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MetaStock
Trading System - Derivative
Moving Average
Rev 01/21/97
The information
for this test was published in the June 1996 issue
of "Technical Analysis of Stocks and
Commodities". The test appears in the article
"The Derivative Moving Average" by Adam
White, page 18. Mr. White describes this test as
using a variation of the "tried-and-true
simple moving average for entry signals and the
"trend analysis index" for exit signals.
Note, first you need to create a new indicator
called TAI, using the TAI formula below - then
create the new system test.
System
syntax:
Enter
Long:
When(Ref(Mov(C,28,S),-1),=,LLV(Mov(C,28,S),4))
Close
Long: When(Fml("TAI"),<,0.4)
AND When(Ref(Fml("TAI"),-1),>=,0.4)
