1 day moving average :)))) | Forex Factory

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1 day moving average :))))

  • #1
  • First Post: Aug 31, 2006 5:10pm Aug 31, 2006 5:10pm
we all want the MA just lags the least. I give you one day simple moving average. i take the typical price (h+l+c)/3. If you are familiar with the work of market profile, then you know where I am going with this. This price gives the most accurate information of that trading day. In a uptrend, today's value area should be greater than yesterday's, and any intraday low will be quickly rejected. Vice versa in a downtrend. I dont know if anyone has any opinion on this?
  • #2
  • Aug 31, 2006 5:18pm Aug 31, 2006 5:18pm
Sounds like the median price to me. Why not throw in the open an divide by four instead?



Quoting moneydude
we all want the MA just lags the least. I give you one day simple moving average. i take the typical price (h+l+c)/3. If you are familiar with the work of market profile, then you know where I am going with this. This price gives the most accurate information of that trading day. In a uptrend, today's value area should be greater than yesterday's, and any intraday low will be quickly rejected. Vice versa in a downtrend. I dont know if anyone has any opinion on this?
  • #3
  • Aug 31, 2006 6:28pm Aug 31, 2006 6:28pm
I always thought that H+L+C/3 = Pivot Point and H+L/2= Median Price.

Actually if you are doing visual back testing and want to display the daily PP on a daily chart, just set an SMA (1) to HLC/3 on MT4 and you have the daily pivot shown on the chart.(I think )
Money grows on the tree of persistence
  • #4
  • Last Post: Aug 31, 2006 6:31pm Aug 31, 2006 6:31pm
That's what it is. It is the central pivot and some use the open in that calc.



Quoting ozmacca
I always thought that H+L+C/3 = Pivot Point and H+L/2= Median Price.

Actually if you are doing visual back testing and want to display the daily PP on a daily chart, just set an SMA (1) to HLC/3 on MT4 and you have the daily pivot shown on the chart.(I think )
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