GREY:MDCGF - Post by User
Comment by
kaiyneon Jul 14, 2010 8:44am
230 Views
Post# 17267883
RE: The trend
RE: The trendAnd how about the triple moving average crossover that just occurred, very bullish. It happened mid October and again in December last year before going to .80+
A moving average is an indicator that shows the average value of a security's price over a period of time. This type of event occurs when a shorter moving average crosses a medium moving average, and the medium moving average crosses a longer moving average. The moving average periods used for this event are 4, 9 and 18 price bars. When the 4 crosses above the 9, the event has "started". The event is "confirmed" when the 9 crosses above the 18. A bullish signal is generated when the direction of the crossovers is above; e.g. the shorter moving average crosses above the medium and the medium moving average crosses above the longer. A bearish signal is generated when the direction of the crossovers is below." | |