This new buying takes prices up and away from the trend line and the further it moves up the more impressed the uncommitted become and more buyers come into the market.
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Chasing a market up or down can also offer the potential for greater risk and less return (see below).
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Different markets, different market cycles and different investor goals will determine the most appropriate time period for which to calculate the moving average.
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Whenever we talk of trend it has to be related to the context of time.
You repeat this simple calculation with each new piece of data.
The Trend Following Method A simple trend following method is to use a 9 period simple moving average of the closing prices and an 18 period moving average of the closing prices.