ARTICLE SYNOPSIS ...Bezier Curves: No Tool For Trading by Donald R. Lambert Once upon a time, long, long ago, when the dates all ended in ""B.C."" (which, as we all know, stands for ""before computers""), draftsmen were often faced with a problem. The head draftsman would tell his assistant to draw a smooth curve that passed through a series of given points. The assistant would get out a long thin sheet of metal called a ""spline,"" fasten it to his drafting board so that it passed through the desired points and draw the required line. This method was grand for producing plans, but when it came time to convert ...
ARTICLE SYNOPSIS ...Exponentially Smoothed Moving Averages by Donald R. Lambert If you were to do a survey of all the many trading systems that are in common usage, it is very likely that two calculation methods would be found to be leading the pack by a great margin. They are simple moving averages (SMA) and exponentially smoothed moving averages (ESMA). Most texts involving ESMA's are sprinkled with phrases describing the choice of a particular smoothing factor as being equivalent to a certain number of days' SMA, or weighted moving average (WMA). Aside from differences due to there being two schools of thou...