JMA vs. HMA

T

tenthousandmen

There's been allot of discussion about which is better... looking at some JMA code on the internet, it looks like the JMA is just a modified HMA. Am I incorrect? :confused:

If you use either, what are your feelings?

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Quote from tenthousandmen:

There's been allot of discussion about which is better... looking at some JMA code on the internet, it looks like the JMA is just a modified HMA. Am I incorrect? :confused:
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I don't know the formula for the JMA but I'd bet it's more complicated than a modified HMA. For one thing, it's been around longer than the HMA IIRC.

I personally would never use an overshooter as my smoother. Just my two cents.
 
Quote from kut2k2:

I don't know the formula for the JMA but I'd bet it's more complicated than a modified HMA. For one thing, it's been around longer than the HMA IIRC.

I personally would never use an overshooter as my smoother. Just my two cents.
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Got it... what do you use?

IMO, JMA and HMA appear similar on live charts... the example chart shown isn't necessarily realistic... :D
 
Quote from tenthousandmen:

Got it... what do you use?

IMO, JMA and HMA appear similar on live charts... the example chart shown isn't necessarily realistic... :D
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I use my own custom ama. I don't know how it compares to the JMA but I like it. However I found out that simply having a great smoother isn't enough for a great trading system. :(

Granted, the pic you posted isn't totally realistic but it does point out that the HMA can overshoot, which should be taken as a warning of what can happen in a real trading situation.
 
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