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sma2

SMA2​

Type: sma2 • Category: indicators

Description​

Calculates the simple moving average SMA based on a list of prices (another instance)

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno30

Help​

SMA2

Description​

The SMA2 worker calculates the simple moving average (SMA) of a list of prices over a specified time period. This indicator is commonly used in financial markets to analyze trends and make informed investment decisions.

What does this worker do?​

The SMA2 worker takes a list of prices and a time period as input, and returns the simple moving average of the prices over the specified time period.

How to interpret the results​

The result of the SMA2 worker is a value that represents the average price of the input list over the specified time period. A higher SMA value indicates an upward trend, while a lower SMA value indicates a downward trend. This indicator can be used to:

  • Identify trends: A rising SMA indicates an upward trend, while a falling SMA indicates a downward trend.
  • Provide support and resistance levels: The SMA can act as a support level in an upward trend, and as a resistance level in a downward trend.

Parameters​

The following parameters can be passed to the SMA2 worker:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 30
  }
}

Parameters List​

  • dataExp:
    • Type: string
    • Description: List of prices
  • timeperiod:
    • Type: number
    • Description: Time period over which to calculate the SMA
    • Default: 30

Example Use Case​

To calculate the 50-day SMA of a list of stock prices, you would pass the following parameters to the SMA2 worker:

  • dataExp: stock_prices (a list of stock prices)
  • timeperiod: 50

The SMA2 worker would then return the simple moving average of the stock prices over the past 50 days.