The Best Moving Averages & Using Market Internals

During this discussion we talk about how the best moving averages for traders are simple moving averages (SMA), not exponential moving averages (EMA). More eyes at larger firms are on the simple moving averages and thats why they are more effective. The 200 / 50 / 20 SMAs are best used on the daily chart, 15 minute chart and 5 minute chart.

The market internals are $TICK, $ADD, and $VOLD. We discuss how using the $TICK indicator on trending days, entries can be nailed on /ES, SPX, or SPY — All trading instruments that track the S&P500. The same thing can be done with the /NQ, NDX, or QQQ. Custom coded scripts can be added to the internals quad to make it more powerful to visualize exchange level data.

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