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When someone wants to calculate a 30-day moving average of a commodity, do they mean 30 business days, or 30 calendar days? I'm looking for the general consensus, not "you could do it this way or that way".

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    $\begingroup$ lmgtfy.com/?q=moving+average $\endgroup$
    – wburzyns
    Commented Dec 3, 2011 at 0:24
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    $\begingroup$ IMHO this is a valid question for newbies. $\endgroup$
    – Gaurav Ramanan
    Commented Dec 20, 2014 at 15:02
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    $\begingroup$ why do you guys feel the need to be the smartest person in the room? this is a good question. i found it through google. $\endgroup$
    – user1130176
    Commented Apr 26, 2018 at 17:40

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Trading days..................

Days where there is pricing information.

Any moving average is a moving average of pricing information. Not the times where there can be no pricing information.

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