I view moving averages as possible areas of strong resistance and support (which was my focus on the previous post on this subject) but I also view these same moving averages as directional indicators. The direction can be up, down, or sideways depending upon the way each moving average is “stacked” on my charts. The move can last from days to weeks, and even months, depending upon the chart used (DAILY or WEEKLY). I can actually remove the candlestick chart from my platform software and be able to have a relatively good idea as to the price movement of the stock based solely on these moving averages. This is really nothing new but the way I color code the averages and use them in conjunction with the CROSSHAIRS is what makes them unique.
