SMA

Type: sma • Category: indicators

Description

Calculates the Simple Moving Average SMA based on a list of prices

Parameters

Name	Type	Description	Required	Default
dataExp	string	List of prices	no
usePrice	string		no	"close"
period	number		no	14

Help

SMA

Simple Moving Average Indicator

Description

The SMA (Simple Moving Average) worker calculates the Simple Moving Average based on a list of prices. This indicator is commonly used in financial markets to analyze trends and make informed investment decisions.

What does this worker do?

This worker takes a list of prices and calculates the Simple Moving Average based on a specified period and price type (open, high, low, or close). The result is a smoothed-out price series that helps to identify trends and reduce noise.

How to interpret the results

The SMA indicator can be used to:

• Identify trends: When the SMA is rising, it indicates an uptrend, and when it's falling, it indicates a downtrend.
• Determine support and resistance levels: The SMA can act as a support level in an uptrend and a resistance level in a downtrend.
• Generate signals: Crossovers between the SMA and the price can be used as buy or sell signals.

Parameters

The following parameters can be passed to the SMA worker:

Parameters Schema (JSON)

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "usePrice": {
    "type": "string",
    "enum": [
      "open",
      "high",
      "low",
      "close"
    ],
    "default": "close"
  },
  "period": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters

• dataExp:
  • Type: string
  • Description: List of prices
• usePrice:
  • Type: string
  • Enum: ["open", "high", "low", "close"]
  • Default: "close"
  • Description: The price type to use for calculations (open, high, low, or close)
• period:
  • Type: number
  • Default: 14
  • Description: The number of periods to use for the moving average calculation

By adjusting these parameters, you can customize the SMA indicator to suit your specific needs and trading strategy.