The answer is yes… The moving average is an undeniable trading tool as it comes to the trend identification, its inception, development and its termination. It best identifies the steepness of a trend and its inflexions across the time frames.
Consider that the optimal choice of a moving average (single or in group) depends on the financial instrument (more or less volatile), operational time frame used and the studies of its fluctuations using progressive setting values.
The optimal setting value is detected by considering multiple choices. The most appropriate value is when the moving averages serves as support, resistance or reversing point. It’s a heresy to use the same value day-after-day without checking it out before. For expediency purposes we use the pivotal moving averages calculated after the floor pivot formula (H+L+C)/3.