Ok, Spots.....got the gist of your indicator......so what I did was to create a formula (I use MetaStock, so I don't know what you can do in Q+) as follows:
Mov(C,21,W) - Mov(C,21,S)
That's the Simple moving average subtracted from the Weighted one (gg)
That creates an oscillator (there are other readers out there who are doing triple "ggg's" because I love oscillators as much a jelly beans).
I see that it lags just enough to not give me what I want, so I experiment with Fibonacci numbers and come up with:
Mov(C,8,W) - Mov(C,8,S)
and get an oscillator that is much more in tune with the action of the stock. I will do a test when I get back from the West Coast (if I don't drown) and see if there are some more things to be done.
Thanks for the idea!!
BW Chan |
