Adaptive Elastic Weighted MA
Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScript
Forum Discription: Technical discussion related specifically to the BullScript programming language.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=1020
Printed Date: 30 Apr 2024 at 6:03am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: Adaptive Elastic Weighted MA
Posted By: maximo
Subject: Adaptive Elastic Weighted MA
Date Posted: 19 Feb 2018 at 4:46pm
|
[Description="Adaptive Elastic Volume Weighted Moving Average"; Author=Max]
factor:=Input("Weighting ",14); [target=price] n:=ma(V,100,S)*factor; { 100 days volume } VWMA:= ((n-V)*PREV+(V*C))/n; [color=rgb(128,128,255); width=2] VWMA; [linestyle=pricecolor] [color=rgb(0,174,0)] if(C>=VWMA,1,0); [color=rgb(255,85,85)] if(C<VWMA,1,0); 
|
Replies:
Posted By: SayaPolo
Date Posted: 02 Apr 2020 at 3:30pm
|
Hi Maximo, Thanks you for posting the “Adaptive Elastic Volume Weighted
Moving Average” indicator. I have applied it on some charts and it looks very
promising. I am trying to create a scan
for stocks whose close crosses above this indicator. However in the Parameters area, Bull chart ask me
to use results #1,#2 or #3. Do you know what this means? Would appreciate very
much if you can assist me in creating a scan. Many thanks. Cheers. |
Posted By: maximo
Date Posted: 27 Apr 2020 at 2:05am
|
The #numbers apply to the use of indicator variables in sequence. You probably want to use a Close greater or less than #3 As a filter you could also try two or more Closes greater or less than #3 VWMA So a rule might be to exit on two red bars or re-enter on two green bars. #1 =factor #2 =n #3 =VWMA |
Posted By: SayaPolo
Date Posted: 27 Apr 2020 at 7:55am
|
Thank you Maximo. Will give it a try. Cheers, SayaPolo
|