ZackeryE21
New member
Is there a good use for having a moving average of another moving average? Whether it be a simple thing like a 5-Day SMA of an 10-Day SMA or something more complex like a 5-Day SMA of a 5 (Weekly Average), 20 (Monthly Average), and 60 (Quarterly Average) Day SMA. It does provide a very smooth line, but as I seem to have difficulty understanding the mathematical reasoning of indicators would anyone who has better understanding like to chime in on if this would be useful?
If so, then in what market conditions would this be useful? I'm assuming it would only be good for long-term trades? It would probably help identify the underlying trend in a choppy market as well I would think.
Thanks for any input!
If so, then in what market conditions would this be useful? I'm assuming it would only be good for long-term trades? It would probably help identify the underlying trend in a choppy market as well I would think.
Thanks for any input!