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This intepretation of indicators is another way where moomoo has made it easier for experienced and new investors alike to make more informed decision when it comes to investing.
For the former group of investors, this feature allows a quick grasp of whether a particular stock is oversold or overbought without having to plot the rsi and such on the chart.
This saves additional time for the investor to do other analyses to couple with the signal shown on the intepretation of indicators to build a stronger case for proper entry.
For the newer investors, the easy to use and easy to understand feature is a quick way of knowing the general sentiment of the particular stock.
I especially like that moomoo gives the morphological intepretation such as the attached screenshot, where it shows whether the stock is currently bullish or bearish.
Importantly, it gives the reason too like in this screenshot, the trend is bullish due to the crossing of the bollinger band.
This is really nifty and I must say accessing this feature has been part of my due diligence. ...