Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: Sean W. Smith who wrote (1562)	2/7/1998 1:40:00 PM
From: Chandler H. Everett	Read Replies (1) of 4056

To Sean and John......I've played around with the formulas you've been discussing and find the following interesting results: Fml("4SMA") = Mov(C,4,S) Fml("4SD") = Sqrt(Var(C,4)) Fml("4") = Fml( "4SMA" ) - Fml( "4SD" ) Fml("44") = Fml( "4SMA" ) + 1.5*(Fml( "4SD" )) Fml("4") and Fml("44") become tight bands around price. I put the multiplier in Fml("44") because the SMA is trailing (Richard Estes believes that the top band of any band set should have a higher variance). What seems to occur is that when the closing price moves in a day either above the upper band in a Down trend, or below the lower band in an Up trend, THE TREND CHANGES. These trends may well be very short or very long, but you guys may have come up with a great way to set Stops. See what you think. BW Chan

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