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I find the 5.11 variable moving average to be the most effective MA,
followed by the time series. I look at the distance between the MA and Price
as Risk. A moving average that does not follow closely a trending stock, can
cause a loss of profit.
On the matter of system tests, their results are often a measure of mindset
of the tester. The stocks selected, the time periods chosen, the amount of
data used, the determination of "good" results is all dependent on the
tester.
the 5.11 version of VAR ( VHF for the volatility) can be used with this
example formula:
periods:=Input("periods",1,244,89);
VariableMA511( C , periods)
Richard Estes
http://www.intop.net/~restes/
-----Original Message-----
From: Angeles Cerdeira <ance@xxxxxxxxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Tuesday, March 03, 1998 9:11 AM
Subject: Re: Variable and Weighted MA´s
>I have been reading the past emails on the list and have noticed how
>many people seem to favour variable MA´s over weighted MA´s. Therefore I
>did some backtesting with a simple crossover moving average system using
>8 and 21 day variable(standard Metastock) and weighted MA´s.
>
>I tested this system on a variety of companies from different sectors
>over a four year period in which encorporated trending and non trending
>markets.
>
>The results were mixed. In some companies the variable MA was only
>slightly more profitable than the weighted MA whilst in others the
>variable MA was very unprofitable in relation to the weighted MA. The
>conclusion seem to be that there wasn´t any benefical use of the
>variable MA over the weighted MA.
>
>Any comments ?
>
>PAUL HARRIS
>paulangel@xxxxxxxxxxx
>
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