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JMA also offers the "Phase" parameter which Jurik demonstrates using in crossover
systems, MACD, etc. Not owning the software, I can't speak authoritatively about
what this does, but it seems to have a different effect then just playing with the
lag period, and loooks very powerful.
Does anyone have any insight into this, and especially how one might achieve a
similar effect with T3??
> -----Original Message-----
> From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> Sent: Wednesday, March 21, 2001 2:32 PM
> To: prosys@xxxxxxxxxxxxxxxx
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: Tillman Moving Average, T3-"Jurik shows it comes the
> closest to JMA"
>
>
> At 1:16 PM -0500 3/21/01, M. Simms wrote:
>
> >Baloney....T3 is very slow reacting.......HIGH LAG !
> >The lookback length must be approximately HALF of that of the one used in a
> >JMA plot to come even close.
>
> At 12:30 PM -0700 3/21/01, Gary Fritz wrote:
>
> >That's because the "length" inputs do not mean the same thing on the
> >two functions.
>
> Gary is correct.
>
> The lag of the T3Average is a complex function of the input called
> "Period" so you have to experiment with the value to compare the lag
> vs smoothing. Just setting the inputs to the same value is not a good
> comparison.
>
> I have done extensive testing of these averages and believe that
> Tillson's T3Average is the best "free" average that I have seen to
> date when it comes to trading off lag and smoothing.
>
> Bob Fulks
>
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