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What's your favorite technical analysis tool and why do you like it?
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Kagi chart will be my first choice

Kagi charts change direction when there is a price reversal of a specified amount, or more.
The chart continues to move in that direction until there is price reversal of the specified amount in the other direction.
When the price moves above the prior Kagi high the line turns thick (or green) and when the price drops below the prior Kagi low the line turns thin (or red). The line stays thick or thin until the opposite signal occurs.
The changes in direction, changes in line thickness, as well as other patterns can generate buy and sell signals.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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