RE: Stage Analysis Beginners Questions
(2020-08-05, 08:56 PM)Haugaard Wrote:(2020-08-05, 08:34 PM)the_manassa_mauler Wrote: New to this thread. Need clarity on Weinstein MA..... I just deep dived his book and was impressed by his system. However, I need help in re to clearing up his MA methods. Heres my questions, I would appreciate any insight on this:
1. He uses a 30 week WMA in the book. I use bigcharts.com. They don't have a WMA option, only EMA & SMA. Also they require you to put in days, not weeks. Therefore, should I be using 150 days and go with EMA or SMA? .... I googled and found conflicting info on this. Some say you should use 200 EMA b/c that would be closest to a 30 week WMA. This site is the best I've come across, so I'm assuming members in here can clear this up.
2. wouldn't EMA be a more accurate method projecting forward on buys w/ stocks as opposed to SMA?
3. is WMA still used by many or is it a dated method back to the publishing period of the book? is it any better then EMA or SMA?
4. on bigcharts.com, if I want to look at a weekly chart instead of a daily, then do I need to go back and use the 30 week number on the EMA chart as opposed to 150 or 200 day since its a weekly chart?
5. finally, are there better free charting services then bigcharts.com that anyone would recommend?
thanks for any help
First and foremost, welcome to the site.
1. Just use SMA with 150 as 30w.
2. SA preaches 30w SMA, and therefore we follow suit.
3. There is no difference between WMA and SMA other than the fact that WMA is calculated in weeks and SMA in bars. As before, just use 150 for 30W. For this method and others that are alike the use of SMA is preferred.
4. If you look at a weekly chart u just insert 30 into SMA. As the SMA is then calculated on the previous 30 bars. So when the chart style is in weeks, use 30, when in days, use 150.
5. I've been using tradingview for the beginning of my trading career. Just now i've switched to StockCharts.com. But tradingview.com is more than enough for most.
Let me know if you have any further questions.
All the best,
Marcus Hauugard
thanks for the info Marcus. well appreciated..... ques., are stockcharts.com & tradingview.com services free or do they charge an annual fee?