RE: Advance Decline Line
(2020-04-28, 09:43 PM)pcabc Wrote: Regarding the 10 and 30 day EMAs - did you pick those for a reason, do they have any special significance?
There was a reason. But I can't remember exactly now as I set it up around 10 years ago. But I do know the McClellan Oscillator https://www.investopedia.com/terms/m/mcc...llator.asp is made up of the 19 day EMA and the 39 day EMA of the advance decline line data. So the 10 and 30 day EMAs that I use are just a bit faster and obviously tie in with Stage Analysis.
I think with things like these you could use any combination of short and medium term MAs and the results wouldn't be much different. i.e isn't the MACD a 12 day EMA – 26 day EMA for example.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.