June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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Moving Averages
Although stock and commodity prices follow trends higher and lower, they can be quite volatile. For example, the long-term trend in stocks from 1982 through 2000 had been up, but medium- and short-term trends, such as the extreme events of October 1987, can move in exactly the opposite direction. To smooth out this volatility, the moving average is used. Often, it can take the place of trendlines.
This topic is included in this chapter because it is required for the explanation of further concepts.
Simple Moving Averages
There are several types of moving averages currently in use. The most basic is the simple moving average, which takes the prices from the previous user-defined number of periods, sums them up, and divides by ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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