Traders often use moving averages to confirm a stock’s trend before entering a new position.
You can reference multiple moving averages in a scanner automation using a simple decision recipe.
If you only need to reference one moving average, you can always check a symbol’s price relative to a single moving average.
You can setup a moving average trend decision to quickly evaluate a moving average. Simply add an additional decision recipe to reference another moving average simultaneously.
You can use this decision recipe in a variety of ways to maximize an automation’s functionality.
For example, if a symbol’s price is not above its 200-day SMA, you can then check if it is at least above its 30-day SMA before moving through the automation editor.
In addition to referencing a ticker’s price relative to a moving average, you can also compare multiple moving averages to one another.
Automation gives you so many different ways to trade using multiple moving averages.
You always have complete control over your bots so that you can customize any strategy with as much detail as possible.
And the best part? The autotrading platform does it automatically, so you don’t have to worry about tracking different tickers and indicators. Let your bots do it for you!