Technical_Analysis_page_324

Technical | Analysis page 324 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 14 Moving Averages 295 is greater than when it is smoothed over longer periods. Thus, the inherent whipsaws in short- term data become reduced over longer periods, and trend-following systems tracking longer trends have fewer unprofitable signals. Bands are more successful in trending…