A trend line based on 2 different SMAs
- longer SMAs tend to sit too far from daily action
- shorter SMAs are too jittery
- the idea here is to create a smooth line, that is sits much closer to the daily price ranges
- this is achieved by mixing 2 MAs, a longer one and a shorter one
- the long one gives smoothness
- while averaging it with a shorter one, brings it (much in some cases) closer to the daily range
- shorter SMAs are too jittery
- the idea here is to create a smooth line, that is sits much closer to the daily price ranges
- this is achieved by mixing 2 MAs, a longer one and a shorter one
- the long one gives smoothness
- while averaging it with a shorter one, brings it (much in some cases) closer to the daily range
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