DayMA: A Moving Average Period Based on Bars in the Current Day
Summary
DayMA is a moving-average indicator whose period is set automatically from the number of bars in the current day. It is presented for use in intraday trading and is available across chart timeframes from one minute through daily. The description notes that the indicator may take time to calculate when first started.
The document gives no formula, performance evidence, parameter behavior, or rules for entering and exiting trades. It does not explain how the automatically determined period changes across timeframes or sessions, so traders would need to inspect the implementation before relying on its calculation. The recommendation is limited to using the indicator as an aid to intraday decisions; it does not establish that the indicator predicts prices or improves trading results.
Key ideas
- DayMA automatically sets its moving-average period using the number of bars in the current day.
- The indicator is presented for intraday decision support.
- It supports chart timeframes from one minute through daily.
- The first calculation may take some time.
- The description provides no trading rules or evidence of performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.