That's pretty amazing. Im sure most indicators can be tweaked to show similar results. Afterall, they are all using the same data, ie price, volume, time etc. This is probably where newbies get sucked into buying fancy looking indicators from Gurus as the newbie thinks that this new fancy line or colour or dot will make him tons of money and save the world! I know that I did this in the beginning!
Is it possible to plot the Stepma, on a similar chart with the two indicators above so we can see how similar they all are?
I don't get why people are fascinated with the indicator debate. Elliot says that this Alas Avg thing is not complex like Stepma. What does that mean or more important why does the complexity matter? It's almost like it is a prerequisite that only complex indicators are worth having.
Everyone needs to remember that indicators are all based on price in one way or another. Some of you guys have posted charts, Todd I think is the name that have two or more indicators that look nearly identical as such the zero line crossing is almost identical. CCI, ECO, these things use different methods but many times have similar results. Haven't you ever noticed all these fancy indicators look the same it's just a matter of how much lag there is built in to the indicator to affect smoothness vs an exact mimic of price.
Not to stray off topic but I just don't get the fascination with why one product is put down and other alternatives of the same thing are so welcome. In the end arent they all the same?
One of the nice things about this forum is, one of the reasons it was put together is to have people put ideas together and maybe try to think out of the box if you will. Maybe your comfortable with what is on your chat and your set with your trading method. Others are still learning or trying to find a method they are confident will work. I think what we see here is not over complicating anything, just adding to or eventually subtracting from ideas that people put together here.
You're right, complexity doesn't necessarily matter for trading, but in a forum called "programmer's paradise", it relevant. If someone wishes to try and code an open-source alternative, they might appreciate a less complex reference point than StepMA.
Some people believe that using some special proprietary indicator will make them a better trader and the way I see it, if it helps their trading psychology (more important than any indicator), then it does.
On the other hand, others like to fully understand the concept they are trading and the code behind it, that is their psychological 'edge'.
dude, you don't have to guess about the complexity. In this case, you don't even have to guess about the algorithm. We tell everyone that asks, for years now, that it is an average of swing highs and swing lows.
Not sure why everyone has so much fun trying to imply that I'm trying to pull the wool over everyone's eyes pretending things are "special" or "hidden." We released it because we found it useful for our own trading. End of story.
Again, I try to visit these forums, and again I must leave, pissed off. *sigh*
we just all need to learn to take things with a grain of salt including me lol and im sorry for getting upset before at you guys i think ill just make the peace now and say i probally had alot to do with instagating this so be upset with me and lets move on...sharky