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Hi Jim
I think Steve covered your situation with the piece of code he gave. It will work for both simple
and exponential moving averages.
There's an intersting aspect of exponential moving averages in that an EMA always moves toward the
price. Always. The length of the moving average is irrelevant. This means that you can accurately
predict whether the EMA will move up or down based on whether the new price is above or below the
existing (previous bar) EMA value.
So Steve's code could be rewritten like this for exponential moving averages.
If(C>Ref(Mov(C,40,E),-1), {bullish} +1, {bearish} -1);
This principle also applies to Wilders Smoothing, but not to simple moving averages.
Kind regards
Roy Larsen
www.metastocktips.co.nz
----- Original Message -----
From: "James Briggs" <jobriggs2@xxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Thursday, February 10, 2005 10:41 AM
Subject: [EquisMetaStock Group] Moving Average
>
> Need some help with a code to tell me when a Moving Average(price) is
> greater or less than previous period, i.e. 40 DMA today is > than 40
> DMA yesterday. I have all of Roy's MS T&T plus the manual so if this
> is discussed in either please point me in the right direction. thanks
> in advance.
>
> Jim
>
>
>
>
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