Technical indicators are fundamental part of technical analysis and are typically try to predict the market trend. Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an “overbought” condition or an “oversold” condition.
Technical Indicators
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Stock Analysis
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Hi,
This will be the appropriate answer for the question
What is Moving Average?:
Technical Indicator – Moving average works during trending & may not work during sideways Moving Average indicates the trend with the average price value for previous 21 days. The trend will be positive as long as the current price is above the average and negative when it goes below the average.
Yes my friend. What you were saying are all the characteristics of the Moving average. To my understanding number days could be any. I’m being just generic about my explanation.I Appreciate your insights.