as many of you might have experienced.
there are so many fancy MAs that bragging their speed. but are they really superior?
i've tried almost of them out there and my conclusion is those 'fast' MAs are just clone of shorter SMA. nothing special.
furthermore, they don't even represent the 'actual average'. it's just smoothing filter. even sometimes overshooting to the territory where never traded.
recall the reason why you needed moving average. it's purpose to know 'average price' that participants traded.
if you're new to TA especially indicator world. don't ever never wander to find fastest MA, it's totally waste of time.
if you need a fast ma, just reduce the period of SMA. that's all you need.
there are so many fancy MAs that bragging their speed. but are they really superior?
i've tried almost of them out there and my conclusion is those 'fast' MAs are just clone of shorter SMA. nothing special.
furthermore, they don't even represent the 'actual average'. it's just smoothing filter. even sometimes overshooting to the territory where never traded.
recall the reason why you needed moving average. it's purpose to know 'average price' that participants traded.
if you're new to TA especially indicator world. don't ever never wander to find fastest MA, it's totally waste of time.
if you need a fast ma, just reduce the period of SMA. that's all you need.