Technical Studies Reference
Moving Average - Rolling High Accuracy
The Moving Average - Rolling High Accuracy calculates at each chart bar, an average of all of the prices which make up the chart bars over the specified time period. This study relies on the underlying Volume at Price data in the chart to achieve its high accuracy.
It is necessary for Sierra Chart to be configured for a tick by tick data configuration for the study to it achieve its high accuracy.
To do Weekly and Monthly time periods with this study does not make sense with a rolling calculation because this study does not reference specific segments of time like the start of the week or the start of the month. Instead it back references data at each chart bar by the specified time period. Therefore, just simply set the Time Period Length and Time Period Type Inputs with the study to 7 Days or 30 Days respectively to effectively accomplish this.
If you have set the Time Period Type and Time Period Length Inputs so that the Moving Average calculation is across a large number of bars in the chart and there is a large number of bars loaded into the chart based upon the current Chart Settings, then the study can take an extended time to do the initial calculations and the program user interface will be frozen during this time. Therefore, it is necessary to be careful with these Input settings in order to not put too much of a processing burden on the program.
- Time Period Type: This Input specifies the time period type. It can be either Days, Minutes, or Bars. When set to Bars, then this means the number of bars set by the Time Period Length will be used in the calculation.
When this Input is set to Days, the Time Period Length specifies the number of Trading days the calculation is performed over. Trading days are determined using the Session Times. For example, if Time Period Length is set to 2, then the prior trading day as determined by the Session Times, and all of the current trading day is included in the calculation. Therefore, it is not in this case a 2 day trailing calculation going back 48 hours from the current Date-Time.
- Time Period Length: This Input specifies the number of Days, Minutes or Bars depending upon whether Time Period Type is set to Days, Minutes or Bars.
- Exclude Weekends in Day Count: When this Input is set to Yes, Saturday and Sundays are skipped when determining how many days back to include in the calculation according to the Time Period Length Input.
- Use Fixed Offset Instead of Std. Deviation: .
- Band 1 Std. Deviation Multiplier/Fixed Offset: .
- Band 2 Std. Deviation Multiplier/Fixed Offset: .
- Band 3 Std. Deviation Multiplier/Fixed Offset: .
- Band 4 Std. Deviation Multiplier/Fixed Offset: .
*Last modified Friday, 09th June, 2017.