Technical note | $ARB | Daily close below MA50 | MA50 0.1866
First, a definition: When determining whether the price has moved above or below a level, many people use the daily closing price. It’s common for the price to cross a level intraday and then move back across it before the close.
How to read it: A moving average is simply a line calculated from statistical data. It has no special power in itself; it attracts a lot of attention largely because many people watch it.
Comparing several indicators with one another is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#ARB
First, a definition: When determining whether the price has moved above or below a level, many people use the daily closing price. It’s common for the price to cross a level intraday and then move back across it before the close.
How to read it: A moving average is simply a line calculated from statistical data. It has no special power in itself; it attracts a lot of attention largely because many people watch it.
Comparing several indicators with one another is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#ARB