RE: Oddly enough30 Jun 2017 11:00
The 200 day moving average, popular on daily charts and used in conjunction with shorter term averages 100,50,21,10 alongside other indicators.
The 200 once described to me as a big old liner ship slowly and steadily turning in the ocean and the shorter terms as speedboats,the shorter the term the faster the turn.
I tend to use the exponential moving averages rather than the simple moving averages as they are weighted more towards recent prices and therefore react quicker but each to their own.
Thought I would get that off my chest,apologies if it has bored the crap out of anyone.
Cheers