Metastock users please take note of this:
I plotted a 20-period Modified Moving Average by Joe Sharp with the formula
given below and then plotted a 20-period Linear Regression indicator [
LinearReg(C,20) ] on top of it and found that they plot on top of each other
and the end values on the title bar are same.
Therefore, both are actually one indicator with different names.
{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);
So, why go through the hassle of plotting the above code for a 20-period MMA
when it can be easily plotted as LinearReg(C,20).
Any comments?
Arun
