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Modified Moving Average by Joe Sharp vs Linear Regression Indicator of MetaStock
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Joined: 1/20/2007(UTC)
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I had actually posted this a few years ago but nobody commented on it.
I plotted a 20-period Modified Moving Average by Joe Sharp with the formula given below and then plotted MetaStock's 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.
Then I did the same with a 10-period MMA and a 10-period Linear Regression Indicator and they also plotted alike.
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
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Modified Moving Average by Joe Sharp vs Linear Regression Indicator of MetaStock
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