StockFetcher Forums · General Discussion · CWMA(CCI(10),7)<< >>Post Follow-up
glgene
523 posts
msg #36543
Ignore glgene
6/28/2005 10:21:04 AM

In the statement,

CWMA(CCI(10),7)

what does the 7 mean?

C=custom
W=weighted
MA=moving average
CCI=Commodity Channel Index
10=10-day lookback
7=??

GL Gene
Newbie


TheRumpledOne
6,358 posts
msg #36544
Ignore TheRumpledOne
6/28/2005 12:18:16 PM

Look in the index...

stockfetcher 12/23/2004 12:51:31 PM

Custom Weighted Moving Average

--------------------------------------------------------------------------------


Parameters Indicator
Period
Usage CWMA(Indicator,days)

Description The Custom Weighted Moving Average (CWMA) creates a weighted moving average from another indicator. This indicator uses standard weighting based on the period of the measure. The usage is the same as the Custom Moving Average (CMA).



glgene
523 posts
msg #36545
Ignore glgene
6/28/2005 12:34:38 PM

I did look in the index. I understand the 10. But I don't know what the 7 means. Anybody?

GL Gene


tomb
261 posts
msg #36546
Ignore tomb
6/28/2005 1:06:48 PM

Hi,

The "10" is part of CCI(10) which means it is the period for the CCI.

The "7" is the period for the CWMA.

Tom
StockFetcher.com Support



glgene
523 posts
msg #36547
Ignore glgene
6/28/2005 2:05:59 PM

Tom,

Thanks for the clarification. So in the example I gave above, the CWMA (using 7 days) is a 7-day weighted moving average of the 10-day CCI simple moving average---using the "typical" price of the stock (i.e., H+L+C/3). Correct?

Also, is it a "custom" WMA because you can make the 7 any number you want? In the example above, would 10 be the maximum, since CCI(10) is the number in this case? In other words, I don't see how CWMA could be 12 if CCI is only 10. Let me know if my thinking is right or wrong.

I know these may seem stupid questions, but I just want to make sure I clearly understand. Constructive feedback is always welcomed. I love SF.

GL Gene


TheRumpledOne
6,358 posts
msg #36548
Ignore TheRumpledOne
6/28/2005 7:36:58 PM

Gene...

Fetcher[
ADD COLUMN CWMA(CCI(10),2)
ADD COLUMN CWMA(CCI(10),7)
ADD COLUMN CWMA(CCI(10),10)
ADD COLUMN CWMA(CCI(10),50)
ADD COLUMN CWMA(CCI(10),100)
ADD COLUMN CWMA(CCI(10),200)

CWMA(CCI(10),7) ABOVE CWMA(CCI(10),100)

CLOSE ABOVE 1
VOLUME ABOVE 1000000
]



Everyday CCI(10) has a value. So you can take the custom weighted moving average of CCI(10) over any number of days.

MAY ALL YOUR FILLS BE COMPLETE.


glgene
523 posts
msg #36549
Ignore glgene
6/29/2005 8:40:03 AM

TheRumpledOne,

Thank you, thank you, thank you for your multi-examples.

But I still don't understand how the CWMA number (e.g., 100) can be greater than the base CCI number (e.g., 10). I can understand 2-10, but anything greater than 10 baffles me. I need a smart pill.

GL Gene


StockFetcher Forums · General Discussion · CWMA(CCI(10),7)<< >>Post Follow-up

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