31/08/2022
👉🏽Moving averages add reliability to all technically-based day trading strategies and, in most cases, identical settings will work in all short-term time frames.
👉🏽5-, 8- and 13-bar simple moving averages (SMAs) offer perfect inputs for day traders seeking an edge in trading the market from both the long and short sides.
🧠 5-8-13 Moving Averages🧠
👉🏽The combination of 5-, 8- and 13-bar simple moving averages (SMAs) offers a perfect fit for day trading strategies.
👉🏽These are Fibonacci-tuned settings that have withstood the test of time, but interpretive skills are required to use the settings appropriately.
👉🏽It's a visual process—examining relative relationships between moving averages and price—as well as moving average slopes that reflect subtle shifts in short-term momentum
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