我们知道，移动平均线（Moving Average）有很多变化，例如：
We know that there have been many changes in the moving average line, such as:
简单移动平均线
Simple Move Average Line
加权移动平均线
Weighted moving average line
HUll移动平均线
Hull Move Average
Arnaud Legoux移动平均线
Arnaud Legoux Move Average Line
那么，指数移动平均线（Exponential Moving Average,EMA）有什么特别之处呢？
So, what's so special about the index moving mean line?
最重要的是，指数移动平均线使用什么周期是最佳的呢？
Most importantly, what is the best cycle to use for the index moving average?
文//Jet Toyco 资深交易员
Man//Jet Toyco Senior Dealer
本篇文章我们来一起聊聊“指数移动平均线”的问题。
This article brings us to the question of “the 什么是指数移动平均线以及它与简单移动平均线（SMA）的不同之处 What's an index moving mean line and what's different from a simple moving mean line (SMA)? 毫无疑问，简单移动平均线的计算很简单。 There is no doubt that the calculation of a simple moving average line is simple. 第1步：根据你选择的时间段确定收盘价 Step 1: Set collection prices according to the time period you choose 例如，你在每日时间范围内使用10个周期的简单移动平均线。 For example, you use a simple moving average line for 10 cycles within a daily time frame. 确定过去10个交易日的收盘价。 Determines the collection price for the past 10 trading days. KIRK股票每日时间范围内的过去10个收盘日： KIRK The last 10 closing days of the day: 第2步：添加所有收盘价 KIRK每日时间范围内所有收盘价的总和： The sum of all collected prices within the daily time frame of 如你所见，将最后10个烛台的所有收盘价相加得出13.26。 As you can see, all closing prices for the last 10 candlesticks were added to 13.26. 然后接下来…… And then... 第3步：除以你选择的周期 Step 3: divide by the cycle of your choice 基本上，我们将13.26划分为10（这是你选择的移动平均周期）。 Basically, we divide 13.26 into 10 (this is the average mobile cycle you've chosen). 得到1.33的简单移动平均线值。 A simple moving average line value of 1.33 was obtained. KIRK每日时间范围内的最终移动平均值： 这是不是很简单？ Isn't that easy? 那么，指数移动平均线怎么样？ So, how's the index moving average? 公式要复杂得多。 The formula is much more complex. 这种公式的目的是赋予指数移动平均线更多的“权重”并与当前价格反映，使其不再是“滞后”指标。 The purpose of such a formula is to give more “weights” to the average line for moving the index and to reflect current prices so that it is no longer a “delayed” indicator. 你可以在这里清楚地看到它们的区别。 You can see the difference clearly here. KIRK每日时间范围内的EMA和SMA差异： KIRK daily time-frame differences between EMA and SMA: 为什么你使用指数移动平均线导致亏损 Why do you use the index moving mean line to cause a loss 当我第一次了解技术指标时，我完全被它们逗乐了。 When I first learned about technology indicators, they made me laugh. 曾经以为只要在交易图表上添加了这些指标，就能够让我在交易中无往不利，市场就应该向这些指标低头认怂。 It was thought that the addition of these indicators to the trade chart would do me no harm in the transaction, and the market should look down on them. 然而事实是…… But the truth is... 指数移动平均线等技术指标不是万能的水晶球，而是分析工具！ Technical indicators such as moving average lines of the 工具有什么作用？ What does the tool do? 它们可以辅助你使某些事情变得更容易并顺利完成任务！ They can help you make things easier and do things well! 指数移动平均线也是如此。 The same is true of the average moving line of the index. 你必须在不让自己的分析和交易太过于复杂的前提下使用该指标，并在适当的时候使用它们。 You must use this indicator without allowing your own analysis and transactions to be too complicated, and in due course. 然而，许多交易者以错误的方式使用指数移动平均线，例如…… However, many traders use index averages in the wrong way, for example... 将该指标与其他相关指标一起使用 uses this indicator together with other relevant indicators 很抱歉地告诉你，图表上的交易指标越多并不能保证你的交易就能盈利。 I'm sorry to tell you that the more trading indicators on the chart does not guarantee that your deal will be profitable. 以MACD为例。 Take MACD, for example. 将它与指数移动平均线一起使用是非常违反直觉的。 It's very intuitive to use it in conjunction with the index moving mean line. 为什么？ Why? 因为MACD只是指数移动平均线公式的组合！ Because the MACD is just a combination of index-moved average line formulas! 欧元/美元每日时间框架的MACD公式： MACD formula for Euro/dollar per day time frame: 因此，如果图表上的指数移动平均线显示看涨信号，而MACD指标显示看跌信号……这个时候你会感到无所适从。 So, if the average line for moving the index on the chart shows a sign of upswing, and the MACD indicator shows a sign of downswing, then you'll find it difficult at this point. 那你该怎么办？ What are you gonna do? 很简单，为一个目的选择一个指标。 It is simple to select an indicator for one purpose. 如： For example: 趋势过滤器的一项指标 An indicator for trend filters 一个入场触发指标 An entry trigger. 一个指标来确定你的初始止损 An indicator to determine your initial stoppage. 一个指标来确定你的追踪止损 An indicator to determine your tracking stop. 我将在后面的部分中对此进行更多解释，但现在，请记住这一点： I will explain this more later, but remember this now: 一个目的。 A purpose. 一指标。 One indicator. 指数移动平均线旨在用于趋势市场条件。 The index moving average is intended to be used for trend market conditions. 为何如此？ What about ? 因为当你在区间市场中使用该指标时…… Because when you use this indicator in the interzone market... 无论使用的参数是10、20、50、200周期EMA，都没有关系。 It does not matter whether the parameters used are 10, 20, 50 and 200 cycles of EMA. 在加元/瑞郎日线图上使用EMA： uses EMA: on the Canadian dollar/Swiss-swiss-swiss-line map 因为价格会一次又一次地不遵循和忽视它们。 Prices will be ignored and ignored over and over again. 相反，仅在受遵从的地方使用指数移动平均线，即在趋势市场中。 Instead, the index moving average is used only in the subject area, i.e. in the trend market. 在欧元/美元日线图上的趋势市场中使用EMA： uses AMA: in the trend market of the euro/dollar line 你能看到差别吗？ Can you see the difference? 很明显，对吧？ It's obvious, isn't it? 然而，这还不够。 However, that is not enough. 因为交易者在使用指数移动平均线时犯的另一个错误是…… Because another error that traders make when using the index to move the average line is... 在波动趋势上使用较短的周期 uses shorter cycles on fluctuations 我知道，很多人喜欢尝试不同的指标设置。 I know that a lot of people like to try different indicator settings. 而且我知道你可能没有耐心处理长期交易。 And I know you may not be patient with long-term deals. 所以你会怎么做？ So what would you do? 你倾向于在1分钟时间范围内“剥削”市场或使用非常短的指标参数，例如5和10周期指数移动平均线。 You tend to “exploit” the market within a one-minute time frame or to use very short indicator parameters such as moving average line. 但有时，即使在趋势市场中使用它，它也会弊大于利。 But sometimes, even when it is used in trend markets, it is bad . 印度卢比/美元日线图上波动趋势市场中的短期EMA： Short-term EMA in the volatile trend market on the Indian rupee/United States dollar line: “什么？我认为指数移动平均线最适合用于趋势市场？” “What? I think the average index movement line is best used for trend markets?” “为什么还是不行？” "Why not?" 让我们分解这里发生的事情。 Let's break down what's going on here. 你使用的是较短周期的指数移动平均线。 You use the average moving index line for a shorter cycle. 同时，你在一个震荡的市场中交易。 At the same time, you deal in a concussioned market. 这不匹配，不是吗？ It doesn't match, does it? 当市场波动时，你不应该使用更长的周期吗？ Shouldn't you use a longer cycle when markets fluctuate? 印度卢比/美元日线图内波动趋势市场中的长期EMA： Long-term EMA in the market for volatile trends in India/United States dollar sun charts: 当市场呈抛物线时，使用更短的周期？ When markets are parabolic, use shorter cycles? 美元/土耳其里拉日线图上呈抛物线趋势的短周期EMA： / Short-cycle trend of parabolic lines in Turkey liras 现在好多了。 It's better now. 所以在这一点上，我敢肯定你现在有这个迫切的问题： So on this point, I'm sure you have this urgent question now: “使用哪个指数移动平均线周期？” “What index moves the average line cycle?” “我应该使用69周期指数移动平均线吗？” "Shall I use the 69-cycle index to move the average line?" “72周期怎么样？哪个最好？” “How's the 72nd cycle? Which is the best?” 接下来我们要详细讨论这个问题…… We're going to discuss this in detail. 如何知道该使用哪个指数移动平均线周期 如果我要写一篇文章：有史以来交易中被问到最多的10个问题…… If I'm going to write an article: the top 10 questions in a deal I've ever heard... “哪个指数移动平均线周期是最好的”这个问题肯定会进入列表。 The question of “which index moving average line cycle is the best” will certainly be included in the list. 然而，即使我给你答案，也不会对你的交易产生任何改善。 However, even if I gave you an answer, there would be no improvement in your deal. 为什么？ Why? 因为你太关注“什么”是最好的周期，而不是“为什么”你应该使用某个周期。 Because you're too concerned about what's the best cycle, not why you should use one. 这意味着你应该了解这个概念的背景，并自己选择一个你认为与自己的交易方法相关的指数移动平均线周期。 This means that you should understand the context of the concept and choose for yourself an index-movement average cycle that you think is relevant to your own trading methods. 开始此操作的最佳方法是了解你要捕捉的趋势的特征： The best way to start this operation is to understand the characteristics of the trend you want to capture: 弱趋势 Weak trends 良好趋势 Good trends 强劲趋势 Strong trend 然后找到“适当的”指数移动平均值来捕捉这些类型的趋势。 The “appropriate” index moving averages are then found to capture these types of trends. 让我演示给你看… Let me show you... 弱趋势 这些类型的趋势本质上是长期趋势，波动性很大，并且有很多看起来像这样的洗盘： These types of trends are inherently long-term, highly volatile and there are many washing dishes that look like this: 欧元/日元日图上的弱趋势： Weak trends on the euro/Japanese yen map: 同样，如果我们使用较短的指数移动平均线周期（例如10和20周期），这没有意义，对吧？ Similarly, if we use shorter index moving average line cycles (e.g. 10 and 20 cycles), that makes no sense, right? 欧元/日元日图内呈弱势趋势的短期EMA： Short-term EMA: in the 相反，如果你想驾驭疲弱（但长期）的趋势，你希望使用100到200周期的指数移动平均线周期。 On the contrary, if you want to manage a weak (but long-term) trend, you want to use 100 to 200 cycles of index moving average cycles. 欧元/日元日图内处于疲软趋势的长期EMA周期： Long-term EMA cycle with a weak trend in the euro/Japanese yen map: 我之所以说介于两者之间，是因为无论你选择120、199还是123周期都没有关系，但概念是周期足够大以捕捉这些类型的趋势。 I say in between because it is irrelevant whether you choose 120, 199 or 123 cycles, but the concept is that cycles are large enough to capture these types of trends. 是否明白？ Do you understand? 良好趋势 good trends 良好趋势或中期趋势适合寻求缓慢但稳定收益的交易者，尤其是趋势追随者。 Good or medium-term trends are appropriate for traders seeking slow but stable returns, especially for those following the trends. 欧元/日元每日时间框架的良好趋势： good trends in the daily time frame of the yen: 作为一个趋势追随者，看到良好的趋势是开心的，应该好好利用！ As a follower of trends, it's good to see good trends, and they should be used! 尽管如此，使用50到100区间的周期指数移动平均线来捕捉良好趋势是一个“有意义”的做法。 Nevertheless, the use of cyclical index moving mean lines between 50 and 100 to capture good trends is a “meaning” approach. 欧元/日元日线图中处于良好趋势的中期EMA周期： Medium-term EMA cycle in good trend in euro/Japanese yen line: 强劲趋势 强劲的趋势主要是被许多交易者和媒体炒作的市场，以及许多新交易者加入的市场。 The strong trend is mainly the market that has been exploited by many traders and the media, as well as the market in which many new traders have joined. BTCUSD日图上的强劲趋势： Strong trend on BTCUSD: 这些短期趋势不应被视为交易机会，因为它们可能随时反弹和逆转。 These short-term trends should not be seen as trading opportunities, as they are likely to rebound and reverse at any time. 但是，作为动量交易者，你可以通过使用10到20之间的指数移动平均线来充分利用这一点。 However, as a moving trader, you can make full use of this by moving the average line using an index between 10 and 20. BTCUSD日图上呈强劲趋势的短期EMA周期： Short-term EMA cycle with a strong trend on BTCUSD: 根据上面所述，选择自己使用哪个指数移动平均线周期的客观方法。 On the basis of the above, an objective method of choosing which index moving mean line cycle is used. 同样，你要确定要捕捉的趋势类型并为它们使用相关时期。 Similarly, you have to identify the types of trends to capture and use the relevant periods for them. 这时候你可能会想： That's when you might think: “嗯，听起来不错，但你并没有真正教会我应该如何使用指数移动平均线来进入我的交易。” "Well, that sounds good, but you haven't really taught me how to use index-mobile averages to get into my deal." 你说得对！ You're right! 但是到目前为止，你学到的所有内容都归结为下一部分。 But so far, everything you've learned has come down to the next part. 这就是——如何准确地使用指数移动平均线来入场和出场。 This is how the index moving mean line is used accurately to get in and out. 如何像专业人士一样使用指数移动平均线 对于大多数交易者来说，指数移动平均线只是过滤和退出交易的常规指标。 For most traders, the index moving average is only a regular indicator of filtering and exiting transactions. 我将与你分享该指标的通用性以及仅使用这一个指标就足够了 I'll share with you the generality of the indicator and the use of this indicator alone. 如何使用指数移动平均线作为趋势过滤器 how to use index moving mean lines as trend filters 这可能是使用指数移动平均线最流行的方式。 This may be the most popular way to use the index moving mean line. 但很少有交易者问的一个问题是： One of the questions that few traders ask is: 你真的需要趋势过滤器吗？ Do you really need a trend filter? 答案是肯定的！ The answer is yes! 什么时候？ When? 如果你打算在外汇市场上同时进行多头和空头交易。 If you want to do multiple and empty transactions simultaneously on the foreign exchange market. 使用EMA作为英镑/美元日线图上的趋势过滤器： uses AMA as a trend filter on the Pound/United States dollar sun map: 基本上，无论你想做多还是做空，使用趋势过滤器都可以成为你的主要“按键”！ Basically, using trend filters can be your main key, whether you want to do more or not! 如何使用指数移动平均线进行交易 how to use index moving mean lines for trading 请注意，我在本指南中如何强调价格应该遵从指数移动平均线？ Please note, how can I emphasize in this guide that prices should follow the index moving average? 这正是可以客观地为你交易入场计时的地方，因为指数移动平均线是贯穿不同趋势类型的“价值领域”。 This is where it is possible to count objectively the entry of your transactions, as the average line for moving the index is the “value area” that cuts across the different types of trends. 那么你如何准确地入场呢？ Then how exactly did you get in? 首先，等待价格收于指数移动平均线下方，该指数移动平均线已被遵从至少两次。 First, it has been observed at least twice while waiting for the price to fall below the average moving index line. 纽元/美元日图上的20周期EMA中的两个测试： Two tests in the 20-cycle EMA on the 等待价格收于指数移动平均线上方。 Waiting for prices to be charged above the index moving average. 在纽元/美元日图上，价格收于20EMA上方： 然后在下一个烛台开盘时入场交易。 Then we'll start the next candlestick and start trading. 在纽元/美元日线图上，价格收于20EMA下方： on the NZ$/US$ sunline map, at a price below 20EMA: 是不是非常简单和客观？ Isn't it very simple and objective? 如何使用指数移动平均线退出交易 how to exit a transaction using an index moving mean line 指数移动平均线最好的部分是它是一个非常通用的工具。 The best part of the average index movement is that it is a very common tool. 这意味着你入场交易的方式可能与退出交易的方式相同！ That means you may enter the deal the same way you exit the deal! 这就是简单地等待价格收于指数移动平均线之外。 This is simply waiting for the price to be collected outside the average index movement line. 美元/南非兰特日图内的20EMA追踪止损： /20EMA tracking damage in South Africa. 这使它成为可靠的追踪止损，因为你不会限制自己的利润。 This makes it a reliable trace stop, because you don't limit your profits. 但话又说回来…你应确保自己想要捕捉什么类型的趋势，然后以此为基础，再使用指数移动平均线进行追踪止损。 But then again... you should make sure you want to capture the type of trend and then use it as a basis for tracking the damage using the index moving average. 在强劲的市场中使用指数移动平均线 uses an index moving mean line in a strong market 市场状况一直在变化。因此，并非所有策略都始终有效！ Market conditions are changing. So not all strategies work! 当你处于连续亏损状态时，不要问自己： When you are in a continuous state of loss, do not ask yourself: “我在指数移动平均线中使用的技术是否有效？” “Is the technology I use in the index moving mean line effective?” 你应问自己： You should ask yourself: “我目前在正确的市场条件下交易吗？” "Do I trade under the right market conditions?" 因为有时不是技术和指标不起作用，而是市场状况本身！ Because sometimes it's not technology and indicators that don't work, but market conditions themselves! 你可能想知道： You might want to know: “很不错，那我如何找到与指数移动平均线交易的强劲市场呢？” "It's good. How can I find a strong market for trading with the index moving average?" 让我演示给你看。 Let me show you. 外汇市场 Foreign Exchange Market 如果你在外汇市场交易，需要考虑使用货币强度计。 If you deal in the foreign exchange market, you need to consider using a monetary intensity measure. 它会告诉你哪些货币对是强弱的，以便你可以将它们“配对”在一起进行交易。 It will show you which currencies are strong and weak so that you can trade them together. 如你所见，最强的货币对是日元和瑞郎货币对，而最弱的货币对是纽元和英镑货币对。 As you can see, the strongest currencies are the Japanese yen and the Swiss franc, while the weakest are the New dollar and the pound sterling. 因此，你可以考虑交易GBPJPY或NZDCHF。 So you can consider trading GBPJPY or NZDCHF. 股市 与外汇市场不同，股票市场有数千种股票可供选择。 Unlike foreign exchange markets, stock markets have thousands of options. 所以在这种情况下，我强烈建议你使用免费的筛选工具，例如 Finviz。 So in this case, I strongly recommend that you use free screening tools, such as Finviz. 这一点我们在此前的文章中已经讲过，这里就不再赘述。 We have already said that in previous articles, and we will not dwell on it here. 结论 与简单移动平均线相比，指数移动平均线的计算更具相关性，并且对当前价格具有更大的权重 The calculation of the average line for moving the index is more relevant than the simple moving average and has greater weight for current prices 当使用趋势交易指数移动平均线并且不将其与相关指标一起使用时，你几乎可以立即找到更好的结果 When the trend-trading index is used to move the average line and is not used in conjunction with the relevant indicator, you can almost immediately find better results. 你在指数移动平均线上选择的时间段应取决于自己希望捕捉的趋势类型（强劲趋势、良好趋势、弱趋势） The length of time you select on the average index movement line should depend on the type of trend you wish to capture (strong trends, good trends, weak trends) 指数移动平均线是一种通用的技术交易指标，用于过滤趋势、入场交易和追踪止损 The index moving average is a common technology transaction indicator used to filter trends, enter-and-go transactions and track losses 希望你能从今天的指南中学到一些对你交易有益的东西。那么，我想要问你的问题是： I hope you'll learn something from today's guide that's good for your deal. So, I'd like to ask you the question: 你使用过哪些不同类型的移动平均线？ Which different types of moving mean lines have you used? 你通常使用什么周期参数是什么？ What cycle parameters do you usually use? 可以在下面的评论区让我知道！ You can let me know in the comment area below! 点击下方“阅读原文”立刻开启您的2022年交易之旅。 Click below to read the original text to immediately open your 2022 trade trip. 本文首发于微信公众号：交易员说。文章内容属作者个人观点，不代表和讯网立场。投资者据此操作，风险请自担。
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