Hello everybody. I've been considering the reason(s) behind our usage of MOVING AVERAGES. Why is it that we use the parameters we use etc.. . ?
Why can you use SMA rather than EMA,SMMA or WMA? And what's a EMA or SMA ( I don't mean the total of this abreviation), actually. . .what does it do?
Why slow EMA, fast EMA and MACD SMA? What's MACD not available in Fast and slow (SMA,SMMA or WMA)?
What are you tyring to reach using SMA, EMA, WMA or even SMMA? What are these tools really designed for/to reach etc.. . ?
I know MOVING AVERAGES are basically utilized to average x numbers of candles, I think there's still more. I will be happy IF those with vast indior knowledge data base can help answer my questions.
Are onto something.