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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
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
