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• Sidebar: VOMOMA by Stephen Bisse

  ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:3 (38-41): Sidebar: VOMOMA by Stephen Bisse Simple moving averages (SMA) are great tools for filtering out noise from time series, but all they can do is show where a time series has been. The only way in which a moving average can point the way to future market direction is if additional, leading information is included in the calculation. The idea behind VOMOMA is that both the magnitude of moves between datapoints and the volume are leading indicators of the market direction. To calculate VOMOMA, the first step is to calculate a MOMA. Adjust each datapoint in th...

AUTHOR: Stephen BisseDATE: MAR 2005SUBJECT: Sidebar

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• Adding Volume To The Move-Adjusted Moving Average by Stephen Bisse

  ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:3 (38-41): Adding Volume To The Move-Adjusted Moving Average by Stephen Bisse In this second article of the series, we look at how adding volume can help identify large moves in one direction. In "Visiting MOMA," my previous Technical Analysis of STOCKS & COMMODITIES article, a simple moving average (SMA) was adjusted by the relative magnitude of the change between closes to create a move-adjusted moving average (MOMA). The reasoning behind this adjustment was that moving averages on their own can, by definition, never say anything about the future direction of a t...

AUTHOR: Stephen BisseDATE: MAR 2005SUBJECT: New Techniques