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... which is the same as:
Max(H-Ref(H,-1),Ref(L,-1)-L)
Also check out more of Dr Elder's MetaStock indicators from
http://www.metastocktools.com :
AutoEnvelope
Dr Alexander Elder's AutoEnvelope interpretation, with system signals;
Force Index
Dr Elder's Force Index, with original, normalized & momentum output
choice;
Impulse
Dr Elder's Impulse system interpretation;
Kangaroo tails
Dr Elder's Kangaroo tail Long/Short signals;
SafeZone
Dr Elder's SafeZone Long/Short trailing stop & signals.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Eduardo Gontan Pulgarin
<con051204@xxx> wrote:
>
> Hi Tuly,
>
> Is this what you want?
> ------------------
> Market Thermometer
> ------------------
> If((H<Ref(H,-1) AND L>Ref(L,-1)), 0,
> If(((H - Ref(H,-1)) > (Ref(L,-1) - L)),
> H - Ref(H,-1), Ref(L,-1) - L))
>
> I'm not sure what it is supposed to do, I copied the formula from
> Dr. Elder book.
> Hope it helps.
>
> Eduardo
>
>
>
> tulyseal <tulyseal@xxx> wrote:
> Hello Everybody,
>
> Can somebody provide me the "Market Thermometer" indicator of
> Dr.Alexander Elder? Thank you.
>
> Tuly
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