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Has anyone ever coded into an .ela or .els Marty Schwartz's Pit Bull Moving Average?
If so I'd like to get a copy.
The description is as follows. It appears pretty simple really. By the way Schwartz's book is a great read.
Schwartz calculates the 10-day moving average by hand every day (according to the book) by taking the last 10 days of the current SP500 future price and dividing by 10. You keep a running chart of it by taking the current 10 Day "Pit Bull" number that you calculated yesterday, multiplying it by 10, then adding today's closing SP500 futures price to that figure. You then count back 10 days starting with yesterdays SP500 close and subtract that number from the total. You then divide that figure by 10 and round up or down to the nearest10 Now you have the 10 Day "Pit Bull " moving average for today's trading action.
John
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