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Daily and Weelky moving averages Rate this Topic:
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nitpicker
Posted : Monday, September 03, 2018 3:35:28 AM
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Joined: 8/13/2018
Posts: 18

Hi Folks, 

I've read the book from Stan Weinstein 'For Profiting in Bull and Bear Markets'. There he described the 30 Week SMA for detecting the Stages. If I put in the 150 day SMA in my chart and switch to monthly the line of the SMA is very short. Isn't the 150 SMA the same like the 30 Week SMA? Am I wrong or is there another issue?

Thank you in advance, 

Steffen

 

nitpicker
Posted : Wednesday, September 05, 2018 1:05:02 PM
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Joined: 8/13/2018
Posts: 18

Has nobody an idea?

StockGuy
Posted : Wednesday, September 05, 2018 1:12:03 PM

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Joined: 9/30/2004
Posts: 9,129

No, on a monthly chart it would be a 150 month SMA.  You can plot a 30 SMA on a Weekly chart or a 150 SMA on a daily chart and they will be close.

nitpicker
Posted : Wednesday, September 05, 2018 2:11:23 PM
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Joined: 8/13/2018
Posts: 18

Sounds logic, thats my failure in thinking, but how Do I setup a 150 month in TC2000?

StockGuy
Posted : Wednesday, September 05, 2018 2:21:48 PM

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Joined: 9/30/2004
Posts: 9,129

That's what you said you did initially.  A 150 period average with the time frame set to monthly.

bcochrane
Posted : Wednesday, September 05, 2018 7:32:25 PM
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Joined: 9/17/2010
Posts: 446

If you put a SMA 50 on a daily chart, its really SMA 50 of 50 bars. When you switch to a Monthly chart, it's still 50 bars, but now each bar is a month. Ditto if you change time frame of chart to weeks, or hours.

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