As simple to use it as any other moving averages, e.g. SMA, follows the trend and filters out the noise.
Minimalist parameter set:
- Period: number of calculated bars; the larger, the smoother (default: 63, minimum: 4)
- MA method: use LWMA or EMA (default: EMA)
- Price: applied price (default: Typical)
- Shift: shift right for prediction purpose (default: 0)
Although moving averages are fundamental to many technical analysis strategies, you ought to combine it with other tools to trade successfully.
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