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Mahesh Moving Average, MMA, is a technical analysis indicator that unlike the other types of moving averages (Example: Simple moving average and Weighted moving average) uses the historical price and volume data in its calculation. Traditional moving averages calculate a bar's value using the close, volume and other time-series data of the last N-bars. The Mahesh Moving Average, however, uses the entire historical data of the security to calculate the average price.
The Mahesh Moving Average is implemented using the custom indicator plug-in. The function or indicator accepts one parameter, which is the period used to calculate what is called the TAQ or the Total Average Quantity (Average volume for the preceding bars multiplied by a number of days, which is the period you provide as a parameter to this indicator).
Generally, a 10-day MMA is used by trend followers to detect short-term trends and a 40-day MMA is used for long-term trends.
A stock or a security is considered to be in a bullish mode if the stock price is higher than both the 10-day and the 40-day MMA. It is in extreme bullish mode if in addition to the previous pattern, the stock's 10-day MMA is higher than the stock's 40-day MMA.
It is bearish, if the stock price is lower than the 10-day MMA and the 40-day MMA and extremely bearish if the stock's 10-day MMA is also lower than the stock's 40-day MMA.
You can get more information at the following link: http://www.iguidestocks.com/project/global/igs/mma1.html
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