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Bill, I avoid subscribing to any belief, as this tends to shut the
door to reality.
There are (sometimes complex/dynamic) seasonal tendencies at work in
most charts, but they probably differ from one security to the next.
Beware of looking for seasonal biases in small time periods, as these
are usually not reliable and are also too small to trade successfully.
Check out the "Profit - seasonal" indicator from
http://www.metastocktools.com/#metastock
Keep in mind that seasonality works really well until it fails.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, bill rook
<zipple_acre_udder@xxx> wrote:
>
> Hi Jose
>
> Do you subscribe to the belief that bullish trading days occur at
> the end and the beginning of the month? As per Gary Smith
>
> Regards
>
> Bill
>
>
> Jose Silva <josesilva22@xxx> wrote:
> John, the code below plots exactly the same signals:
>
> ---8<------------------------
> ema:=Mov(C,30,E);
> C>ema
> AND Sum(ema>Ref(ema,-1),2)=2
> AND Ref(ema,-2)<Ref(ema,-3);
> ---8<------------------------
>
> Reiterating Roy's post, an exponential MA will always tick up when
> the price is above it. With this in mind, a plain price/EMA
> crossover will plot similar signals:
>
> ---8<------------------------
> ema:=Mov(C,30,E);
> Cross(C,ema)
> ---8<------------------------
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "johnnic1948" <johnnic@>
> wrote:
>
> Would someone please be kind enough to confirm that the following
> simple code does what I want it to do?
>
> If the closing price crosses above the 30 week EMA or is already
> above the EMA, and the EMA has turned upwards, then.....
>
> The code I have written is:
>
>
> (Cross(C,Mov(C,30,E)) OR C > Mov(C,30,E))
>
> AND
> (Mov(C,30,E) > Ref(Mov(C,30,E),-1)
>
> AND
> Ref(Mov(C,30,E),-1) > Ref(Mov(C,30,E),-2)
>
> AND
> Ref(Mov(C,30,E),-2) < Ref(Mov(C,30,E),-3));
>
>
> Even if it is correct, is there a more elegant way of achieving the
> same end?
>
> Thanks
>
> John
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