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Which Moving Average is Best?

From newtraderu.com

Moving averages are not predictive they are reactive to price action. They show trends on charts when they go vertical and can show that price is in a range when a moving average is horizontal. Moving averages are technical trading tools. The answer to “Which moving average is best?” is the question “What’s your time frame?” Traders react in different time frames using the chart length for the time period of their trade. Scalpers will focus on 1-minute charts and lower, day traders commonly trade on 5-minute and 15-minute chart setups. A combination of the 5, 10, and 20-minute moving averages can be a great place to ... (full story)

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