Moving Average (MA)   Leave a comment

With 20 period simple moving average indicator, a breakout is considered to be a reliable breakout under following conditions:

1. During a bullish breakout, if  the price crosses the 20 period simple moving           average from below,the breakout is considered to be reliable.
2.During a Bearish breakout, if the the price crosses the 20 period simple moving average from above,the breakout is considered to be reliable.
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Posted April 15, 2015 by arjunlimbu

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