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The PLdot is one of the many tools that Charles Drummond (Drummond
Geometry) teaches. It is beyond the scope of my time on this forum to
properly
explain its usage. I have attached a MetaStock chart showing how the PLdot
can
be used to determine if a market is trending or in congestion....but it has
other uses
also.
Adam Hefner
----- Original Message -----
From: "Dan" <dcash@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, June 18, 2001 11:38 PM
Subject: Re: PLdot
> What do you look for with it?
>
> Dan
>
> Adam Hefner wrote:
>
> > 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?
> > >
> > >
>
>
Attachment:
Description: "P&L.jpg"
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