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The EMA Guide: Exponential Moving Average ↝
A Thread 🧵
1. What is EMA? 2. How to use #EMA? 3. Most Effective EMA’s for trading
🔹Short-term: 5, 10, 20
🔹Mid-term: 20, 30, 50
🔹Long-term: 50, 100, 200 4. EMA vs SMA 5. How to trade EMA 6. Strength & Weakness 7. Summary
1️⃣ What is 𝐄𝐌𝐀?
EMA stands for Exponential Moving Average. It is a popular technical indicator used in trading. EMA is a type of moving average that gives more weight to recent price data, making it more responsive to price changes compared to a simple moving average (SMA).