On a 1-day real-time chart with a 30-minute VMA its hard to distinguish whether a VMA spike is relatively large or small. How can I determine this?
When trying to ascertain whether a VMA spike is significant or not, it is best to get a larger perspective on the current chart. By zooming out to a 5-day or 15-day chart and setting the VMA to 30 or 60 minutes, you will be able to get a better perspective on which VMA spikes are significant and which are not. For longer-term trading, using a 30-day or 60-day chart with a 1-day VMA can be very helpful in determining long-term trends in an index, and when it is likely that the index will reverse directions.
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