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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Adjusting TSA, MA, BBands, LinReg, & MACD from Daily to 2-day, 3-day, Weekly Charts

Adjusting TSA, MA, BBands, LinReg, & MACD from Daily to 2-day, 3-day, Weekly Charts Rate this Topic:
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Wgca
Posted : Friday, May 18, 2007 8:07:10 PM
Registered User
Joined: 10/7/2004
Posts: 5
 Is it necessary to adjust the above indicators set for a daily chart when switching to a 2-day, 3-day, etc. chart? It seems to me you have to in order for the readings to be consistent with the daily chart.

For example:

Daily Chart: MA20 TSA10 BBands 20 20 LReg36 7 30

2-Day Chart: MA10 TSA5 BBands 10 10 LReg18 3 15

In other words, is a 20-day MA ALWAYS a 20-day MA or is it now a 40-day MA with a 2-day chart? Should't these indicators be adjusted proportionately?

Thanks for the help!
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Bruce_L
Posted : Monday, May 21, 2007 11:26:11 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Charted indicators are based on bars, not days.

The trainers cannot give settings, interpretation or investment advice. That said, the reason I change to something other than Daily charts is to get a perspective in something besides a Daily time frame. If Indicators were in days instead of bars, I could not do this as effectively because the indicators perspective would not change with the time frame.
-Bruce
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Michaelc1507
Posted : Monday, May 21, 2007 11:39:23 AM
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Joined: 12/3/2006
Posts: 278
 Sorry Bruce - I'm kinda slow - would you please elaborate on the above question, last sentence, where it starts "In other words... Thanks - Mike
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Bruce_L
Posted : Monday, May 21, 2007 11:45:05 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Michaelc1507,
A 20-Period Moving Average is a 20-Day Moving Average on a Daily Chart.

A 20-Period Moving Average is a 20-Bar Moving Average on a 2-Day Chart (not a 40-Day Moving Average).

A 20-Bar Moving Average on a 2-Day Chart is constructed from 20 closing prices (sampled once every two days).

A 40-Day Moving Average would be constructed using 40 closing prices (all of this assumes Simple Moving Averages).
-Bruce
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Michaelc1507
Posted : Monday, May 21, 2007 12:22:57 PM
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Joined: 12/3/2006
Posts: 278
 Thanks Bruce
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Bruce_L
Posted : Monday, May 21, 2007 12:30:49 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Michaelc1507,
You're welcome.
-Bruce
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