[EquisMetaStock Group] Re: explanation of code

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Denis,

The code breaks down to 
Integer or whole number of the 
simple moving average of a 5 day close
divided by the 30 day average true range plus .5
(mov(c,5,s)/atr(30)+.5)
times
30 day average true range  
*atr(30)

Anytime you divide something and then multiply by the same thing you 
should question the benefit. In this case you would get a similar 
value by simply using Mov(C,5,S);
The plot produced by the two is very similar. 

Preston



--- In equismetastock@xxxxxxxxxxxxxxx, denishaines <no_reply@xxx> 
wrote:
>
> Could some one please explane the code below
> 
> Int(mov(c,5,s)/atr(30)+.5)*atr(30)
> 
>                         thanks DENIS
>




 
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