1st moving average is a Exponential Moving Average - designed to show short-term and medium-term trend quickly
2nd moving average is a Simple Moving Average - designed to show medium-term trend and less susceptible to fakeouts
3rd moving average is a long Simple Moving Average - designed to show the long-term trend and overall trend of the instrument
2nd moving average is a Simple Moving Average - designed to show medium-term trend and less susceptible to fakeouts
3rd moving average is a long Simple Moving Average - designed to show the long-term trend and overall trend of the instrument