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Strategies & Market Trends : today's chart
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To: TechTrader42 who wrote (412)8/14/1997 7:40:00 PM
From: Bill Sandusky   of 1267
 
Thanks Brooke... guess we've beat this one to death. <g> The AvgPrice overlay is an "accidental" indicator combination resulting from the many discussions surrounding whether parentheses should be part of the denominator in what originally was called the BradCCI system. Seems parentheses were a part of the original CCI formula on which this system was based. Thought the best way to look at the differences would be to overlay them. Just for fun, I added a third indicator by simply removing the denominator. Was very surprised to see price action at points where all three indicators converged. As a result of these observations, I changed the BNS componets so that AvgPrice1 replaced AvgPrice in the BNS system. Further, I've added the Ultimate Oscillator to the AvgPrice overlay.

Correct placement of parentheses are essential in obtaining desired results. A quick comparison of the differences between the AvgPrice indicators should make clear this point.

Good trading,
Bill
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