Metastock Indicator Formula |
Plotting Forward Days |
>I want an indicator that will project an exponential moving average into
>the next period (i.e., draw tomorrow's line). It would be really spiffy if I
>could pl ug in tomorrow estimated/projected close and be able to adjust
>the indicator based on various projected closes. --Steve Karnish
The formula below may be close to what you want, but it will not plot on the forward day. It will just plot the point where tomorrow's EMA would be. The equation is based on the MetaStock manual, page 459, concerning exponential moving averages. -- Chuck Wemlinger |
| Formula: |
TC:=Input("Tomorrow's close",0.001,1000,1);
MAP:=Input("Moving Average Period",2,144,55);
MA1:=Mov(C,MAP,E);
EPX:=2/(MAP+1);
MA2:=(TC*EPX)+(MA1*(1-EPX));
ValueWhen(1,Cum(1)=LastValue(Cum(1)),MA2) |
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