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The easiest thing to do and with virtually identical results is to just deal
with daily data. If you are interested in a 9 week moving average, then use
avg(close, 45), since a week is 5 trading days. Yes, there can be anomolies
when you consider some weeks only have four trading days. Depending on what
you are looking for, this suggestion could be more reflective of what you
want than using weekly data, since weekly data sometimes has 3, 4, or 5
trading days.
If I am not seeing something important, I would appreciate comments from
others on the list.
Neil
| -----Original Message-----
| From: Sentinel Trading [mailto:rjbiii@xxxxxxxxx]
| Sent: Wednesday, August 05, 1998 3:53 PM
| To: Omega-List
| Subject: EL Data Compression
|
|
|
| Dose anyone have a method of compressing daily data into
| weekly within a system
| or indicator using the datacompression function. What I
| would like to do is be
| able to reference an indicator in two time frames. For
| example " if weekly
| avg(close,9) > weekly avg(close,9)[1] then begin"
| the rest of the system would reference daily data.
| As always any input is appreciated.
|
|
| "The darkest hour in any man's life is when he sits down to plan
| how to get money without earning it"
|
| Sentinel Trading
| rjbiii@xxxxxxxxx
|
|