Jump to content
Sign in to follow this  

144 weighted moving average, what the significance?

Recommended Posts

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.  

Share this post


Link to post

It's one of those Psychological things. There's lot's of books on Trading Psychology. 

Share this post


Link to post

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. 

Share this post


Link to post
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

  • Like 2

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,743
    • Total Posts
      40,192
    • Total Members
      50,515
    Newest Member
    SixDTrader
    Joined 11/11/19 23:14
  • Posts

    • https://www.wsj.com/articles/frackers-prepare-to-pull-back-exacerbating-a-slowdown-in-u-s-oil-growth-11573478550
    • https://www.youtube.com/watch?time_continue=1&v=MJ5utsDHP1U&feature=emb_logo
    • It seems Natural Gas is moving towards the 2500 price area. This seems more likely than 3000 price area at this moment in time. However, Nat Gas, is one of the kings of volatility and it can sharply spike upwards on a moment of severe weather being forecasted which leads to more usage of heating and decreases the humongous supply glut in the US. 
×
×