Discussion in 'Technical Analysis' started by clarodina, Jun 28, 2013.
How to forecast next day 20movingave?
Well, its much easier + profitable some times to;
figure out if is a bull market, or a bear market. for example 50 day moving average is still down, [SEPT silver contract]but looks like a bottom area is in, since the long term trend is still UP.
Record buy volume cane be a clue;
could go lower, but yearly lows[SEPT silver contract] can signal a buy sometimes
You wanna "forecast" the the value of tomorrows 20 day moving average?
Assuming you're using closing prices to calculate the average it's really very simple. Just "forecast" tomorrows closing price.
Of course if you're using the HLC/3 method then you'll have to "forecast" tomorrows high low and close. That one might be a bit tougher.
2*MAtoday - MAyesterday
Whichever method you choose, be sure to evaluate how accurate it really is, using historical data.
Nobody said anything about accuracy.
19MA + 1DayFWD/20
for a naive forecast.
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