3 moving average crossover strategy
The 3 moving average crossover strategy is a forex trading strategy that is basically used to generate signals for trading. This 3 moving average crossover strategy takes three different strategies for the generation of the signals on the chart. The lengths of the three moving averages are also required in this strategy.
Purpose of 3 moving average crossover strategy
These three moving averages as the strategy name indicates are the 10-day, 30 day and the 50-day EMA. These three moving averages are used for different purposes. Here we will tell you about the each function of three moving averages. The 10 day ema can be used for the momentum of the indicator and the 30 day ema tells about the values of the chart in a value zone. The 50 day ema can be used for the long term trading purposes. The 3 moving average crossover strategy ca also be used to get know about the market trends. This can tell about that either the trend is going up or coming down.
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