Skip to main content

SMA2

Type: sma2 • Category: indicators

Description​

Calculates SMA moving average based on price list (another instance)

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
pricestringPrice field to use to calculate SMA2no
timeperiodnumberNumber of periods to use for SMA2 calculationno30

Help​

SMA2

Description​

The SMA2 worker is an indicator used in financial analysis to calculate the Simple Moving Average (SMA) of a given price list. This worker is designed to provide a smoothed out view of the price action over a specified period of time.

What does this worker do?​

The SMA2 worker takes in a dataset of prices (dataExp) and calculates the SMA based on a specified price field and timeperiod. The SMA is a widely used indicator in technical analysis that helps to reduce the noise in price data and identify trends.

How to interpret the results​

The SMA2 worker generates a new dataset with the calculated SMA values. A higher SMA value indicates a higher average price over the specified period, while a lower SMA value indicates a lower average price. The SMA can be used to:

  • Identify trends: When the price is above the SMA, it may indicate an uptrend, and when the price is below the SMA, it may indicate a downtrend.
  • Provide support and resistance levels: The SMA can act as a support level when the price is above it, and as a resistance level when the price is below it.

Implementation​

To use the SMA2 worker, simply provide the required parameters:

  • dataExp: The prices data
  • price: The price field to use for SMA2 calculation
  • timeperiod: The number of periods to use for SMA2 calculation

Visualizing the SMA2 Worker​

For a visual representation of how to use the SMA2 worker, please refer to the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The Simple Moving Average (SMA) is a popular technical indicator used in financial markets to analyze price trends. It is calculated by taking the average of a specified number of past prices. The SMA is a lagging indicator, meaning that it reacts to price movements after they have occurred. However, it can provide valuable insights into the overall direction of the market and help identify potential trading opportunities.