glgene
616 posts
msg #36543
- Ignore glgene |
6/28/2005 10:21:04 AM
In the statement,
CWMA(CCI(10),7)
what does the 7 mean?
C=custom
W=weighted
MA=moving average
CCI=Commodity Channel Index
10=10-day lookback
7=??
GL Gene
Newbie
|
TheRumpledOne
6,411 posts
msg #36544
- Ignore TheRumpledOne |
6/28/2005 12:18:16 PM
Look in the index...
stockfetcher 12/23/2004 12:51:31 PM
Custom Weighted Moving Average
--------------------------------------------------------------------------------
Parameters Indicator
Period
Usage CWMA(Indicator,days)
Description The Custom Weighted Moving Average (CWMA) creates a weighted moving average from another indicator. This indicator uses standard weighting based on the period of the measure. The usage is the same as the Custom Moving Average (CMA).
|
glgene
616 posts
msg #36545
- Ignore glgene |
6/28/2005 12:34:38 PM
I did look in the index. I understand the 10. But I don't know what the 7 means. Anybody?
GL Gene
|
tomb
267 posts
msg #36546
- Ignore tomb |
6/28/2005 1:06:48 PM
Hi,
The "10" is part of CCI(10) which means it is the period for the CCI.
The "7" is the period for the CWMA.
Tom
StockFetcher.com Support
|
glgene
616 posts
msg #36547
- Ignore glgene |
6/28/2005 2:05:59 PM
Tom,
Thanks for the clarification. So in the example I gave above, the CWMA (using 7 days) is a 7-day weighted moving average of the 10-day CCI simple moving average---using the "typical" price of the stock (i.e., H+L+C/3). Correct?
Also, is it a "custom" WMA because you can make the 7 any number you want? In the example above, would 10 be the maximum, since CCI(10) is the number in this case? In other words, I don't see how CWMA could be 12 if CCI is only 10. Let me know if my thinking is right or wrong.
I know these may seem stupid questions, but I just want to make sure I clearly understand. Constructive feedback is always welcomed. I love SF.
GL Gene
|
TheRumpledOne
6,411 posts
msg #36548
- Ignore TheRumpledOne |
6/28/2005 7:36:58 PM
Gene...
Everyday CCI(10) has a value. So you can take the custom weighted moving average of CCI(10) over any number of days.
MAY ALL YOUR FILLS BE COMPLETE.
|
glgene
616 posts
msg #36549
- Ignore glgene |
6/29/2005 8:40:03 AM
TheRumpledOne,
Thank you, thank you, thank you for your multi-examples.
But I still don't understand how the CWMA number (e.g., 100) can be greater than the base CCI number (e.g., 10). I can understand 2-10, but anything greater than 10 baffles me. I need a smart pill.
GL Gene
|