Distance from MA

On the side note, how about slope of MA line?
Slope can tell which one is rising faster. Eyeballing is not good at all to judge the slope. What looks steeper may not be.
Currently I use RSI instead .. I dont know if its equivalent though.
Is there an indicator for that and anyone uses that ?
 
Quote from gummy:

It's here:

http://www.gummy-stuff.org/EMA-deviation.xls
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Hey Gummy, thanks for the spreadsheets, they look very good. I just dropped by your website, and it looks like there's a LOT of very interesting stuff there -- I hesitate to use the term "gold mine", but that's what it seems to be. I definitely think I'll be losing a few days of my life to your site in the near future.

Thanks, and it's nice to have you aboard ET!
 
Quote from united46:

Distance from moving average?

Isn't that the "indicator" that Steve Nison talks about in one of his books? I think it was called the disparity index and was supposedley used a lot by the Japenese.

United:confused:
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This book is Beyond candlesticks
 
Try MACD: 1,50,1

Use one as the first MA, 50 or whatever you want as the MA, and 1 and the smoothing average.

Then draw a horizontal line at 0.

Seems to be what you're looking for.
 
Quote from TorontoTrader2:

Just friggin eyeball it already. Worked for me with LM just now.


Next short candidate is IYR

See chart below:
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I agree. This thing is setting up nicely. That coupled with all the optimism out there on real estate, it looks like a great short.

Good Luck
 
wrap up:

torontotrader, nice shootin Tex!

ElectricSavant and frogy, you're right !

I allowed my bias against indicators in general to cause me to ignore this. Albeit, MACD relies on exponential MA and I would prefer to use simple MA but still it does give a nice visual representation on the chart of distance from MA.

Thanks guys.
 
You can use Investor R/T and choose simple, least square, and 8 or nine other variants of MACD ma's...but I stongly suggest you use volume together with this...


Quote from Babak:

wrap up:

torontotrader, nice shootin Tex!

ElectricSavant and frogy, you're right !

I allowed my bias against indicators in general to cause me to ignore this. Albeit, MACD relies on exponential MA and I would prefer to use simple MA but still it does give a nice visual representation on the chart of distance from MA.

Thanks guys.
More...
 
Quote from Babak:

wrap up:

torontotrader, nice shootin Tex!

ElectricSavant and frogy, you're right !

I allowed my bias against indicators in general to cause me to ignore this. Albeit, MACD relies on exponential MA and I would prefer to use simple MA but still it does give a nice visual representation on the chart of distance from MA.

Thanks guys.
More...

Um I think this is pretty much exaclty what you want
http://www.trade-ideas.com/Help.html#wsf_MinMA200P
 
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