Single Moving Average

Period: 10

The moving average is one of the most popular indicators. During the period defined, the average price of each bar or candle is calculated and plotted on the chart. On every candle, a new average price is calculated, which becomes a line when plotted on a chart, hence the name “moving average line.”.

The moving average is used as a trend following indicator.

A rising moving average line indicates a bullish trend, while a falling moving average line shows bearish trend. A price that is above the moving average indicates a bullish trend, whereas a price that is below the moving average suggests a bearish trend.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.