I think a better question is WHY do you use the settings you use?
5,10,20,21,50,180,200 is irrelevant....they are NOT dinamic support and resistance, they are NOT more effective at setting x as opposed to setting y.
a moving average "averages" x observations / N time period ......21 SMA gives you the average price for 21 closing periods be it daily or hourly or perhaps monthly. EMA, WMA, are just more fancy ways to give more weight to the current period.
to answer your question I use the 21 SMA on my daily chart because there are 21 days approximately in a trading month (20,22 are other approximates that calculate your Monthly average price on a daily chart) a 24 SMA on an hourly chart would calculate a daily average, dropping the first observation in the sequence and incorporating the last. EMA,GAMMA, WMA are more fancy, mathematical ways to weight the average, some even get you not the arithmetic but the geometric mean etc..... its AVERAGE over N observations.
in conclusion...whatever setting you use, make sure YOU understand WHY you want those settings, why calculate the average closing price for 5,10,200 or 180 WHY? how is this information relevant to you?
5,10,20,21,50,180,200 is irrelevant....they are NOT dinamic support and resistance, they are NOT more effective at setting x as opposed to setting y.
a moving average "averages" x observations / N time period ......21 SMA gives you the average price for 21 closing periods be it daily or hourly or perhaps monthly. EMA, WMA, are just more fancy ways to give more weight to the current period.
to answer your question I use the 21 SMA on my daily chart because there are 21 days approximately in a trading month (20,22 are other approximates that calculate your Monthly average price on a daily chart) a 24 SMA on an hourly chart would calculate a daily average, dropping the first observation in the sequence and incorporating the last. EMA,GAMMA, WMA are more fancy, mathematical ways to weight the average, some even get you not the arithmetic but the geometric mean etc..... its AVERAGE over N observations.
in conclusion...whatever setting you use, make sure YOU understand WHY you want those settings, why calculate the average closing price for 5,10,200 or 180 WHY? how is this information relevant to you?
AVT INVENIAM VIAM AVT FACIAM
1