Live Data Library Sample
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Live Data Library Sample
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Exponential Moving Average 20 Length | Weekly (Test)
Description: An Exponential Moving Average measures the average Bitcoin price, but different from a simple moving average it gives more weight to recent price action.
This EMA is displayed on a weekly time frame, with a length of 20 meaning is tracks the average over a period of 20 weeks.
How to Use: As long as Weekly candle bodies close above this moving average, we can consider it a healthy retest.
This can help you to determine possible scale in points during a bull market when the candles touch the line.
The line is also useful in many cases to determine the beginning of the bear market. A breakdown of this moving average at the end of the cycle has typically marked this.