Because whatever type of MA you use: Simple,Exponential,Linear-weighted,Smoothed,or other, it is calculated on a base data which ,in MT4 atleast, can be:
- Median -> (High+Low)/2
- Typical -> (High+Low+Close)/3
- Weighted (H + L + C +C) /4
- Or other
All variations can be used for various types of strategies however the most basic is the CLOSE and the MEDIAN
And this is my dilemma, because the CLOSE looks only at the final price of a candle, while the MEDIAN calculates in the wicks too.One can say that the wicks are only noise, so the CLOSE must be the better one, but not always, sometimes the wicks can hint of the future direction, so it may be a mistake to use the CLOSE.It is a big dilemma nontheless...
So in the debate between CLOSE PRICE vs MEDIAN PRICE which one do you consider more important ?
Let us analyze this carefully, and debate this because this is an important question for all MA users our there, so please share your thoughts and opinions !