Moving Average Strategy
-Many traders use multiple averages to indentify strong trends.
- To use this strategy, add 3 moving averages to your chart, the first with Period 10, the second with period 20, and the third with 30.
- To use this strategy, add 3 moving averages to your chart, the first with Period 10, the second with period 20, and the third with 30.
-After you add the 3 moving averages, you will see a chart similar to the one shown below.
- If the lines are close to each other or “criss-cross” each other – it means that it is NOT a good time to enter the market.
- If the lines are close to each other or “criss-cross” each other – it means that it is NOT a good time to enter the market.