In simplest terms moving averages (MAs) calculate the average price of an asset over a certain period. Almost every professional trader uses moving averages in their trading as they are non-repainting and unbiased indicators which help to define trends and remove emotion out of trading. Day averages are most commonly used for reference in technical analysis. If you use a moving average of 10 on a daily candle chart it will show you the average price of the last ten days (10 candles). https://www.22s.com/baycone
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Tuesday 15 December 2020
In simplest terms moving averages (MAs) calculate the average price of an asset over a certain period. Almost every professional trader uses moving averages in their trading as they are non-repainting and unbiased indicators which help to define trends and remove emotion out of trading. Day averages are most commonly used for reference in technical analysis. If you use a moving average of 10 on a daily candle chart it will show you the average price of the last ten days (10 candles). https://www.22s.com/baycone
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