That's not really correct. The origin of the GC actually came from just 50 /200 MA's (moving averages). It's up to the user as to what style of "averages" they wish to use. WMA's , SMA's , MA's or the most popular EMA's.
But I do agree with Wedgeman, the EMA's offer the most detail and decisive movements for the PA.
Cheers.
IMUGENE CHART. TA only, page-28572
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