Richard........thanks for the comeback........here's something else to chew on, although I probably should have posted this in the Beginners thread.....I'll try to show what I'm doing next NM....but....
I have discovered that the TSF (C,13) rides the edges of 21,2,2 Bollinger Bands fairly tightly, and TSF(C,21) rides the edges of 21,1.62,1.62 just as tightly. I created a formula that averages each TSF working within its related bands, as follows.......
Fml ("BBTSF") =
(((TSF(C,13)+2*Std(C,21)-Mov(C,21,S))/(4*Std(C,21)))*10)-5...and
Fml ("BBSFT") =
(((TSF(C,21)+1.62*Std(C,21)-Mov(C,21,S))/(3.24*Std(C,21)))*10)-5
and then:
Fml ("BBGUN") =
(Fml( "BBSFT" ) + Fml( "BBTSF" ))/2
I then put in spike warning signals as follows:
Fml ("Action") =
If(HHV(Fml("BBGUN"),5)>3.4 AND Fml("BBGUN")<Ref(Fml("BBGUN"),-1) AND Mov(C,3,W)<TSF(C,34),-3,0) +
If(LLV(Fml("BBGUN"),5)<-3.4 AND Fml("BBGUN")>Ref(Fml("BBGUN"),-1) AND
Mov(C,3,W)>TSF(C,34),+3,0)
It comes out quite nice, the signals showing that when the TSF has ridden along a band for a while and then breaks away, a change in direction is coming. It's not foolproof (nothing is), but it may add to the repetoire. BW Chan |
