July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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MA Double Crossover
Whenever one MA line crosses another, it is referred to as a double crossover. This often signals the beginning of a new trend or confirms a reversal signal occurring at the same time or immediately before.
A bullish crossover is created when the fast MA crosses above the slow MA; a bearish crossover occurs when the fast MA crosses below the slow MA. Both forms of the double crossover tend to be lagging indicators, so they are more likely to work as confirming signals rather than as initial reversals.
An example of the double crossover forming as a bullish signal is seen in the chart in Figure 11.7. Although the downtrend preceding this is not long in duration or strong, three things occur at the same time. First is a convergence ...
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