Is 200 EMA Still Relevant?

[notapro]

Is the 200 EMA Still Relevant? I am not seeing the draw when it comes to the 200 EMA, does anyone actually use it in their trading in 2023?

[lloyd80]

Yes, the 200 EMA is still relevant. It is used by traders as a general guideline to market health. I think there are still large numbers of investors with regular use it as an indicator, to me it seems old school, but it's popular regardless of what I think.

[mariobros]

Even in 2023, The 200 day EMA is a commonly used technical indicator by traders and investors. The 200 EMA is used to identify trends in the market and to determine the overall direction of an asset's price movement over a longer period of time. It's useless for day traders though.

While some traders may not find the 200 EMA to be useful, it can be a valuable tool for others when used in conjunction with other technical indicators and analysis. The 200 EMA can provide traders with a visual representation of an asset's long-term trend, helping them to identify potential buying or selling opportunities.

However, like any technical indicator, the 200 EMA should not be used in isolation, as it is just one of many tools available to traders. Traders should also consider other factors, such as market conditions, company fundamentals, news events, and risk management strategies when making trading decisions.

The effectiveness of the 200 EMA, like any other indicator, will depend on a trader's individual trading strategy and style. What works for one trader may not necessarily work for another and I don't see this doing anything for day traders at all.