Here I just want to demonstrate the power and Simplicity of the MA(Moving Average)Everything I have circled is where the Moving averages Cross at some point or another They will always Cross either at the top of an uptrend or at the Bottom of a downtrend. Look at the Chart Notice we are Trending up, MA's will begin to curl downward when we start getting to a top or a place of Leveling out and looking for support. WE are in a strong uptrend.
Hope this helps as this is the only indicator other than MACD that I use to trade, as well as Simple trend lines :)
Good Luck Trading
Hope this helps as this is the only indicator other than MACD that I use to trade, as well as Simple trend lines :)
Good Luck Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.