KEMA - Kool EMA for eSignal

jpwone

Well-known member
254 3
attached image illustrates a study i've just written for esignal.

It is an exponential moving average which changes colour if the slope is positive or negative.

You can change the EMA period as required from within the chart.

I've found it very useful on a 30 min chart on the currencies. I'll be tidying it up shortly and if there is any interest I will post the study.
 

Attachments

  • kemasml.gif
    kemasml.gif
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jpwone

Well-known member
254 3
had to zip it to get it to post but here it is

comments welcome
 

Attachments

  • kema.zip
    1.3 KB · Views: 201

Jdax

Junior member
39 2
Been interested in this for a while - is it the same as Adaptive Moving Average ??
Tried downloading the Zip but I don't have a program to read a file extension of 'efs' - is it a special program ?.
 

jpwone

Well-known member
254 3
jonny40

have not tried to do it for Sierra.

This was one of the reasons for the move to Esignal - I knew I could do things like this.

Have you tried the Sierra forums on teh Sierra site?
 

jpwone

Well-known member
254 3
JDax

It can be done for the AMA. It was seeing something similar for a Kaufmann AMA which triggered me to do this.

The .efs file is a study file for Esignal. If you don't use Esignal then it will not be much use to you.
 

ChowClown

Senior member
2,732 56
jpwone,

Would it be possible to post the calc/algorithm you used prior to coding esignal? I'd like to try the calc in Excel.
 

jpwone

Well-known member
254 3
A couple of small modifications.

The colour of the lines are now user selectable.

Rather than using the close of each period it now uses the (high+low+close)/3.

This helps to reduce noise and so reduces the number of false slope changes.

The calcualtions used are pretty much self explanatory when you view the script. If you don't have Esignal you can view the efs file in a text editor (Notepad) to see the workings.

Hope this helps. Additional comment/critcism welcomed.
 

Attachments

  • kema(hlc).zip
    1.4 KB · Views: 143
 
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