Momentum Further Resources Macro-economic charts See current charts and analysis of economic indicators, such as GDP, CPI, etc. Moore Historical Reports Chart books providing historical price analysis, seasonality and trading strategies for cattle, hogs and lumber. 0930233514 Click here to see entire catalog.
Trend is a term used to describe the persistence of price movement in one direction over time.
Trend indicators smooth variable price data to create a composite of market direction. Because moving averages tend to lag behind current prices, a change in direction in a moving-average is a strong indication of a change in price. A moving average plots the average of a chosen price over a defined period of time as a line on a chart. The most common value to use is the close. The period of time can be from 2 bars to an infinite number of bars.