Simple Moving Average (SMA)
Simple moving average of the chosen source, the plain average of the last N bars, used to read trend direction.
How to read it
- Price above the line suggests an uptrend, below it a downtrend.
- The slope shows trend direction; crosses of price and the line can mark changes.
- Smoother but slower than an EMA of the same period.
Key settings
- Period 9, source close.
- Line colour and width.
Good to know
- Drawn on the price pane, over the candles.