|
PureBytes Links
Trading Reference Links
|
I think you can select N days equal to five and the result will give you
each data representing the first 5 days of the data range selected and the
succeeding groups of 5 days of data. Note this always uses five days of data
up to the final five or less days of data which is represented by the final
price bar. Note this allows by setting N to about 22 days to represent a
monthly chart of data.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
Sent: Wednesday, August 22, 2001 7:19 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Weekly/Monthly data
For weekly averages, we really need at each day a bar that shows the o h l c
for the past 5 trading days. Metastock only shows the Monday to Friday bar.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Simon Roberts" <Roberts@xxxxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, August 21, 2001 3:44 AM
Subject: Re: Weekly/Monthly data
> Sean,
>
> Interesting point. This reminds me of the arguments for and against
plotting
> a moving average where we commonly do so now. If considered logically,
and
> from the mathematical viewpoint of what the average represents, then the
> average should really be plotted at the point on the chart which
represents
> the mid point of the average, and not the last point, as common practice
> today, and since the beginning of charting.
>
> So for a 21 day simple MA you would plot it at the middle pont of the
> average, that is today minus 11 days.
> It of course raises more interresting questions as to where to plot
weighted
> averages, or exponentials. Presumably at the point representing the centre
> of gravity of the data, not the mid point. Not very mainstream, and not
> much help.
>
> So for weekly data, a more representative figure might be the close on
> Wednesday, or even an average of the weekly closes. However, usually a
> weekly figure is used where less information is needed, not more, hence
the
> close of the week.
>
> Simon
>
> -----Original Message-----
> From: Sean Taylor <cloudnine@xxxxxxxxxxxx>
> To: Metastock List <metastock@xxxxxxxxxxxxx>
> Date: 21 August 2001 01:35
> Subject: Weekly/Monthly data
>
>
> >Is anybody out there using weekly (or even monthly data)?
> >
> >It occurred to me that if using weekly data for a system, is it truely a
> >reflection of the weeks activity to go off the weeks close? Might it be
> >better to perform some sort of average on the weeks data to better
reflect
> >the weeks activity? i.e. the average close for the week.
> >Metastock takes the Friday close and uses this for weekly data.
> >
> >I raise this because I've come up with a system that works well on the
> >Russell 2000 weekly but not daily.
> >
> >It just seems that the data I'm basing the test off could vary as easily
as
> >an individual day.
> >
> >Thoughts?
> >
> >Thanks,
> >Sean
> >
> >
>
>
|