Traders' Tips from TASC Magazine

Quicken Your Averages

To create the Modified Moving Average, as explained in the article "Quicken Your Averages" by Joe Sharp, in MetaStock 6.52 or higher, select Indicator Builder from the Tools menu, click New and enter the following code, according to the desired period.

Name: Modified Moving Average

For a 2 period average/p>

N:=2;
TN:=Mov(C,N,S);
s1:=((n-1)/2)*C+((n-3)/2)*Ref(C,-1);

y2:=TN+(6*S1)/((n+1)*n);

y2

For a 3 period average

N:=3;
TN:=Mov(C,N,S);
s1:=((n-1)/2)*C+((n-3)/2)*Ref(C,-1)+((n-5)/2)*Ref(C,-2);

y2:=TN+(6*S1)/((n+1)*n);

y2

For a 4 period average

N:=4;
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);

y2:=TN+(6*S1)/((n+1)*n);

y2

For a 10 period average

N:=10;
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);

y2:=TN+(6*S1)/((n+1)*n);

y2

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