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Consider using 'r-squared' with regression slope; "r" indicating the
strength of the trend, sans noise, and the slope to indicate the direction
of the trend.
Al Taglavore
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> From: Sean Taylor <sean.taylor@xxxxxxxx>
> To: Metastock List <metastock@xxxxxxxxxxxxx>
> Subject: Trendiness or Congestion measurement
> Date: Friday, February 02, 2001 9:09 AM
>
> I've recently re-discovered the quality of the User manual. The
> interpretations of various indicators offer useful advise.
> Take the Stochastic. I'm looking to use Overbought/Oversold indicators.
> The manual recommends that these work best in non-trending markets and
that
> 'r-squared', CMO and VHF might be used to determine this.
> I tried r-squared (RSquared(C, 14) <0.27) which improved the system
results
> significantly. But it does seem to traverse extremes very readily and
give
> false signals.
>
> Are there some favorites out there for indicating congestion or
trendiness
> and their strength ?
>
> Thanks,
> Sean
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