Indicator Notes｜$ZEREBRO ｜Daily price moves above MA200｜MA200 0.03025
Definition: To determine whether price has moved above or below the line, many people use the daily closing price. It’s very common for price to cross the line intraday and then move back.
How to read it: When price moves back above a long-term moving average, it’s often interpreted as a sign that the trend is improving; a move below it is often seen as a sign of weakness. However, a single crossover doesn’t tell us much.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ZEREBRO
Definition: To determine whether price has moved above or below the line, many people use the daily closing price. It’s very common for price to cross the line intraday and then move back.
How to read it: When price moves back above a long-term moving average, it’s often interpreted as a sign that the trend is improving; a move below it is often seen as a sign of weakness. However, a single crossover doesn’t tell us much.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ZEREBRO