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RE: Is it the end of correction?
Hi Mr. Srezz, Thank you. Why you mostly use 34 for weekly WMA? why not 50 or something else? Is there a historical reason?
Hi Mr. Srezz, Thank you. Why you mostly use 34 for weekly WMA? why not 50 or something else? Is there a historical reason?
My 34 WMA is not isolated. It is a part of the dynamic golden ratio representation:
13/34 = 34/89 = 0.382
89/34 = 34/13 = 1 + 1 + 0.618
So, I use a bunch of WMAs - 13, 34 and 89.