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How can I calculate the daily SMA for a specific cryptocurrency?

avatarM.A RobDec 26, 2021 · 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?

How can I calculate the daily SMA for a specific cryptocurrency?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To 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.
  • avatarDec 26, 2021 · 3 years ago
    Calculating 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.
  • avatarDec 26, 2021 · 3 years ago
    If 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.