Forum Archive Index - May 2003

[Phaedrus <Phaedrus@techemail.com>]

Carl,
     The data used to draw a moving average is derived from the daily Closing 
prices. Any charting program can do this, as can spreadsheets such as Excel. 
You would need to enter all the Price data though, or subscribe to a data 
supply service. Because there are many excellent free online charting 
facilities available, there is no need to do this. One of the better ones is 
BigCharts, see notes at :- 
http://www.sharechat.co.nz/archives/2002/03/msg00050.shtml

 There is nothing special about 60/120 day averages. The idea is to choose a 
value that suits your preferred trading frequency and the stock in question. I 
often use 40, long-term traders commonly use 200, short-term traders 10 or 
less, for example. Some people use systems based on the crossover of 2 or even 
3 moving averages. You really need to be able to set your own values, rather 
than trying to use fixed values such as 5/20 etc.

 The usual practice is not to plot weekends and holidays. Most charts therefore 
depict Trading days only. ("Market" days)

            Phaedrus.

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