Double-Smoothed Momenta by William Blau
ARTICLE SYNOPSIS ...Double-Smoothed Momenta
by William Blau
The prices of stocks and commodities are usually plotted as bar graphs. In a bar graph, each bar
represents a certain time interval, be it an intraday, daily or weekly bar. The last price in each time
interval is designated as the close. For certain markets, the daily close is actually a price determined from
the period that makes up the closing range.
The close, or settlement price (the price at which all outstanding positions in a stock or commodity are
marked to market), could be considered the most important piece of trading data. One reason is tha...