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PureBytes Links
Trading Reference Links
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Preston,
Thanks for your insight regarding normalization and the website.
Don't know it has been posted before. The following link has some MS
code:
http://www.guppytraders.com/Metastock%20Formulas/formula%20index.htm
John,
Thanks for your formula. I am able to duplicate the exact waveform
shown on bigtrends web site using your code.
My initial trail indicates
1. It is a leading indicator for price direction.
2. It is not a reliable indicator or I haven't found a good use of
it.
Based on Price's 30/90 rule. It doesn't work well by its own.
Just like other typical indicators, it has lots faked break-out
at 30 and faked break-down at 90.
Run couple backtests on various stock/index with different
setting and results are very poor.
3. Need to use with others together. (will look into how)
Thanks again for all you guys comments.
Regards,
CD
-----Original Message-----
From: john gibb [mailto:jgibb1@xxxxxxxxxxxxx]
Sent: Saturday, July 26, 2003 4:00 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Momentum Divergence Indicator
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Price was kind enough to send me the code in the attached.
I have not succesfully traded it yet, but it looks very interesting,
although, for me, difficult to interpret.
I would love to hear how your trial goes with it...i am also about
to test
his Acceleration and Bollinger Bands 'system'.
-john
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