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hi
cud u share the formula for Sigma bands for MS if u have made any..
Thnx in advance
cya
--- In equismetastock@xxxxxxxxxxxxxxx, weerayah velawan
<vela007_2000@xxxx> wrote:
> Thank you very much Preston
>
> I am going to give it a try. Actually I am trying to
> emulate the Sigma Bands in the following website:
>
> www.mktcycles.com
>
> It seems to be a very good indicator to predict market
> trend. If I ever manage to produce the Sigma Bands
> with metastock, I would share it with everyone in this
> group . This groups has definetely enhanced my
> knowledge in Metastock.
>
> Thank you again
>
> Regards
> Velawan
> --- pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> > velawan,
> >
> > I did an internet search and this is what I found.
> >
> > SINCE YOU MENTIONED HURST:
> >
> > What are centered moving average projections? This
> > technique was
> > taught by Hurst 30 years ago. It requires a charting
> > program with the
> > capability of offsetting moving averages in time. It
> > involves first,
> > identifying the cycle you want to measure by looking
> > at past patterns
> > using envelope analysis. Then take a simple moving
> > average equal to
> > the length of the cycle and center it in time by
> > dropping it back
> > half the number of days (hours, weeks, etc.) in the
> > moving average.
> > Next do the same with a moving average equal to one
> > half the length
> > of the cycle, i.e. drop it back in time by 1/2 the
> > length of the
> > moving average.
> > Next take out a colored stock proctoscope, otherwise
> > known as a
> > marking pen, and draw extensions of the moving
> > averages on your
> > computer screen, fitting the projections to the
> > price action beyond
> > the end of the moving averages. Where the two lines
> > cross is the
> > halfway point of the move. Calculate the number of
> > points to the
> > price high or low preceding the projected crossover.
> > Theoretically,
> > the move should continue for the same distance
> > beyond the projected
> > crossover.
> > Finally, get a clean piece of toilet paper, spit on
> > it, and wipe off
> > your computer screen. (The marker, remember?
> > Actually, instead of the
> > marker, you can use the line drawing tool. On
> > livecharts, just draw
> > the chart twice, leaving the first line on the
> > screen when you draw
> > the second one with the other moving average.)
> >
> >
> > NEXT AN INTERESTING DISCUSSION OF MOVING AVERAGES
> > HERE:
> > http://www.adblue.de/cqg/movings.htm
> >
> >
> > SO WHAT IS A CENTERED MOVING AVERAGE?
> >
> > Centered Moving Average
> >
> > With quarterly data a four term moving average
> > cannot be centered
> > properly. This is handled by a process known as
> > centering. The
> > moving average for the third quarter is calculated
> > by summing
> > quarters 1 through 4 and 2 through 5 and dividing
> > the total by 8.
> >
> >
> > A pretty good discription and seems pretty easy.
> > Here's a shot at a 4
> > day centered moving average:
> >
> > {1-4}(REF(C,-4)+REF(C,-3)+REF(C,-2)+REF(C,-))+
> > {2-5}(REF(C,-3)+REF(C,-2)+REF(C,-1)+C)/8
> >
> > This is not very eloquent but it does make the
> > point...that is you
> > would be a day behind!
> >
> > Here's some more to think about.
> >
> >
> > Detrended Price Oscillator
> > The Detrended Price Oscillator is a technical
> > indicator that smoothes
> > the trend in prices. When price is detrended using
> > the detrended
> > price oscillator, many technicians believe that
> > cycles and overbought
> > and oversold levels can be more easily identified.
> > The principal is
> > similar to using longer length technical indicators
> > rather than
> > shorter length technical indicators. It removes some
> > of the 'noise'.
> > To calculate the detrended price oscillator an
> > x-period moving
> > average is centered. This is done by shifting the
> > moving average back
> > [(x/2) + 1] period. This centered moving average is
> > then subtracted
> > from the close. Because it is set up as an
> > oscillator, it will cross
> > above and below zero. The last [(x/2) + 1] period
> > will have no value.
> > This is because the detrended price oscillator is
> > shifted back [(x/2)
> > + 1] period. The detrended price oscillator may
> > recognize underlying
> > cyclical movements in price.
> >
> >
> > Notice in the description above that the last period
> > has no value.
> >
> > Hope all this helps...certainly was thought
> > provoking!
> >
> > Preston
> >
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, weerayah
> > velawan
> > <vela007_2000@xxxx> wrote:
> > > Hi All
> > >
> > > Does anyone now the formula for Centred Moving
> > > Average? If I am not mistaken it was used by Mr.
> > Hurst
> > >
> > > Thank you and regards
> > > velawan
> >
> >
> >
>
>
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