Free Stock Screener. Zignals. ACI stock analysis | stock charts | support and resistance. ClearStation : Welcome to ClearStation! Turtle Trading. Motivated by e-mail from Mario R. Though it's meant to be applied to commodities trading, in things like coffee, cocoa, eurodollars, gold, silver, oil etc., we'll just talk about plain vanilla stocks. >So what is this system? Uh, yes, it goes like this: >Why an exponential average ... and why some True Range thing? >Okay! Suppose that a 1 point change in the asset generates a change of $D in the contract. Okay, now suppose you have $1M to invest.
>That's confusing! Suppose you have $1,000,000 to invest in heating oil futures. >Where's the spreadsheet.Patience. We started with the True Range of prices per share (or per futures contract). >Sounds good to me.Yeah, well I'm still thinking. In examples I've found, they're talking about commodities. >I think you're confused.Hmmm ... yes. Okay, here's my spreadsheet ... so far. Following the "typical" Turtle System, we take the m-day EMA using the magic formula: N(today) =(1 - 1/m) N(yesterday)+ (1/m)TR(today) . >Is that 57.55 shares ... or what?