Support Board
Date/Time: Sun, 24 Nov 2024 14:11:41 +0000
Post From: TD Moving Averages
| [2013-11-03 01:17:35] |
| kona808 - Posts: 12 |
|
Hi, Thanks for your input. Aspects of that are correct, I was able to get something similar, although it needs some minor tweaks in terms of the conditions. - "Lower Moving Average" is bullish (green) and based on 5 SMA of the lows - "Upper Moving AVerage" is bearish (red) and based on 5 SMA of the highs - Both MA's extend 4 price bars ahead - There would only ever be one MA appearing at one time. For example. A low is higher than all 12 prior lows -> Bullish lower green TD MA appears based on the 5 SMA of the highs -> the bullish lower MA continues as long as price doesn't close below the MA and then reopen below it also, OR as long as price records a low above all 12 prior lows within the next 4 bars I've attached an image of the SPX daily with the MA's Drawn on as they should appear (note you can't see it extending 4 bars ahead due to the image too short. Appreciate any input, many thanks. |
 TD MA1.jpg / V - Attached On 2013-11-03 01:16:55 UTC - Size: 978.83 KB - 553 views Attachment Deleted. |