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Registered User
Joined: 3/30/2005
Posts: 18
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Hi ya. 
I'd like to do this:
"The [TRIN] Index is usually smoothed with a moving average. I suggest using a 4-day moving average for short-term analysis, a 21-day moving average for intermediate-term, and a 55-day moving average for longer-term analysis." -- Arms Insider
Is there anyway with TC2005 that I can plot the $TRIN data smoothed with a 21-Day SMA? Any help would be great. Thanks for your time.
Cheers. 
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Registered User
Joined: 3/30/2005
Posts: 18
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Hmmm...okay...typo in the title. Should be "smoothing". Two "o"'s. 
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Once it's plotted on your chart ($TRIN), you can plot any number of moving averages to show smoothed versions. Right click on the indicator, choose Add Indicator, and select Moving Average. Choose your period. If you plot all three averages, make sure to plot them in different colors.
I found that it helps to view this with a line chart (just my preference). Use CTRL-B to toggle your price bars to a line chart.
- Doug
Teaching Online!
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Registered User
Joined: 3/30/2005
Posts: 18
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QUOTE (Doug_H) Once it's plotted on your chart ($TRIN), you can plot any number of moving averages to show smoothed versions. Right click on the indicator, choose Add Indicator, and select Moving Average. Choose your period. If you plot all three averages, make sure to plot them in different colors.
I found that it helps to view this with a line chart (just my preference). Use CTRL-B to toggle your price bars to a line chart. Ah...I see...so you're saying that simply adding a moving average to the price data IS the smoothed version of said data. Correct? So if a add a 20 Day Simple Moving average to any chart, that 20 Day SMA represents the price data smoothed by the SMA. Right? Have I got that?
For some reason, I was thinking is was different. Hrmm...what the heck was I thinking about.
*ponders*
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Correct! Sometimes we can't see the forest for the trees! We all get caught in the forest from time to time!
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here are some videos to check out when you get a chance:
Understanding Moving Averages - Part I, The Basics
Understanding Moving Averages - Part II, Using Multiple Averages
- Craig
Here to Help!
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