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What is Moving Average in Technical Analysis and why it is important to identify market trends? Our ace chartist @bbrijesh decodes the ways to implement Moving Averages. #TechnicalAnalysis
The moving average #MA is a simple technical analysis tool that smoothens the price data by creating a constantly updated average price. It can be applied on various time-frames like minutes, hours, days, weeks, months, quarters, and even years.
There are 3 types of #MA. 1) Simple Moving Average #SMA. 2) Exponential Moving Average #EMA. 3) Weighted Moving Average #WMA. The #SMA and #EMA are the widely used moving averages.
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