PureBytes Links
Trading Reference Links
|
--- In Metastockusers@xxxxxxxxxxxxxxx, "Henry Z Kaczmarczyk"
<henry1224@xxxx> wrote:
> --- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> > [from April's Activetrader magazine]
> >
> > 100*[{EMA2(EMA1(mtm))}/{EMA2(EMA1(|mtm|))}]
> >
> > where:
> > mtm = one day momentum
> > |mtm| = absolute value of one day momentum
> > EMA1 = longer term EMA [60 bars, for example]
> > EMA2 = shorter term EMA [5 bars, for example]
> >
> > Any criticisms on this?
>
> here is your indicator
>
> MTM:=C-Ref(C,-1);
> A1:=100*(Mov(Mov(MTM,5,E),60,E)/ Mov(Mov(Abs(MTM),5,E),60,E));
> A1;
>
> I think it is a little choppy in a sideways market
>
> Henry
If you smooth the indicator, you get a smoother indicator but still
it still has trouble in choppy markets, so compare it with an ADX
set to 15 periods and look for divergences between the peaks and
valleys
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|