Weighted Average Price (VWAP)
Basically, if you're using this indicator and it's above the line on the indicator, it's a bullish momentum trade. If it's below, it indicates a bearish momentum trade. There are more details, but essentially, you can go that way or get out if you are in a long position.

Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a well-versed momentum-based oscillator used to measure the speed and change of directional price movements. Graphically, the RSI offers a visual way to monitor the strength and weakness of a market, both currently and historically, based on closing prices over a specified trading period. With the popularity of cash-settled instruments like stock indexes and leveraged financial products in derivatives, the RSI has become a reliable indicator of price movements.

What's important when the small chart at the bottom of the main chart shows numbers starting at 30, is when the price is near 30, it signals oversold conditions, suggesting a good entry point when undervalued. As the price begins to rise and crosses the midline, typically around the 50 mark, this confirms a bullish trend. At this point, it's considered a good time to enter a trade.
Once the price crosses the 50 mark and continues rising, crossing 70 indicates a strong uptrend. However, if the price reverses and falls below 70, it suggests overbought conditions, signaling a risk of losses and prompting an exit from the trade.