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RE: [sharechat] TRH Chart

From:	"Sethi, Vijay" <v.sethi@auckland.ac.nz>
Date:	Wed, 1 May 2002 17:45:03 +1200

Hi Phaedrus

Is it possible to get the formula of the Adaptive EMA

Regards
Vijay

-----Original Message-----
From: Phaedrus [mailto:Phaedrus@techemail.com]
Sent: Wednesday, 1 May 2002 5:05 p.m.
To: Sharechat@sharechat.co.nz
Subject: [sharechat] TRH Chart


 This chart shows TRH with four indicators - Trendlines, Williams'%R,
parabolic Stop and Reverse and an Adaptive Exponential Moving Average.
 In the STANZ Newsletter posted on Sharechat 12/4/02, there was an article
on moving averages by Victor Jowsey. Mention was made of an Adaptive EMA,
and the formula given. This type of Exponential Moving Average does not have
a set period, rather, the period is continuously varied - the greater the
volatility, the longer the period used. 
 I have not much favoured the use of moving averages, finding them too slow
to respond to fast-moving price changes. The adaptive EMA appears to
overcome that objection very effectively. It is plotted in magenta on the
attached chart.
 You can see that in the past these four indicators have worked well
together with this stock, triggering buy or sell signals within a few cents
and within a few days of each other, providing good confirmation. Note that
at the close today ($3.85, Wednesday 1/5/02) while the SAR, the Adaptive
EMA, and the Williams'%R have triggered buy signals, the price action has
yet to break the current trendline.
 Todays candlestick is a Marubozu, where the Open is the Low for the day,
and the Close is at the High for the day. Buyers were firmly in control all
day. The last three days candlesticks are a Morning Star formation. These
often mark the end of a downtrend. Volume is rising. These all have bullish
implications.

            Phaedrus.

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