interesting moving average

Hi,
Recently while googling I got to know about a new moving average called mahesh moving average.
Read the article at http://www.iguidestocks.com/project/global/igs/mma1.html

I like this indicator and would like to implement for amibroker.
Can somebody help me out

 

"Mahesh", translated from Hindi to English, means "spam".

 

Very nice!

 

try out this formula it gives good return . i did backtesting and found good result

@EXCELLENT FORMULA INCLUDES BUY/SELL SIGNAL WHEN TESTED ON NIFTY @STOCKS
@ GAVE VERY GOOD RESULT AND OUTPERFORM BUYHOLD STRATEGY . @CHECKOUT BY APPLYING ON DIFFERENT
@STOCKS . THIS FORMULA USE MACD AND CREATION OF MACD IS DONE @USING MMA MOVING AVERAGE INSTEAD OF EMA

#X:MMA[12;0] - MMA[26;0]
A := EMAANY[X[0];9;0]
A1 := EMAANY[X[0];9;-1]
A2 := EMAANY[X[0];9;-2]

IF ( X[0] > A AND X[-1] < A1 AND X[-2] < A2 )
{
BUY{}
}
IF ( X[0] < A AND X[-1] > A1 AND X[-2] > A2 )
{
SELL{}
}

 

I am a regular user of iguidestocks software which I found while searching on net.

This software is free and supports stock screening. formula language , buy/sell signal, backtesting.

I am able to find all major features for which I was using Metastock.

I would recommend people to give a shot on this software

Regards
wells