emergentrades
10 posts
msg #48462
- Ignore emergentrades
modified |
12/8/2006 10:58:29 AM
DMA(28,-14) and MA(14) return the same value. Screening for DMA(28,-14) to be a certain percent greater than close or MA(14) or any other specific number does not work. What you get is that specific number greater or less than MA(14). You can screen for the slope of DMA or DMA increasing or decreasing for a number of days. In your screens use, add column dma(28,-14) and add column MA(14), both values returned are the same.
That said using DMA is not useless, I think it is more of a visual thing because when you look at a chart plotting DMA, the plot is greater than the value. Using the chart of ADSX notice October 19, 2006. The plot of DMA is around $1.85 while the value of DMA is around $1.63, about 13% greater.
Using whatever entry you choose, say, close crossed above MA(10), you would have noticed DMA(28,-14) increasing. You can't scan for that specific event but you can see it. Had you entered that trade at that point you would have done well. Using DMA and displacing it negatively usually leads to winning trades. My 2 cents.
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