Moving average and candlestick charts. What to take as a basis for a moving average?

Question

Fintech

In articles on technical analysis, there are candlestick charts, which are accompanied by moving averages (hereinafter referred to as "MA"). Meanwhile, I have never seen any explanations on what numbers these SSs are built on. It is clear that you need to take a series of prices of a certain length and calculate the average. Then move one step forward and calculate the average again. Etc.
But the problem is that the candle on the chart covers four different prices - the open price, the close price, the low and the high. Which of these prices is used for SS? Or is some average value calculated for each candle, and this average value is already involved in the formation of the MA?

Answer 1

Usually the closing price is used.