In collaboration with Brian Shannon, author of two best-selling books on technical analysis, we've put together an indicator that manages the moving average period based on the chart timeframe.
When using AVWAP as described by Brian, we look for stocks where the trend of the 50-SMA is higher. In that scenario, we look to shorter timeframes (intraday charts) to...
PMA derives the length of its rendered SMA from the number of periods (example: 5 days) and the length of the period (example: 390 minutes)
The result is an indicator that should be the same across different time-frames of the same type. Allowing for the simple calculation and generation of a Daily Moving Average like the 5 Day SMA (the default for minute...