Swing Trading : The New Practical Guide To Short-Term Trading. Learn Step-By-Step How to Swing Trade and Make Profit in No Time by Joe Penn

Author:Joe Penn [Penn, Joe]
Language: eng
Format: epub
Published: 2020-11-15T00:00:00+00:00

There is no better than one type of MA in a technical map showing the exponential moving average (EMA) and the simple moving average (SMA). An EMA can perform best in a stock or financial market for a while, and an SMA can function better at some times. The time limit chosen for a moving average will also play an important role (regardless of type) in the way it is useful.

Moving Average Length:

The moving average lengths are 10, 20, 50, etc. These lengths can be used for any chart time frame (daily, weekly, etc.), depending on the trader's time period. The time frame or length you have chosen for a moving average, often referred to as the "lookback span," often plays a vital role in how accurate it is. An MA with a short time frame will react much faster than an MA with a long lookback period to price increases. In the chart below, the 20-day moving average measures the actual price better than that of the 100-day moving average does.

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