The EightMonthAvg strategy compares monthly price with its average of specified type and length. It adds a BUY_AUTO order at the last bar of the month if the average crosses below the price; SELL_AUTO order if it crosses above.
As was proposed by strategy's author Brooke Gardner, it should use an 8 month Simple Moving Average with monthly Close.
||The price used in calculation.|
||The length of the moving average, in months.|
||The type of average used in calculations.|
1. "Trading High-Yield Bonds Using ETFs" by Brooke Gardner. Technical Analysis of Stocks & Commodities, June 2012.