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Re: [EquisMetaStock Group] Moving Average



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Roy, Thanks. Interesting and I will save this for future reference.
 
Jim
 
On Thu, 10 Feb 2005 13:51:03 +1300 "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx> writes:
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





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