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  • Moving averages?

    Hello,

    I'm building some scripts to alert me on some scalps, and I've got the strategy nailed down - I'm just programming it - but I've just noticed a small detail is missing.

    EMA / MA - what number are these typically calculated off?

    Open, High, Low or Close? And on which side - the ask or bid?

    Because I'm getting different results to different platforms and I can't finish this piece off without knowing this.

    Thanks,
    J

  • #2
    Hi garbott, you can use EMA/MA with close setting. It's more accurate than other setting.

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    • #3
      ASK and BID are not part of the Moving Averages. It is only when you are buying and selling (Sendorder and Ordermodify)

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      • #4
        It's actually a simple indicator but not very accurate. I would suggest it for a beginner in any case, but necessarily in combination with one or two other indicators.

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        • #5
          Moving Average is a trend indicator that helps traders spot trading opportunities. It is the average of closing prices over a period of time.​

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