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Among other questions to Steve Karnish, Dan Harels asked:
> Have you tried to apply any of the
> candle code indicators that have appeared in the last couple of issues of
> TASC?
Hasn't anyone else noticed that so-called CandleCode is
indistinguishable from a simple oscillator? Compare it with
Mov(C,3,E) - Mov(C,10,E). If that isn't clear enough, set them up
in Percent B format (as suggested in the recent CandleCode article),
and see where they cross, say, the 70 and 30 levels.
I can't decide whether the author did this deliberately, or just
found a particularly complicated way to re-invent the wheel.
Owen Davies
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