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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Richard Estes who wrote (3560)9/3/1999 4:24:00 PM
From: -  Read Replies (2) | Respond to of 18137
 
Right, you wouldn't expect the 21-period EMA on a 5-min chart to be in the same place as on the daily. It's (properly) computed as the 21 *PERIOD* (bar) MA, on whatever timeframe you're looking at. That's how it's supposed to work - it's a running average on the last 20 bars. In different timeframes, you get a different number.



To: Richard Estes who wrote (3560)9/3/1999 4:42:00 PM
From: Paul Viapiano  Read Replies (1) | Respond to of 18137
 
An EMA's value is determined from all bars loaded. E-signal should at least have 2-3 days in the computation, minimum. They should make the computation on say 3 days worth, even if you display only 1 day. It seems they don't.

You're right, they don't. Only if you have the 2 or more days chart up do you get the previous data drawn.

So, which to trade with? The multi-day data, right?

Paul