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Hi Rts,
<P>I am doing a little study on the P&F, and very much interested to
figure out the best way to calculate the <B><U>box size</U></B> for any
individual commodity contracts. Currently, I am using the Metastock
6.0, and use its default setting. It works fine, but I would like to know
if anyone who is an experienced P&F chartist can give me any recommendations.
<P>Many thanks in advance!
<P>Frank</HTML>
</x-html>From ???@??? Wed Jul 09 20:07:48 1997
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Date: Thu, 10 Jul 1997 12:38:31 +1000
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From: "David Hunt" <adest@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: GEN Williams True Trend
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Clyde,
Thank you very much for the ela code for Williams true Trend. Is it
possible to actually send RTers the ela file itself?
Thanks
David Hunt
----------
> From: Clyde Lee <clydelee@xxxxxxx>
> To: ageitaly@xxxxxx
> Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: GEN Williams True Trend
> Date: Thursday, 10 July 1997 6:32
>
> The following EL code will do what GAE remembers from seminar.
>
> Nothing original here except you can smooth the results.
>
>
> { *******************************************************************
>
> Study : LWTrueTrend
>
> Last Edit : July 9, 1997
>
> Gaetano A. Evangelista says:
>
> my source is a Telerate 1995 workshop, where Williams stated: "when a
> dollar
> is not (always) a dollar". Basically, a market which shows the following
>
> quotes:
> H=60, L=52, C=58, C[1]=57 being the previous close, is a different
> market
> than that following these stats:
> H=63, L=57, C=58, C[1]=57 even if the close is the same.
> Shortly, Mr Williams divides the net change for the day (1$) by the
> true range, then adding the result to a cumulative sum. The True Trend
> Index is a kind of accumulation/distribution indicator, with all kind
> of classical interpretation (divergences, trendlines, etc.)
>
> Provided By : FuturesMagic - Clyde Lee - (c) Copyright 1997
>
> ********************************************************************}
>
> Inputs: Smooth(NumericSimple) ; {# days for XAverage of function}
>
> Vars: LWTT(0),LWTTS(0),Salpha(0),Sbeta(0),Init(0);
>
> If Init=0 then begin
> Salpha=2/(1+Smooth);
> Sbeta=1-Salpha;
> Init=1;
> End;
>
>
> Value3=TrueRange;
> Value4=Close[0]-Close[1];
>
> If Value3<.0000010*Close then
> Value4=0
> Else
> Value4=Value4/Value3;
>
> LWTT=LWTT[1]+Value4;
> LWTTS=LWTTS[1]*Sbeta+LWTT*Salpha;
>
> If Smooth<>0 then
> LWTrueTrend = LWTTS
> Else
> LWTrueTrend = LWTT;
>
>
>
>
>
> Gaetano A. Evangelista wrote:
>
> > >Could someone describe the Williams True Trend Indicator.
> > >Even possibly supply it in Omega ELA format.
> >
> > Chris,
> > my source is a Telerate 1995 workshop, where Williams stated: "when a
> > dollar
> > is not (always) a dollar". Basically, a market which shows the
> > following quotes:
> > H=60, L=52, C=58, being 57 the previous close, is a different market
> > than that
> > following these stats: H=63 L=57, C=58, even if the close is the same.
> >
> > Shortly, Mr Williams divides the net change for the day (1$) by the
> > true range,
> > then adding the result to a cumulative sum. The True Trend Index is a
> > kind
> > of accumulation/distribution indicator, with all kind of classical
> > interpretation (divergences, trendlines, etc.)
> >
> > Sorry, don't know easy language...
> >
> > ciao
> >
> > %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
> > Gaetano Arnaldo Evangelista - BARI (Italy)
> > E-mail: ageitaly@xxxxxx
> > URL: http://www.geocities.com/wallstreet/8492
> > %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
>
>
>
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