What are the different types of moving averages?
There are three main types of moving averages: Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA). Would you like to know more about each one?
Yes, please explain the Simple Moving Average.
The Simple Moving Average (SMA) calculates the average of a set of prices over a specific number of periods. It's useful for identifying trends.
How does the Exponential Moving Average differ from the SMA?
The Exponential Moving Average (EMA) gives more weight to recent prices, making it more responsive to new information compared to the SMA.
What about the Weighted Moving Average?
The Weighted Moving Average (WMA) assigns different weights to prices, allowing you to emphasize certain periods more than others, unlike the SMA.
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