Hybrid Indicator

Ligors. Mules. Cyber-dinosaurs. Hybrids. They happen when you combine two previously separate things into a new thing with qualities from both. (Horse + Donkey = Mule)

Hybrid indicators apply this process to technical trading: a way of predicting price movement by analyzing how the price of a security (like a stock) has moved in the past. Technical analysis involves using various indicators (trend lines, moving averages, etc.) to compare where a stock is now...with where it's been in the past.

Simple versions of these indicators are known as "unique indicators." However, investors with a taste for variety can start combining them into hybrid indicators. Like combining a robot and a velociraptor to make a cyber-dino.