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"anatop" <anatop@xxxxxxxxxxx> writes:
>Here is squat for what ever it is worth.
>
>{Paintbar: Squat}
>Condition1 = Ticks[0] > Ticks[1] and MFI(Ticks)[0] < MFI(Ticks)[1];
Um... close, but it's actually: ...and MFI[0] > MFI[1].
That is, increasing volume AND increasing MFI.
Ol' Bill claims to have invented the concept of MFI, but others
have pointed out that the concept, in inverse form mathematically
was really invented long ago by someone else (can't remember who).
Still, the squat as an indicator that often occurs near turning
points (what Bill opportunistically calls "fractals") does seem to
have some value, with enough other stuff around it, and I did first
hear about the idea from Bill Williams at a TAG lecture.
As far as I can tell, that's the sum total of what Bill has to offer.
There have been some absolutely scathing reviews of his $5K "course"
here on this list. Having studied a bit of real chaos/fractal theory,
I think I can say that Bill's offerings have absolutely nothing to
do with that branch of mathematics. Just popular buzzwords at the time.
Jim
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