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technical_indicators:moving_averages [2020/09/11 22:38] betseyp [Support and Resistance] |
technical_indicators:moving_averages [2020/09/11 22:39] betseyp [Moving Average Ribbons] |
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| Several moving averages with different look-back periods can be plotted on the same chart. The moving average lines resemble a ribbon moving across the chart: | Several moving averages with different look-back periods can be plotted on the same chart. The moving average lines resemble a ribbon moving across the chart: | ||
| - | {{:technical_indicators:moving_averages:ribbonexample.png?800}} | + | {{:technical_indicators:moving_averages:ribbonexample.png?700}} |
| In addition to analyzing individual moving average lines on the ribbon, chartists can glean information from the ribbon itself. If the lines are running in parallel, this indicates a strong trend. If the ribbon is expanding (the lines are moving further apart over time), this indicates the trend is coming to an end. If the ribbon is contracting (the lines are moving closer together or even crossing), this can indicate the start of a new trend. | In addition to analyzing individual moving average lines on the ribbon, chartists can glean information from the ribbon itself. If the lines are running in parallel, this indicates a strong trend. If the ribbon is expanding (the lines are moving further apart over time), this indicates the trend is coming to an end. If the ribbon is contracting (the lines are moving closer together or even crossing), this can indicate the start of a new trend. | ||