The Moving Average (MA) is one of the many types of technical analysis indicators. Technical Analysis is a trading methodology engaged when attempting to verify the viability of a given investment opportunity through analysing both price and volume action over a given period of time. For effective and accurate evaluation of these trends, technical analysis employs a variety of tools otherwise known as indicators. In terms of functionality, a moving average may be defined as a lagging indicator that utilises past prices to forecast future trends. It is expressed as a curve that simulates price bearing on the trading chart. It however has a regular motion that does not put into consideration minute price changes. Features of The Moving Average There is a variety of parameters that are to be considered when setting up a moving average. They include: Timeframe A trader can either go long or short depending
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