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The Users Guide notes that initialization differs between certain moving averages in order to match Metastock's output. It does not describe what happens with each average but I presume that this is the basis for the differences.
Bill
----- Original Message -----
From: "discuslorraine" <nicolas.navet@xxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, November 05, 2006 1:40 PM
Subject: [amibroker] Re: MA : first value not computed ?
> Steve,
>
> Thanks a lot for your answer.
>
>> Does it *really* matter? You've got plenty of data to work with
>> and one data item in the beginning is not going to make the
>> difference of you being a successful stock market operator or not.
>
> Yes, you are right, in most cases we can surely live with that, it is
> just that I'd like to precisely understand how AB works before
> actually using it on-line.
>
> Note that however, you can lose more than one data, for instance with
> a TRIX, since it is actually 3 nested EMAs, you are losing 3 values
> (and so on, depending on the number of nested functions). In some
> cases, this could make some difference, for instance intraday data
> with 3 or 5 mn bars, incidentally the kind of setup I am interested in.
>
> Best regards,
>
> Nicolas
>
>
>
>
>
>
>> Nicolas,
>>
>> Does it *really* matter? You've got plenty of data to work with
>> and one data item in the beginning is not going to make the
>> difference of you being a successful stock market operator or not.
>>
>> Find your edges in the market, exploit them and manage them well.
>>
>> For example, I cannot tell you how many people I've met who, when
>> confronted with an opportunity to take their edge in the market in
>> real-time, place a limit order a tick or two away from where they
>> want to get in and then have the market promptly leave them in the
>> dust with a $200+ per futures contract opportunity lost. Meanwhile,
>> I have either bought the ask or sold the bid and have reacted to the
>> edge I see before me.
>>
>> It's the same thing. I'm not worried about losing a tick or two to
>> get into an edge and you should not be worried about one data item
>> in the beginning of a series throwing anything off, especially a
>> moving average.
>>
>> As far as Amibroker's T/A functions go, I understand that Tomasz has
>> to provide virtually the gamut of indicators built-in or order to
>> bring his product to market, but I just laugh and laugh at the
>> complexity of all of that in comparison to the piddly few moving
>> averages I use to successfully trade the ER2 futures contract.
>>
>> Technically, trading can be as simple or as hard as you want to make
>> it. The more your mind is geared towards math, programming,
>> intense analytical thinking, etc, the more complex your approach is
>> likely to be in applying a market edge. The more you just look at
>> where price has a greater likelihood of freedom of movement than
>> not, then (I believe) you will find that complexity in your trading
>> approach diminishes.
>>
>> Steve
>>
>
>
>
>
>
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