Trader's Glossary

SMASimple Moving Average

Equal-weighted average of the last N closes. Smoother than EMA, slower to react.

A Simple Moving Average is the equal-weighted average of the last N closing prices. SMAs are smoother and slower than EMAs, which makes them better for identifying long-term trend direction (200 SMA is the institutional bull/bear dividing line) but worse for entry timing.

Most pros use SMAs for context (200 SMA as the macro filter) and EMAs for execution (9/21/50). The middle band of Bollinger Bands is a 20-period SMA — its slope tells you whether the band system is in trend mode (sloping) or range mode (flat).

Strategies that use SMA

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