Re: eVWMA (June 2001 TASC)

[Herman van den Bergen <psytek@xxxxxxxx>]

You may have had some trouble with the eVWMA formula, here is what I think
is the correct formula, if you are using Reuters (V/100) data:

n:=Input("Enter the number of shares:",1000000,1000000000,1000000);
eVWMA:=((n-V)*PREV+(V*C))/n;
eVWMA

With stocks with wide ranging historical volumes (like the QQQ) you might
want to try this formula:

Pd:=Input("Sum Volume for periods: ",2,300,10);
n:=Sum(VOLUME, Pd); 
eVWMA:=((n-V)*PREV+(V*C))/n;
Mov(eVWMA,5,E);

It will give you a more consistence performance if you adjust periods to
suit your stock.
 
Anybody using it on EOD data? I can't get it to do much better than EMAs or
T3s.
I would like to hear your assessment...

Best,
Herman.