[formor]

Another screen...

[PYenner]

Hi formor

Amazing
Get down to the basics and find out what does and doesn't matter.
Bemac seems to be using something like Green= ema 24 and Magenta= ema 100. Not much difference from other ma's it seems.

Bemac seems to have done a copy and paste from the "How To Write An ADX" section of the VT manual which is why his labels start with "ADX".
Better to call ema ema, then compare it to wma etc as you do.

Thanks formor
We may have an even happier Walter before much longer.
Someone hide the bananas before he goes hyper...

[PYenner]

By the way

Bemac blanks off only 20 periods at the start (left end) of the chart.
But when he uses a 100 period ema, he should blank off the first 100 periods.
Else what you get is either faked or garbage.
100 periods on a 5 min chart = 500 min = like 10 hours.
Garbage in = garbage out.

[PYenner]

Reality check time

MT4 usually returns zero when you ask for earlier data than the beginning of a chart. A 10 hour warm up space is not user friendly.

May have to look seriously at limiting the max periods to way less than 100.
Bye bye Magenta.

One way would be to use Green 24 ema as the longest and then offset bands out from that with variable spacing of some sort.

Life is a box of chocolates...

[momentom]

Originally Posted by PYenner »

Thanks z
At least no one is telling me off for saying "8 period ADX" is actually 15 period ema, not yet anyway.

Are you saying that each line of the rainbow is an ema that has been smoothed by a 15 period ema?

[PYenner]

Ema may be the worst option, largely ignores older data.
Wma or vanilla ma might give more weight to older data and need fewer periods?

[PYenner]

Originally Posted by momentom »

Are you saying that each line of the rainbow is an ema that has been smoothed by a 15 period ema?

Line 1 = Black = 2 period ema
Line 12 = Green = 24 period ema
Line 49 = Magenta = 100 period ema

But... the price for all of these is "VarMA"
Still sorting out how Price=VarMA is put together.
The intermediate stages in making up VarMA seem to use 15 period ema.
It may be more like there is an array of 15 period ema prices, one for each bar.
Line 1 takes a 2 period ema from that array.
Line 49 takes a 100 period ema from that array.
An ema of an ema, modulated is one word for it.
But there is also conditional stuff that gives the flat region.

[PYenner]

Line 1 is like a 16 period ema of close prices.
Line 49 is like a 115 period ema of close prices.