The Series of Technical Analysis Studies Chapter 1: “Simple Moving Average”

What is a Simple Moving Average?
A Simple Moving Average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then, dividing this total by the number of time periods. SMA is basically an average stock price over a period of time.

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The Series of Technical Analysis Tools Chapter 4: “Price Channel”

What is a Price Channel?
The price channels are basically two parallel lines, drawn above and below the price security. The upper line is set at the period high, and the lower line is set at the period low. So, for a 20 days price channel, the upper channel would be equal to 20 day high, and the lower channel would be equal to 20 day low.

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