Here is a 'very inexpensive' alternative to Juriks Moving Average contributed in Easy Language by John D. McCormick (TS handle = JDM, see jmactrader.com).

Moving Averages are used to remove noise. By “noise” is meant the apparently random motion up and down of the prices around their average price. This shows up on a moving average as a jagged appearance on an otherwise smooth line. The jaggedness can trigger false buy and sell signals or simply make the indicator hard to read, so we try to smooth out the average, i.e. remove the noise.

Lagging or lateness is the bane of moving averages. You make them longer (average in more bars) and the moving average is smoother, but now it lags way behind the actual price movement.

The ideal moving average should filter out noise and respond quickly – and – it would be a plus if it was fast calculating. That’s kind of like having your cake and eating it too.

Nevertheless, here’s one, I call it Quick MA, that seems to work as well as any I’ve seen.

Full thread is at https://www.tradestation.com/Discuss...txtExactMatch=
Posted with his permission. Please retain his 'copyright' info in the code. Many thanks to JDM.

[Tams]

this is good stuff !

[Tams]

a couple more comparisons of MAs

credit: robotman at
http://www.tssupport.com/forum/viewtopic.php?t=5120