RE: Bressert cycle indicators

["Bill Irwin" <Bill-Irwin@xxxxxxxx>]

<SPAN 
class=450355900-28012001>Thanks for the code Charles.  For those of us new 
to TA, could you explain what this indicator is showing and why you like 
it?  I've implemented it as:
<SPAN 
class=450355900-28012001> 
<SPAN 
class=450355900-28012001>{double smoothed stochastic 10 period}{demominators 
defined to eliminate divide by zero errors}
 
<SPAN 
class=450355900-28012001>Period:= 10;denom1:= 
If(HHV(H,Period)-LLV(L,Period)>0,         

<SPAN 
class=450355900-28012001>    HHV(H,Period)-LLV(L,Period), 
1);P1:= Mov(((C-LLV(L,Period))/ denom1)*100,3,E);denom2 := 
If(HHV(P1,Period)-LLV(P1,Period)>0,     

<SPAN 
class=450355900-28012001>    HHV(P1,Period)-LLV(P1,Period), 
1);Mov(((P1-LLV(P1,Period))/denom2)*100,3,E)
<BLOCKQUOTE 
style="BORDER-LEFT: #008000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">
  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of Charles WarrenSent: Saturday, January 27, 2001 12:22 
  PMTo: metastock@xxxxxxxxxxxxxSubject: Bressert cycle 
  indicators
  I saw that some were interested in the Bressert 
  cycle indicators for use in Metastock.  Here is my impelmentation of the 
  cycle 10 indicator; I have been using it for more than one year as part of 
  explorations.  If you want the cycle 5, just substitute 5 for the 10 in 
  the formulas.
   
  Good luck  I find these cycle indicators 
  helpful.
   
  The below should be installed as a custom 
  indicator.  It can then be used on charts and called for in 
  explorations.
   
  {double smoothed stochastic 10 
  period}{demominators defined to eliminate divide by zero 
  errors}
   
  denom1:= If(HHV(H,10)-LLV(L,10)>0, 
  HHV(H,10)-LLV(L,10), 1);
   
  P1:= Mov(((C-LLV(L,10))/ 
  denom1)*100,3,E);
   
  denom2 := If(HHV(P1,10)-LLV(P1,10)>0, 
  HHV(P1,10)-LLV(P1,10), 1);
   
  <FONT face=Arial 
size=2>Mov(((P1-LLV(P1,10))/denom2)*100,3,E)