Maruti, Infosys among Most Active Stocks – Learn to Calculate Average Price over Certain Number of Data Points
In the morning trade on Monday, it was observed that ICICI Bank, Maruti Suzuki, State Bank of India and Infosys are among the most active stocks in terms of value on NSE. There are several other most active stocks in terms of value on NSE. Some of them are Tata Motors with the value of Rs 104.24 crore and Reliance Industries with the value of Rs 99.09 crore. Among the list, Titan Company, HDFC Bank, Kotak Mahindra Bank, Axis Bank, Tata Steel and Ashok Leyland are included.
On 2nd April, the domestic equities opened on a firm note. Today is also the first trading day of the new financial year 2018-19. Sensex went over 100 points to 33,000 level amid positive global cues. If you are the one, who has just started intraday trading or share market trading and looking forward to an understanding of some technical strategies then you have reached the right post of the internet. In this post, you will also learn the implementation of Triangular Moving Average in order to generate accurate intraday tips by knowing the average price over a certain number of data points.
Triangular Moving Average is also known as TMA. Alike other moving average technical indicators, this technical indicator also shows the average price over a certain number of data points. However, this indicator is different from other moving averages. It is because the TMA smoothes the average price twice. This means that TMA is averaged twice. A triangular moving average can be estimated with the use of several input data, like the price of stocks, volume, or other technical indicators.
Generally, the triangular moving average is applied to the price of the stocks by technical analysts. The moving average places price bar on top of the chart. If the TMA is applied to the volume or any other indicator then they are placed on top.
Those of you, who are a week in mathematics, need not have to worry about trading software and charting packages calculate everything accurately for you. Also, remember that not all chart platforms have a Triangular Moving Average indicator. Hence to see whether your chart has this indicator or not, you need to open the chart and search for it. If you are not able to find Triangular moving averages then try to apply normal moving average.