Re: [EquisMetaStock Group] STA Meeting

["rsb_44" <rsb_44@xxxxxxxxxxx>]

The trend strength indicator is:

>>Divide Bollinger Band Width and ADX independently by their 200 day moving averages and take an average of the two results.<<

Using ADX Raw (see Roy's msg 25164 for cut and paste) and having an abundance of parens I think the code is:

Bbot:=BBandBot(C,20,S,2);
Btop:=BBandTop(C,20,S,2);
Bsprd:=Btop-Bbot;
Bavg:=Mov(Bsprd,200,S);
ADXavg:=Mov(Fml("ADX Raw"),200,S);

TSI:=((Bsprd/Bavg)+(Fml("ADX Raw")/ADXavg))/2;
TSI;

You may want to add .5, 1 1.5 as horizontal lines since these seem to be points of interest. See slide 24

It appears that like ADX the indicator is for trend STRENGTH not direction.



--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Lionel,
> 
> A very good friend passed me a copy.
> 
> I have uploaded it into the files section for you.
> 
> Its under STA Meeting May 2009.
> 
> Preston
> 
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@> wrote:
> >
> > I went to this address. I could not find any download options, there was an
> > upload option.
> > 
> >  
> > 
> > Can you give me a few more instructions to download this file?
> > 
> >  
> > 
> > Thanks,
> > 
> >  
> > 
> > Lionel
> > 
> >  
> > 
> >  
> > 
> > From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
> > On Behalf Of Alex Spiroglou
> > Sent: Wednesday, May 13, 2009 8:39 AM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] STA Meeting
> > 
> >  
> > 
> > 
> > 
> > 
> > 
> > 
> > I have uploaded yesterday's presentation on Trend Strength
> > http://www.filedropper.com/sta2009
> > Click on "Download this file"
> > 
> > 
> > 
> >  
> > 
> > 
> > 
> > 
> > -- 
> > Alex Spiroglou
> >
>




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