MA (Moving Average) means the average price over a specific time period. It helps to understand market trends (up/down).
You have 3 MAs on your chart:
MA(7): 1,815.07
MA(25): 1,809.63
MA(99): 1,796.45
How does MA work?
MA(7): The average price of 7 candles or time periods. Indicates a very short-term trend.
MA(25): The average price of 25 candles or time periods. Indicates a mid-term trend.
MA(99): The average price of 99 candles or time periods. Indicates a long-term trend.
Brief analysis:
When the price is above MA(7) and MA(25), the market is in an uptrend.
If the price is above MA(99), then the market is still relatively strong.
If the price goes below MA(7) and MA(25), the market may weaken in the short or medium timeframe.
On your chart:
The price is above MA(99) but has gone below MA(7) – meaning, there is slight weakness in the short term, but the long term is still okay.
Understand MA simply:
The smaller the MA, the quicker it will capture market changes.
The larger the MA, the slower and more long-term trends it shows.
By using three MAs, you can see all small/medium/large trends together.
