Using moving averages on Poloniex cryptocurrency trading platform


Today I’m going to show you how to use moving
averages on the Poloniex cryptocurrency exchange. If you haven’t watched my video about what
moving averages are, click the card here or in the video description to go in depth about
what a moving average is. Here you’ll see a chart for Monero vs. Bitcoin. Poloniex makes it very easy to add indicators
like moving averages. Just click the gear icon in the top left of
the chart. You have a choice of a simple moving average
or exponential moving averages. Simple moving averages just do a normal arithmetic
average of the previous data points. Exponential moving averages weight the newest
values higher than older values so it tends to be a bit more responsive to the current
price. Different trading strategies will use different
types of moving averages. Try them out for yourself to see the difference. The period is how far back in time the moving
average should look. The actual time length depends on what you
have your periods set to. For example, with a period of 2 hr on the
chart, and the period of the moving average set to 11 periods, the moving average will
look back 22 hours. With a period of 4 hrs on the chart and the
period of the moving average set to 11 periods, the moving average will look back 44 hours. Click the checkbox and the moving average
shows on the chart. To learn more about what moving averages are,
how they work, and how you can use them to know when to make trades (or not to make trades),
check out the video linked to at the end of this one and in the video description.

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