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To: Jeff Grover who wrote (2824)	1/2/1998 2:36:00 PM
From: Richard Estes	Respond to of 11149

Metastock has his Smoothing MA from their help: The Wilder's Smoothing indicator was developed by Welles Wilder, best known as the developer of the Directional Movement system (see Directional Movement) and the Relative Strength Index (see Relative Strength Index). Wilder used this smoothing indicator as a component of many of his other studies. It is basically a type of moving average, similar to the "exponential" method in that it retains a decreasingly smaller percentage of all historical data in the series. The Wilder's Smoothing indicator should be used just as you would use a moving average. Although similar to the exponential, weighted, and triangular moving average methods in how it has a "memory" of all historical data, the Wilder's Smoothing method seems to be the least responsive of the three.

To: Jeff Grover who wrote (2824)	1/2/1998 2:42:00 PM
From: Bob Jagow	Read Replies (1) \| Respond to of 11149

More than welcome, Jeff. I've never seen the Wilder book either--Traders Press franchise.fantasticshopping.com still carries it, but $65 for 42 pages of flawed wisdom seemed steep to me. Kaufmann's '87 book is substantial (521 pages) and highly recommended, but a bit old. I like his "Smarter Trading" (1995, 252 pages) a lot, but it covers new, completely unrelated material. Bob