MDA - Market Direction Analysis

[augieboo]

kevin, I agree that the indicator is still a bit choppy, so I
borrowed an idea from George Lane, (at least I think it was
George Lane), who created the Stochastic Oscillator, i.e., I
ran a 3-day SMA of the finished 21-day oscillator-thingie.

Thus, the 21-day SMA is sort of like the stochastic %K line,
and the 3-day SMA of that is like the stochastic %D line, except, of course, that the underlying math is completely different. {g}

Anyhow, before I confuse my little doggie brain any
worse than it already is, here's the chart.



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Next I think I'm going to try a PPO type scheme, i.e., plotting the percentage difference between the 21-day
SMA and a 13-day SMA.


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