Moving Averages & Trendlines

by Rohan Khanna · Mumbai

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Two of the oldest tools in charting, taught without mystique. You will learn how moving averages are calculated, why traders watch the 20, 50 and 200-period lines, how to draw a trendline that means something, and — just as important — the situations where both tools mislead. Educational content throughout: concepts and worked examples only, with no recommendations of any kind.

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Book details

Format: PDF + EPUB
Pages: 252
Language: English
Publisher: Chartwell Learning
Published: 22 June 2025
ISBN (sample): 978-93-00000-02-4
Category: Technical Analysis

About the author

Former derivatives-desk trainer who has taught chart reading to retail learners for over a decade. Writes the way he teaches: slowly, with pictures.

Free sample

Chapter One — sample

Raw price is noisy. A stock jumps on a rumour at 10 a.m., gives it back by lunch, and ends the day almost where it began. If you watch every tick, you will feel every rumour in your stomach. The moving average exists to solve a human problem, not a mathematical one: it lets you see the drift of price without being whipped by every gust of wind.

The calculation is almost disappointingly simple. A 20-day moving average adds up the last twenty closing prices and divides by twenty. Tomorrow, the oldest close drops out and today's comes in, and the line moves — hence 'moving'. An average is just a smoothing line drawn through noise: each point on it is the market's centre of gravity for that window, and the slope of the line is the trend, made visible.

…continue reading in the in-browser reader after purchase — the full sample chapter is included free with the book.