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Hi Roy,
How is it going with the advanced MetaStock manual?
I'm full of admiration for anyone even attempting this massive task.
:)
"The average of one bar is not only possible but very precise, and
easy to calculate too."
Average definition:
"A mean proportion, medial sum or quantity, made out of unequal sums
or quantities."
An average of one value is just not an average in my humble opinion.
"MetaStock and I agree :-)"
That doesn't necessarily make the assumption correct.
"Your EMA varies from the MetaStock EMA for quite a few bars after the
first seven as well. Is that right or wrong, or just different?"
That's an easy one. Plot the two on a variety of charts, specially
one with large bar1~bar2 differences, and judge for yourself.
Personally, I trust my EMA to be correct because I fully understand
its construction, and it's fully transparent in its inner workings.
And as we both know, and contrary to popular belief, MetaStock is not
the last word when it comes to accuracy - look at the Linear
Regression issues.
Regards
jose
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