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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Rob Kipp who wrote (1321)6/8/1997 10:30:00 PM
From: TechTrader42   of 3325
 
Here's a WOW formula for BradCCI, working from Bill Sandusky's TradeStation(SuperCharts) setup:

Plot 1: (((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28))
Plot 2: Std(((h+l+c)/3),28)

I hope I've faithfully followed his setup. It does work in WOW. For anyone who doesn't know what I'm talking about, go to Plots/Indicators and create a new indicator called BradCCI. Paste in (((h+l+c)/3)-mov(c,28,s))/(.015*Std(c,28)) and then hit Add Formula. Then go back and paste in Std(((h+l+c)/3),28) and hit Add Formula again. You get two plots this way.

Bill's setup is:

BRADCCI


xt: (H+L+C)/3

axt: average(close,28) (uses simple moving average)

md: stddev(close,28)

Inputs are: xt, axt and md

Plot Name Formula

Plot1 (xt-axt)/.015*md

Plot2 stddev((H+L+C)/3,28)


Anyone: Please let me know if there are any errors in my translation.
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