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Tim,
I believe one of Omega's programs ( trade station or system writer ) has a variable speed moving average. It sounds like a great idea but in reality doesn't live up to expectations. In my opinion, unless you can stomach some hefty draw downs, moving averages are best used as a screen ( to take only the long trades or only the short trades ) for some other indicator or system. Can you be more specific about your intended use for such an average?
All the Best!
Bill
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From: Proeber, Tim
Sent: Thursday, December 18, 1997 3:46 PM
To: RealTraders Discussion Group
Subject: Dynamic Moving Averages
In the current Socks&Commodities, there is an article that shows a
"variable length moving average". This example uses a stochastic-type
reading to vary the length of the average.
Does anybody have any other thoughts about?
How about not varying the length, but adding or subtracting to the
average based on a %R or momentum indicator?
Tim
tproeber@xxxxxxxxxx
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