Registered User Joined: 6/28/2017 Posts: 68
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Hi Bruce,
A few questions:
(With no offset) is there inherently less lag with the Triple Exponential Moving Average compared to the Double?
I'm looking for the least 'laggy' MA (other than the Hull) that I can place on charts and adjust periods easily. I'm currently using the Hull MA with OK results, but if I can get contrasting information in a separate chart, it might be interesting.
I created a TEMA using the Help page, and put it to Offset -1 to see if it would work. It doesn't blow up, anyway (lol). The formula I used is:
3 * XAVGC20.-1 - 3 * XAVG(XAVGC20.-1, 20) + XAVG(XAVG(XAVGC20.-1, 20), 20)
If I changed the -1 to -3 (or even -10) does it become less laggy? Will it give accurate results or will the program 'govern' it if my formula becomes too outrageous?
Given that I'm looking for the least lag possible, is there any advantage to using the DEMA over the TEMA?
Is there any MA that is less laggy than the Hull?
Can I adjust the Hull formula to be less laggy?
I've read a little about Bill Williams' Alligator Indicator. Is that available in TC2000? If I use 2-3 TEMAs of various periods, would I be simulating it anyway?
Thanks in advance for your answers.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I am pretty sure what you are intending as offset parameters is just subtracting one from the value instead. I don't think there is any way to provide for a negative offset within the formula itself.
You can apply a 1-period moving average to the Custom PCF Indicator and then set the offset to -1 to get the desired result.
I really can't make recommendations as to specific indicators to use. You might want to take a look at the following discussions of lag efficient averages (probably focusing on bustermu's posts).
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 6/28/2017 Posts: 68
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Thank you, Bruce.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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