Recursive Moving Trend Average Oil Technical Analysis & Oil Trading Signals
This Indicator is calculated using a mathematical polynomial fit, the formula is referred as the Recursive Moving Polynomial Fit.
This formula used to calculate this indicator only requires a small set of previous data to calculate and predict the next direction of crude crude oil trading price movement. The example shown below shows two Recursive Averages combined to form a crossover oil system method.
Oil Technical Analysis & How to Generate Crude Oil Trading Signals
The best technical analysis technique is the cross-over technique where you can combine 2 recursive averages, such as the 14 & 21. When the 2 cross-overs each other upward then that is a bullish signal while a downward crossover is a bearish trading signal.
Buy Sell Oil Trading Signal
The Recursive Average looks similar to the traditional moving average, the only difference is that's much smoother due to the method of calculation that it uses and much less prone to whipsaws.