For this GBPUSD 4 Hour Chart IMHO obviously you need to DOUBLE the previous parameters to generate a useful operative chart
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Disliked{quote} excellent Helioss ! I have many ideas about what to program about Hurst Peter Amaral of TradingFive was my initiator about the use of Centered Moving Averages {image}Ignored
DislikedHey guys. How's it going? So I thought I'd share some things I gathered from the posts and screenshots so you'll let me know where I've gone wrong and point me to the right direction.Cheers!Ignored
Disliked{quote}
Envelopes:
1- Basically envelopes are used to smooth price fluctuations. Give us a sense of relative magnitude of price movement. We use them to know the relative upper and lower limit of price. Zones of overbought, oversold. Giving us an idea of price range (depending on the timeframe it's used on).
2- Price fluctuates within the envelope and tends to go towards its center; centered moving average in the middle of the envelope.
So it's better to trade towards that average, that center.
3- Envelopes and the direction they're...Ignored
DislikedI had no idea there is so much behind moving averages. Having to read each post multiple times to fully grasp everything.Ignored
Disliked{quote} Fuseb, Moving Averages are a very rich and simple technical tool at the same time. It was the first "indicator" used in Technical Analysis. There is much more to ay aboout MA'sIgnored