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Moving Average Trading Scan

Written by Administrator Tuesday, 22 January 2008 10:00
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Moving Average Trading scan

 

The Moving Average Trading scan searches for when a user defined Moving Average is either above or below a closing bar for more than one consecutive bar.

These settings would scan for a 15 bar Moving Average, calculated using the Simple style and Closing price. The Moving Average scan would be applied to a Daily chart and would be searching for more than 1 consecutive bar that has closed Above the Moving Average.

More than 1 consecutive bars have closed above the Moving Average.

Scan For

 

             Trading Above: Select this option to scan for when more than 1 consecutive bar has closed above the Moving Average.

             Close Crosses Below:     Select this option to scan for when more than 1 consecutive bar has closed below the Moving Average.

Bars:      This is the setting for the number of bars used to calculate the Moving Average. Setting this to 30 would scan using a 30 bar Moving Average.

Calc Style:           Allows you to select which method is used to calculate the Moving Average.  You can select from the following options:

             Simple

             Weighted

             Smooth

             Exponential

             Modified

Calc Using:          Select this option to set what the Moving Average is calculated off.  You can select from the following options:

             Open

             Close

             High

             Low

             HL (High, Low)

             HLC (High, Low, Close)

             OHLC (Open, High, Low, Close)

             OC (Open, Close)

Last modified on Monday, 08 March 2010 15:11
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