Re: Tool to generate custom MA

"Franko" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> I want to generate a chart with upper band as 10 day MA of Daily High
> price and lower band of 8 day MA of daily Low Price. with the daily
> closing price in between.
>
> My analysis is that if the price goes less than the 8 day MA low, sell
> it. If it goes more than the 10 day MA high, then buy it. Is there any
> custom tool that can generate this chart.

Metastock will do it.. Although Metastock is quite expensive. The way I see
it however, is that ANY charting software that allows you to build custom
indicators, you should be able to use, to generate the actual indicators....

For the upper band, you would create something to this extent:

MovingAverage(SIMPLE, 10, High)

and for the bottom band you would create

MovingAverage(Simple, 8, Low)

That should give you an idea of how it would work, then just simply add
those two indicators in the chart, and it will create what you are looking
for

Blu
http://www.blucava.com/




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