The Elite Circle - On-balance moving average - part 1 of 3
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On-balance moving average - part 1 of 3
This is identical to the VMA, but replaces the CMO with the RSX. While the VMA is a boarderline inferior indicator IMO, it does make a very great concept of implementing a second indicator into a moving average. You can play around with the coefficients in this one and make your own equations that can make.

You'll need the RSX indicator, which may possibly be already uploaded around here.

I recommend trying this with a JMA or on-balance volume.

I have also made an RXX version of this, and an MFI version as well. Will upload in parts two and three.


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Details: On-balance moving average - part 1 of 3
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April 19th, 2012
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