Alternatives to the Moving Average
posted under
Philosophy of Technical Analysis
by ceecabolos
Moving averages don't work all of the time. They do their best work when the market is in a trending phase. They're not very helpful during trendless periods when prices trade sideways. Fortunately, there's another class of indicator that performs much better than the moving average during those frustrating trading ranges. They're called oscillators and we'll explain them in the next chapter.
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