How we can find the trend which is short term, medium term,Long term trend whether it is using by moving averages or any other indicators.
I see lot of websites, apps softwares providing all these trends but I want to know whats the strategy behind this?
whenever I see the price action on chart first I want to know the where the price is whether its tending in short term, medium term or long term.
Please suggest in this .I search ,discussed with many but dint get exactly…thanks in advance
You simply use moving average like 20 EMA for intraday chart, 50 for swing, 100-200 for long term. You also need to see the slope of moving average that whether it is rising, falling or flat.
If the price is above Moving average and its slope is rising than it is in uptrend and when the price is below the MA and the MA line is sloping downward than it is in downtrend and when the price is just moving inbetween the MA line and the MA line is flat than market is sideways.
Try to use trendline and multiple timeframe analysis if possible .