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144 weighted moving average, what the significance?


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Guest backwardation

Can someone explain the significance of the 144 WMA.  It's a pretty disruptive line on any timeframe.  Unlike 'major' SMAs that act as support/resistance lines, the 144wma acts like a support/resistance as well as propelling the price sharply one way or the other.  

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Guest backwardation

But what makes it psychologically significant?  Its not a nice major number and not many people use it at all, a google search barely shows any results, unlike say 200 SMA. 

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5 hours ago, backwardation said:

Can someone explain the significance of the 144 WMA.  It's a pretty disruptive line on any timeframe.  Unlike 'major' SMAs that act as support/resistance lines, the 144wma acts like a support/resistance as well as propelling the price sharply one way or the other.  

Sometimes these odd number MAs have been derived from a larger time frame chart.

In the pic below are the M5 and H1 Dax charts, the H1 has a 20 period lwma which is a common use while the M5 chart has a 144 lwma, see how their positions roughly equate to the price on each of the charts. So traders on the M5 time frame charts will be seeing similar signals to those on the H1 charts.

image.thumb.png.93ce82382c0d6665f0db026a9a16d430.png

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