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Roy Larsen explained:
> The "Williams Buy Stop" indicator is a breakout entry signal based on the
work of Bill Williams I
> believe his book is called "New Dimensions in Trading". I didn't create
the indicator and don't have
> permission to pass it on, but the concept is to enter long once a the
price breaks above a previous
> high that is straddled by two lower highs on each side.
Sounds indistinguishable from a Ross Hook, unless there's more to it.
Then again, how often is anything really new in this business, except the
name the promoter sticks on it?
Owen Davies
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