Moving Average, referred to as MA, MA uses statistical analysis methods to average the security prices (index) within a certain period, and connects the averages at different times to form a MA is a technical indicator used to observe the trend of security price changes.
The moving average was proposed by the famous American investment expert Joseph E. Granville (Granville, also translated as Granville) in the mid-20th century. Moving average theory is one of the most commonly used technical indicators today. It helps traders confirm existing trends, judge upcoming trends, and discover trends that are overextended and about to reverse.
Commonly used moving average lines include 5-day, 10-day, 30-day, 60-day, 120-day and 240-day indicators. Among them, the 5-day and 10-day short-term moving averages are reference indicators for short-term operations and are called daily moving average indicators; the 30-day and 60-day short-term moving average indicators are called quarterly moving average indicators; the 120-day and 240-day moving averages are called quarterly moving average indicators. The long-term moving average indicator is called the annual moving average indicator. The examination of moving averages is generally carried out from several aspects.
So when doing intraday trading, you have to look at shorter time periods.