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Hi Jose
> How is it going with the advanced MetaStock manual?
> I'm full of admiration for anyone even attempting this massive task.
> :)
Bigger task than I thought. Can't think why I took it on now.
> "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.
Perhaps not be definition, but in practice it's still realistic place to start an EMA. (IMHO)
> "MetaStock and I agree :-)"
>
> That doesn't necessarily make the assumption correct.
I knew you'd say that.
> "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.
I would never trade something that close to the IPO so it's an academic issue for me. I'm
comfortable with the way I perceive the standard EMA make-up but what a dull world it would be if
everyone thought the same as me.
Regards
Roy
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