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Hi Claud,
The "HiLo" is basically a 3 day simple moving average of the High or Low.
If prices are trending up, the the HiLo will follow the trend with a 3
period
average of the Low prices, the activator will change when the price closes
below
the previous bar's value of the "HiLo" and then start a 3 period average of
the
high's........until a bar closes above the previous bar's value of the HiLo.
I have not experimented with different values ( 3 days is what Krausz used
in
all of his articles), but this doesn't mean that there is not a better
parameter or
method to use this. Please realize that this is all still under development
(and
testing) and I would GREATLY appreciate any comments, thoughts and even
criticism, that this group could return. I do believe that this method could
be used
as a BASIC trading system, but let me share my motives for posting this to
our
group......In a small way, I just want to return some of the favors that
others have
shown me, but more than this I want to learn from you "fellow traders"! If
you find
a method ar a change that seems to improve this stuff...please share it with
us.
I will post an example (with charts) of how I am currently using some of
this.
As for stocks, perhaps some else could help with this? I do follow the S&P
500
because of a 401k account.......but most of my experience is with
commodities.
Did I answer your question?
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxxxxx
---------------------------------------
-----Original Message-----
From: ClaudB@xxxxxxx <ClaudB@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, March 07, 1999 12:51 PM
Subject: Re: Gann Swing charts
>Hello Adam,
>
>Thank you very much for your instructive post. I do have one question.
>In your S&P chart example, what parameters did you use in the Hi-Lo
>Activator for reversals?
>
>Also, with stocks, do you arrive at the best parameters through trial and
>error
>or is there a good default one to use?
>
>Thanks again.
>
>Claud
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