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Hi Roy:
Yes, that is exactly what I meant to say.
So in Metastock, when you switch from daily charts with plotted moving
averages to weekly charts, are the moving averages accurately plotted
on the weekly charts?
Also, are the formulas on your site for weekly moving averages the
"real thing"?
Thanks again Roy.
Shelley
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxx> wrote:
>
> Hi Shelly
>
>
> >At the risk of appearing a few bricks short of a load, I also want to
> confirm that, for example, a 5 week moving average is equivalent to a
> 50 day moving average. Specifically, is a day period ma always times
> five to equal a week period ma?
>
> Did you mean a 25 day moving average?
>
> It's a common misconception that a 5 week MA is the same as a 25 day
MA (or 10 week is equal to 50 days etc.). This is not the case. If you
want to use a 25 day MA as a proxy for a 5 week MA then that is OK,
but do understand that it is only an approximation, not the real
thing. There are many "weekly" formulas for daily charts that are just
approximations. Some are nearer to the real thing than others, but
some don't even come close.
>
> The real thing won't necessarily make you any more money but it does
accurately represent what you would see on a weekly chart if you
switched to weekly periodicity.
>
>
> Regards
>
> Roy
> www.metastocktips.co.nz
>
>
>
> [Non-text portions of this message have been removed]
>
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