How-To-Setup Simple Moving Averages In Think Or Swim

*THINK OR SWIM How-To-Tutorial for setting up (SMA) Simple Moving Average.*

_This quick guide will help you setup SMA so you have an idea where to base your entry target when buying a stock._

This should get you close to the 200 EMA depending on how much consolidation is going on.

If a significant price increase through a Spike Up it may be lower than is possible or may take some time for the stocks to retrace. I’m this case you can take the high of the day and subtract the low and than divide the Sum by 2 and add the final sum to the low of the day.

I.e, $2.00H - $1.00L = $1.00.
Take the sum $1.00 / 2 = .50
Finally take the low $1.00 + .50 and your average is $1.50.

This is alternative to using Fibonacci to find your entry. Both work great however I’m a circumstance where you are trying to establish your entry price quickly or to know where the average strength exists and whether you may want to set alerts and take a pass and look for another stock. Ita merely to give you that rough idea and will help those of you new to trading to not chase stocks anymore by giving you an approach that has worked successfully for many traders over the years.