Indicator Notes | $ESPORTS | Daily close above MA50 | MA50 0.009663
First, the definition: A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the window moves forward by one, and connecting the values creates a moving-average line.
Now, how to read it: The relationship between short- and long-term moving averages is also often used to assess trends. When the short-term average is above the long-term average, the outlook tends to be bullish; when it is below, the outlook tends to be bearish. However, both reflect price movements that have already occurred.
Extreme readings are usually accompanied by more volatile swings. At such times, it is better to reduce your position size rather than make a large bet.
First, the definition: A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the window moves forward by one, and connecting the values creates a moving-average line.
Now, how to read it: The relationship between short- and long-term moving averages is also often used to assess trends. When the short-term average is above the long-term average, the outlook tends to be bullish; when it is below, the outlook tends to be bearish. However, both reflect price movements that have already occurred.
Extreme readings are usually accompanied by more volatile swings. At such times, it is better to reduce your position size rather than make a large bet.