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Blue Line - 13 day Smoothed Moving Average by Glen Wallace for Metastock
Subject: Moving Averages, Profitunity, “New Trading Dimensions”
Bill William’s in his 3rd chapter mentions the “Alligator”, which he describes as, the Blue Line – 13 day smoothed moving average, offset 8 days into the future the Red Line – 8 day smoothed moving average, offset 5 days into the future the Green Line – 5 day smoothed moving average, offset 3 days into the future
I downloaded the demo from www.profitunity.com. However, with the same stock, under MetaStock 6.5.2, I can’t seem to get the same values as his software. I’ve tried, Simple, Exponential, Weighted, all the ones available in MetaStock. I even tried experimenting with the time periods values.
Comes close, but not the same. I’d be highly obliged if somebody would shed some light on this.
The problem is in their “smoothing.” Below is the code I wrote for the Red Line based on an explanation they gave me about a year ago. I can dig up that e-mail if you wish. Also, I recall Daryl Guppy’s site (http://www.guppytraders.comgup59.htm) has all the code (written by our own Adam Hefner, I think) for Bill Williams’ methods.
Be careful with Bill Williams’ system, though, it’s not the holy grail he describes in his books.
Hope this helps.
Indicator / Formula
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