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Modified Moving Average II
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| Added: July 19, 2007 |
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MetaStock, indicator
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Modified Moving Average
. To: <metastock@xxxxxxxxxxxxx>
. Subject: Modified Moving Average
. From: "Jeff Ledermann" <j.ledermann@xxxxxxxxx>
. Date: Sun, 20 Feb 2000 16:13:37 +1000
. Importance: Normal
. In-Reply-To: <008601bf6cd7$f6399300$5f1c4118@xxxxxxxxxxxxxxxxxxxxxx>
. Reply-To: metastock@xxxxxxxxxxxxx
. Sender: owner-metastock@xxxxxxxxxxxxx
For those around here wondering what that awful formula was, it's from the
Jan 2000 TASC describing a form of weighted moving average. Here's a 20 period
version I like.
Plotted against a 20 EMA it's immediately obvious that it has much the same characteristics
as its namesake, Guppy MMA. Maybe this isn't so surprising since in both cases
we're effectively comparing longer against shorter term MAs.
Have a look at the attached March Soybeans and check out the inflection points
in the Guppy MMA with the MMA-20 separation from the EMA. I think it's giving
a clearer signal. You may have been tempted to go long in late Sep based on
the Guppy MMA but the MMA-20 was still pointing hard down and didn't turn up
until the second (higher) low in early Oct.
I think current action resembles late August - triangle measurement gives target
near 541.
Cheers
Jeff.
Code:
Modified Moving Average II
{Modified Moving Average - TASC Jan 2000 by Joe Sharp}
n:=20;
tn:=Mov(C,n,S);
s1:=((n-1)/2)*C + ((n-3)/2)*Ref(C,-1) + ((n-5)/2)*Ref(C,-2)
+ ((n-7)/2)*Ref(C,-3) + ((n-9)/2)*Ref(C,-4)
+ ((n-11)/2)*Ref(C,-5) + ((n-13)/2)*Ref(C,-6)
+ ((n-15)/2)*Ref(C,-7) + ((n-17)/2)*Ref(C,-8)
+ ((n-19)/2)*Ref(C,-9) + ((n-21)/2)*Ref(C,-10)
+ ((n-23)/2)*Ref(C,-11) + ((n-25)/2)*Ref(C,-12)
+ ((n-27)/2)*Ref(C,-13) + ((n-29)/2)*Ref(C,-14)
+ ((n-31)/2)*Ref(C,-15) + ((n-33)/2)*Ref(C,-16)
+ ((n-35)/2)*Ref(C,-17) + ((n-37)/2)*Ref(C,-18)
+ ((n-39)/2)*Ref(C,-19);
tn+(6*s1)/((n+1)*n);
Author: Joe Sharp
Source: http://purebytes.com/archives/metastock/
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