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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Wayners who wrote (1301)	6/7/1997 2:17:00 PM
From: Claud B	of 3325

Wayne, I don't know if you use Metastock version 6.0. If you do, you might try the following formula to create a new indicator. It's called the 21-Period Regression Slope and it oscillates above and below zero. It has helped me to determine the direction most likely to occur after a stock spends some time in tight bands. One of the rules I use is to never be long when this indicator is below zero. The opposite is of course true when it is above zero. Here's the formula for MS. (((Sum(Cum(1)C,21))-(Sum(Cum(1),21)Sum(C,21)/21))/ ((Sum(Power(Cum(1),2),21))-(Power(Sum(Cum(1),21),2)/21))) Claud

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