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The PLdot is a 3 bar average of what MetaStock calls the "Typical Price".
The Typical price is simply the days (High+Low+Close) /3,
So it could be written As Follows
Sum(Ref(Typical(),-1),3),3)
Do I use it? Yes.
Adam Hefner
----- Original Message -----
From: "Hengy" <hengy@xxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, June 18, 2001 8:49 PM
Subject: PLdot
> Has anyone heard of the PLdot? It is the average of the high, low and
close
> for the past three bars. This is what I've come up with.
>
> ((H+L+C)/3)+((HHVBars(H,2)+ LLVBars(L,2)+(CLOSE -2))/3)+((HHVBars(H,3)+
> LLVBars(L,3) +(CLOSE,-3))/3)/3. Has anyone tried setting it up or using
it?
>
>
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