![]() And combining the two SMA lines together, we will get a safe entry point according to the price movement when they intersect. Beside, SMA30 is used by traders to forecast the upcoming mid-term trend. SMA10 is an indicator that captures price movement in the short term. Use the SMA30 indicator to identify market trends Combine SMA10 (short-term) and SMA30 (medium-term) indicators to find entry points Used to identify market trendsīullish trend when: The 5-minute Japanese candle chart is above the SMA30 line.īearish trend when: The 5-minute Japanese candle chart is below the SMA30 line. Looking at the slope of the SMA, you can guess how the price will change to make the best decision. Therefore, it helps us predict future prices. ![]() The SMA helps investors find out future price trends. Common SMAs used by traders How to use SMA indicator – SMA for short-term use: SMA(10), SMA(14), SMA(20)įor example, SMA (50) means the moving average of the 50 candles on the closing price of the previous 50 candlesticks. It is the average of closing prices over a given period of time. What is SMA? How does SMA indicator work? SMA is a type of analytical indicator that relies on past price movements to forecast future trend movements. It is considered by trend traders as an indispensable support tool. 6 Notes when using the SMA indicator in binary options trading Video on how to use SMA indicator for long-term trading
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |