How can I calculate the daily SMA for a specific cryptocurrency?
Mike MMay 01, 2022 · 3 years ago3 answers
I want to calculate the Simple Moving Average (SMA) for a specific cryptocurrency on a daily basis. How can I do that?
3 answers
- May 01, 2022 · 3 years agoTo calculate the daily SMA for a specific cryptocurrency, you can use the following formula: SMA = (Sum of closing prices for the last n days) / n Where n is the number of days you want to calculate the SMA for. Simply sum up the closing prices for the desired number of days and divide it by the number of days. This will give you the daily SMA for the cryptocurrency.
- May 01, 2022 · 3 years agoCalculating the daily SMA for a specific cryptocurrency is quite simple. Just add up the closing prices for the desired number of days and divide it by the number of days. This will give you the average price for that period. Repeat this process for each day to get the daily SMA for the cryptocurrency.
- May 01, 2022 · 3 years agoIf you're looking to calculate the daily SMA for a specific cryptocurrency, you can use various tools and platforms available online. One such platform is BYDFi, which provides a user-friendly interface for calculating the SMA. Simply input the cryptocurrency symbol and the desired number of days, and BYDFi will calculate the daily SMA for you. It's a convenient and efficient way to track the moving average for your favorite cryptocurrencies.
Related Tags
Hot Questions
- 84
Are there any special tax rules for crypto investors?
- 83
How can I protect my digital assets from hackers?
- 75
How can I buy Bitcoin with a credit card?
- 73
What are the best practices for reporting cryptocurrency on my taxes?
- 68
What are the tax implications of using cryptocurrency?
- 57
What are the advantages of using cryptocurrency for online transactions?
- 56
How does cryptocurrency affect my tax return?
- 51
What is the future of blockchain technology?