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Is it possible to use Displaced Moving Averages of the
Close (DMAC) with amibroker? Although it is a lagging
indicator it is forward looking..
To compute a 3x3 DMAC:
1. (close day#1 + close day#2 + close day#3) divided
by 3 = 3 MAC
2. 3 MAC is then moved to day#6 to become 3x3 DMAC
3. What we, ve done is to take the 3 MAC from day#3
and place it as the 3x3 DMAC for day#6.
A displaced moving average has a number of benefits
over that of non-displaced moving average. The main
benefit is that it does a better job ov visual
containment. It also keeps us much closer to the
price action than a non-displaced MA, because it is
projected forward in time.
Also is it posible to take the moving average of the
high and low, ie 4 Day Simple Moving Average Of the
Highs obtained in the last 4 bars, and 4 Day Simple
Moving Average of the Lows obtaine in the last 4 bars.
As you can tell I like to use Moving Averages in my
analysis..Thanks for such a great product Tomasz, and
a fantastic news group!!
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ZZ
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