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Worden Discussion Forum
Since Im not Bruce, he's the simple version.
vs a 104 simple on the 30 min chart you can see it bounce above during
bullish periods, bounce below during bearish periods, and split the line
during flat periods.
Oh they're all approximations.
It would be interesting to see the normal 8 daily EMA Bruce would normally write
using C, C1, C2 and so on.
Replace it with C, C13, C26, and so on. (each 30 min close should be what the daily is)
Put that on a 30min chart vs a 104 ema and see how well it does.
Is there a conversion formula I can use when I want to do this type conversion of moving average beween time frames? Regarda to all.
Typically its done by counts.
A daily 8 EMA is 8 bars.
A 30 min chart has 13 bars per day.
So a 104 EMA (8*13) on a 30 min chart is equivalent to a 8 EMA on a daily chart.
You could also use minutes.
8 EMA daily equals 3120 minutes. (8*390)
3120/30 min chart = EMA 104.
One problem with the hourly bar is it doesnt fit evenly into a trading day. (6.5 Hours)
Thats what I was looking for.
I knew it would need to be updated each month.
When I mentioned update I was thinking of a range
MAXH21.10 (whatever is needed to cover that trading day)
on the next trading day you make it:
MAXH21.11 and so on updating each day.
I was hoping date codes (like your PCF) would make it monthly updating vs daily.
This appears to work:
A little cumbersome but not too bad.
It plots and I can test against it.
Has a vertical look because its easier edit in a word document.
Can a PCF be made to calculate the middle price of last month?
As of today July/2017 Monthly (H+L)/2.
Using date code it would not update as the days change.
I dont want to plot it but would like to test against it.
For future months it would require updating the date PCFs.
Whoops wrong forum.
Should be PCF for version 17.
I would like to have a count (over 30 bars) of how many days
in a row the close was between standard 20,2 Bollinger bands.
If the close is outrside the upper or lower band it goes back to zero.
i know what it is, I just wanted to avoid going through the PCF.
What Bruce created looks better vs the actual Clear Method.