NO wonder ;No, it's that they don't work very well. However there is some merit in them as support/resistance from the 50-day and 200-day (not crosses). Also... the market takes on a rhythm at times where a different MA acts well as support........ (I've seen where the 150-day and the 400-day have worked well. Not many indications from them being so long term, of course.)
VectorVest. There is a fairly inexpensive trial.Can you recommend any backtesting software that's free or paid?
%%Don't trust anyone, learn how to test and then test yourself.
Even if someone looks like they know what they are talking about - still test it yourself.
Then test over multiple market cycles.
Just to show it's possible I coded a quick version.
It uses 10/100 fast/slow MAs and looks not too bad for last decade over NASDAQ100 stocks.
View attachment 235051
View attachment 235052
View attachment 235053
View attachment 235055
View attachment 235054
View attachment 235056
Val