How is crypto moving average calculated?
Could you please explain how the crypto moving average is computed? I'm quite curious about the mathematical process behind it. Is it simply an average of the closing prices for a specific number of days? Or does it involve more complex calculations? Also, how does the choice of the number of days affect the moving average? Could you elaborate on its significance in crypto trading? And finally, are there any specific moving averages that traders tend to favor? Thank you for your time and clarification.