Moving Averages are the most widely used and recognized indicators ... even if they are not used they are being put in indirectly in the most indicators. For example, a price channel is based on bollinger bands' calculation formula of calculating the deviation ... and this deviation comes from the center point which is a moving average in the middle of the bollinger bands ... this is a study of the moving averages by an expert analyst. Beginners will find it immensely useful.
http://www.woofiles.com/dl-305161-Yn...ngAverages.pdf