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Werner, you may want to take a peak at the dynamic indicators in
http://users.bigpond.com/prominex/pegasus.htm#metastock
In particular, "Dynamic Mom Index", "EMA-RSI", "EMA-Volume" and
"EMA-Volatility". If there is enough demand, I'll code a
variable-period EMA based on ATR volatility.
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, WKRAG@xxxx wrote:
> Good day,
>
> it has always bothered me to use a "fixed length" for Moving
> Averages or just about any other indicator.
> I find lots of discussions on why a 10-day, 20-day or whatever day,
> Indicator is the best (or not best). In my opinion there is NO
"best"
> lookback period.
> What I am looking for is some kind of DYNAMIC ADAPTATION.
> Sometimes the short ones work well (in choppy markets), sometimes
the
> long ones work well (in trending markets).
> BUT...
> Can we go beyond this profane conclusion?
>
> Is there any way (or at least idea) on how to choose a better method
> to select the lookback period?
> I was thinking of this: If the Average True Range (ATR) is high,
> select a shorter period, this way you quickly adapt to large moves
> without overshoot.
>
> If the ATR is low, select a longer period to avoiid getting
> whipsawed.
>
> BUT, I still need to make that arbitrary decision on the lookback
> length. Any better (or more rational) way for DYNAMIC ADAPTATION?
>
> WErner
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