How to use SMA indicator in Fixed Time Trading on Olymp Trade Platform?


Meta Description: 

SMA or Simple Moving Average is one of the most widely used technical indicators in forex trading. It is a lagging indicator, which means it smoothens out price action and can help identify trends. In this blog post, we will show you how to use SMA indicator in Fixed Time Trading on Olymp Trade Platform.

Blog Post:

1. Go to "Indicators" under "Charts" on Olymp Trade Platform.
2. Select "SMA" from the list of available indicators.
3. Enter the parameters for the indicator - period, price field, apply to. 
  • Period refers to the number of candlesticks used to calculate the moving average.
  • Price field can be set to "Open", "Close", "High" or "Low". 
  • Apply to can be set to "Main Chart" or "Overlay".
4. Click "OK" to apply the indicator to your chart.
5. You will see the SMA indicator appear on your chart. Generally, if price is above the SMA, it indicates an uptrend. If price is below the SMA, it indicates a downtrend.

Conclusion:

SMA is a useful lagging indicator that can help traders identify trends in the market. In this blog post, we have shown you how to use SMA indicator in Fixed Time Trading on Olymp Trade Platform. We hope that you find this information useful and that it helps you in your trading!

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