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Registered User
Joined: 6/24/2005
Posts: 9
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on TC2000, i like to use a 5 da. ma crossing over a 35 da. ma. when i use this same setup in Snap Sheets things are reversed. the 10 da. line is in white and the 35 da. is purple.
in tc2000, when the trend goes up ( stock prices increase ) the short white line is goes above the 35 da. line, and stays above as long as the prices go up. in Snap Sheets, this is reversed and the short line is below the 35 da. line. this set-up is not correct.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please make sure the Moving Average type is the same in both programs. TeleChart uses either Simple or Exponential Moving Averages. SnapSheets has more options and several Studies default to a Front Loaded Moving Average. You may wish to review the following:
Customizing with Properties
Things to check if your moving averages don't "seem right" or "seem to match"
-Bruce
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TC2000 Support Articles
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Registered User
Joined: 6/24/2005
Posts: 9
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Bruce, i am using exponential values in each case. i have been using this pattern for a couple of years and the short line is always above the long line when prices increase. that makes common sense. the reverse is true in Snap Sheets, which makes no sense. why don't you set a 35 da. ma blue line and a white 5 da. ma on your computer and see which line is on top in an up trend?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I understand how Moving Averages work. The Exponential Moving Averages in SnapSheets match the Exponential Moving Averages in TeleChart on my computer exactly. If SnapSheets and TeleChart are both using Exponential Moving Averages, you might wish to check that the Moving Averages in SnapSheets are all plotted on the same scale with Price. Right-click on the Moving Average and select Scale With.
-Bruce
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Registered User
Joined: 6/24/2005
Posts: 9
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Bruce, i hate to be a pest, but i am sure you will agree that a short term moving average will be above a long term moving average as long as the stock is in an uptrend, regardless of whether it is simple, exponential or any other configuration. this is not the case on my computer.
i have the time period on TC2000 set the same as on Snap Sheets, i have all indicators set to exponential. my 35 da ma is purple, my 5 da. ma is white. when the stock price is going up, the long term line is on top. this should not be. i am looking at stock BIIB, on zoom 4 for this year. the crossover occurs about Aug 20 of this year. on TC2000, the white line is on top of the purple and in Snap Sheets, the purple line is on top. any ideas?
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Registered User
Joined: 6/24/2005
Posts: 9
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Bruce, as further evidence something is wrong with my setup, i have just done the following. i checked on Snap Sheets to make sure both indicators were exponential and scaled alike. i then increased my white indicator (5 da.)to 35 da., the same as my purple indicator (35 da.) instead of moving toward on another as i increased the value of white toward 35, they moved apart! i now have a divergence in the lines, even though they are both set to 35 da ma. this can't be correct.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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For BIIB, the 5-Period Exponential Moving Average of Price crossed up through the 35-Period EMA most recently:
Between 8/23/2006 and 8/24/2006.
Between 9/19/2006 and 9/20/2006.
Between 10/30/2006 and 10/31/2006.
These crossovers happen exactly the same on my system in both TeleChart and SnapSheets. The white 5-Period EMA is currently above the purple 35-Period EMA in both TeleChart and SnapSheets.
You have verified both Moving Averages are Exponential.
You did not refer to my suggestion of verifying both Moving Averages are on the same scale as Price in your response, so I don't know if you have checked or not.
Other things to check:
Make TeleChart and SnapSheets are both in Daily mode.
Make sure all of the Moving Averages are of Price and not each other or another indicator.
If none of these issues relate to your specific problem, please contact technical support to see if there is a technical issue with your copy of the program.
All e-mail communication sent to support@worden.com during business hours (Monday through Friday 9AM-11PM and Saturday and Sunday 9AM-3PM ET) should be answered within 20 minutes of arrival. For an even quicker response to tech support questions, we recommend calling our voice line at (919) 408-0542 (there is no phone support on Sundays, some Market Holidays or after 9PM ET on weekdays).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 6/24/2005
Posts: 9
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Bruce, you solved my problem. i did not have both ma's
scaled to price. everything is now OK, many thanks
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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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Registered User
Joined: 2/6/2007
Posts: 9
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Hi Bruce...why is a front loaded moving average not available on Telechart?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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grantgoode,
I'm not in a position to say why. If you want them, you should make your suggestion in the Comments/Suggestions forum. It is possible to create a Weighted Moving Average using Custom Indicators. You may wish to review the following:
Weighted Moving Average in TeleChart
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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