T_Charp13 35 posts msg #159453 - Ignore T_Charp13 |
8/13/2022 10:59:36 AM
Hi all,
Can someone help me out with a filter. I need the numbers in the columns from the filter below to display the weekly numbers. It's currently showing the daily numbers but need to change those since it's a "chart-display is weekly". Much appreciated, thanks.
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KSK8 561 posts msg #159454 - Ignore KSK8 |
8/13/2022 12:45:33 PM
Hope this is it, just required inserting weekly before the indicators
Best of luck, rarely ever see ma(2) used so that's interesting
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T_Charp13 35 posts msg #159456 - Ignore T_Charp13 |
8/13/2022 12:58:19 PM
Perfect, thank you so much! I was putting the "weekly" in the wrong spot and I wasn't using the parens. Yeah, the ma(2) is for super short term signals but it has been working.
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dtatu 143 posts msg #159460 - Ignore dtatu modified |
8/14/2022 8:15:28 PM
(modified)
I'm trying to test it and having a problem: the short/long on the plot seem to be excellent timing-wise, but , when I try to use a simple filter :
weekly D1353 crossed below 0
I realise ,that the signal does not come in the same time as the change from short to long on the plot
( ex: DIA: the 3 rd plot (weekly longsignal2) turns long on the July 5 week; the above filter does not trigger at all) . What do I do wrong?
PS: I think Years ago we discussed about a glitch with this kind of filter?( with DMA)?
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KSK8 561 posts msg #159461 - Ignore KSK8 |
8/15/2022 11:13:34 AM
I'm not an expert with the terminology, but the 'weekly' parameter only applies to indicators itself rather than functions.
so it would be:
set{D1353, weekly ma(10) - weekly dma(10,-5)}
D1353 crossed over 0
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On another note, I never quite understood people's fascination with the DMA. It's a displaced indicator so it can't be of any general value, unless I'm missing something. It would be helpful if someone can provide an example of the DMA being used to predict a successful trade.
Not criticizing, just strongly curious as I fail to see why the DMA still remains used in filters.
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dtatu 143 posts msg #159462 - Ignore dtatu |
8/15/2022 11:58:38 AM
From a purely observational point of view, I opened several weekly charts ( mostly ETFs) and noticed that the plots , especially "weekly shortposition1/longposition1" and 2, seem to nicely time weekly reversals.
The problem is: I do not find a trigger/signal to match those changes on the plots.
It might be the fact that : set{D1353, weekly ma(10) - weekly dma(10,-5)} is already a weekly indicator and the choice :" chart-display is weekly" distorts it?
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T_Charp13 35 posts msg #159511 - Ignore T_Charp13 |
8/28/2022 8:59:34 PM
I use the daily version of this filter more and use the dma(2,-1). I also use a few other combinations (like the ema(2)) and wait until ma(2) - dma(2,-1) and ema(2) - dma(2,-1) triggers line up or wait until day 2 of the trigger. Here is my full scan but you can ignore all of the additional stuff I added.
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KSK8 561 posts msg #159513 - Ignore KSK8 |
8/29/2022 4:54:27 AM
I still fail to understand what value the DMA is providing?
Does anyone routinely turn a profit using the DMA as a chief indicator? I'm open minded to this but I struggle to understand why it's even still a thing on SF.
Naturally, I would simply dismiss it as nonsense, however, the same people who dished out pretty handy filters were also the same people who championed it as a "miracle" indicator.
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T_Charp13 35 posts msg #159517 - Ignore T_Charp13 |
8/29/2022 8:41:25 PM
I've been seeing some consistent gains but I used the DMA in conjunction with other signals and not as the only/primary signal.
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