Indicators: SMA (Simple Moving Average)

In making an analysis, we need some indicators.
One of them is SMA ( Simple Moving Average).
SMA is the mean of the previous data from some period.
SMA can be calculated by:
SMA=(Cp1+Cp2+Cp3+..+Cpn)/n
Example:
Day 1 Closing price: 1.001
Day 2 Closing price: 1.001
Day 3 Closing price: 1.005
Day 4 Closing price: 1.010
Day 5 Closing price: 1.003
Then the SMA = (1.001+1.001+1.005+1.010+1.003)/5= 1.004

If you want to read additional information about SMA, click here.

To be continued...