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Maybe its the average amount you lose before you sell.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Elliot Glass" <e.glass@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 05, 2001 1:32 PM
Subject: Meaning of Average Drawdown
>
>
> An article on volatility measures in TASC refers to average drawdown.
>
> Now I think I know what an equity curve is, which shows the low point
> (or drawdown) over time.
>
> But what is average drawdown?
>
> Elliot Glass
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