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Simple Moving Average (SMA) Explained. A simple moving average (SMA) is the simplest type of moving average in forex analysis (DUH!). Basically, a simple moving average is calculated by adding up the last âXâ periodâs closing prices and then dividing that number by X.
The moving average may be the most universal of all technical analysis indicators. While it is tempting to dismiss the moving average as antiquated its staying power is testament to its utility. Initially, the only type of moving average was a simple arithmetic average, easy to understand and quick to calculate.