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Maybe it's the Corona, but I think I'm on to something...<g>
If I got this right, no matter what day a week started or
ended on, beginning with the first trading day of each week
these indicators accurately show the static *weekly* moving
average on a *daily* chart, making it possible to do multiple
time frame testing with weekly ma's. (Hey, it's a start..)
You can
use the weekly ma's to determine trend, and daily ma's, MACD,
price...whatever, to enter...all on a daily chart. Let me
know if you find any errors, but I think it's clean. The only
downside is that it won't plot on the last day loaded since it
needs to look forward one day to determine end of a week.
One thing I noticed in the past is that sometimes Metastock
will
carry the decimal out 3 places on one time frame and sometimes
only two places on another time frame (at least on this
machine..my
new one's coming in about a week :-) ), resulting in an
occasional
minor (.02% ?) difference between the 50 week ma that's
plotted on a daily chart and a 50 period ma that's plotted on
a weekly chart.
Attached are 11 zipped indicator formulae. All will begin
with ~~ so
they'll be grouped together.
The indicator named "~~Wkly SMA's for DAILY Chart" takes a
LONG time to check things out if you edit the code or rename
it, so be prepared. It makes 8 fmlvar calls and some are
quite long. It plots fine speed-wise on the charts,
considering the number of calcs it has to do. Also, initially
be sure to select only 2,3,4,5,10,20,25, or 50 as the ma
periods, because those are the only ones I coded it for,
otherwise it won't plot. If anyone has a suggestion, comment,
or better way to do it, I'm all ears. I'd like to automate
some things to eliminate such lenthy code, but at the moment
nothing comes to mind.
Regards,
Ken
--
mailto:divenfish@xxxxxxxxxxxxx
Attachment Converted: "c:\eudora\attach\mtfMAs.zip"
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