No. of Recommendations: 9
Elan - A moving average cross graphically and mathematically denotes Slope change.
Not to me it doesn't, neither graphically nor mathematically (same thing). The 200DMA slope changes when it stops rising and starts falling. If yesterday's DMA value was lower than today's, it's rising. If yesterday's DMA value was higher than today's, it's falling.
There's another way of looking at it, which comes directly from the way moving averages are calculated. If today's index level is higher than its level 200 days ago, the 200DMA is rising. If today's index level is lower than its level 200 days ago, the 200DMA is falling. Mathematically.
Elan
