PureLinks - Finance Banners.
Hello Carlos,
If you go to Google and search for "Chande Trend Index" then click on
'translate this page' on the very first hit, you will find a formula there.
Here is my effort at creating the Metastock code from the formula on that page:
Lookback:= Input("Lookback",1,100,21);
LL:= Log(C/(Ref(C,-1)));
XX:= LL / Lookback;
SD:= Stdev((((LL-XX)*(LL-XX))/Lookback),Lookback);
Log(C/Ref(C,-Lookback)) / (SD*Sqr(Lookback))
Needless to say, the plot bears no relation to the illustration on the site.
Good luck!
Regards,
Kevin
At 16:25 04/11/2003 -0800, you wrote:
>
>Hi Kevin,
>
>If you send me the CTI formula I may give it a go and
>help you with the MetaStock code.
>
>I had been looking with a Goggle search, but
>couldn't't found any explanation really.
>
>Carlos.
>=
>
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