interesting moving average

[wells]

Hi,
Recently while googling I got to know about a new moving average called mahesh moving average.
Read the article at http://www.iguidestocks.com/project/global/igs/mma1.html

I like this indicator and would like to implement for amibroker.
Can somebody help me out

 

[nazzdack]

Quote from wells:
.....a new moving average.....

"Mahesh", translated from Hindi to English, means "spam".

 

[indahook]

Quote from nazzdack:

"Mahesh", translated from Hindi to English, means "spam".

Very nice!

 

[wells]

try out this formula it gives good return . i did backtesting and found good result

@EXCELLENT FORMULA INCLUDES BUY/SELL SIGNAL WHEN TESTED ON NIFTY @STOCKS
@ GAVE VERY GOOD RESULT AND OUTPERFORM BUYHOLD STRATEGY . @CHECKOUT BY APPLYING ON DIFFERENT
@STOCKS . THIS FORMULA USE MACD AND CREATION OF MACD IS DONE @USING MMA MOVING AVERAGE INSTEAD OF EMA

#X:MMA[12;0] - MMA[26;0]
A := EMAANY[X[0];9;0]
A1 := EMAANY[X[0];9;-1]
A2 := EMAANY[X[0];9;-2]

IF ( X[0] > A AND X[-1] < A1 AND X[-2] < A2 )
{
BUY{}
}
IF ( X[0] < A AND X[-1] > A1 AND X[-2] > A2 )
{
SELL{}
}

 

[wells]

I am a regular user of iguidestocks software which I found while searching on net.

This software is free and supports stock screening. formula language , buy/sell signal, backtesting.

I am able to find all major features for which I was using Metastock.

I would recommend people to give a shot on this software

Regards
wells