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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (1483)	6/13/1997 2:32:00 AM
From: Bruce A. Bowman	of 3325

Good job. And I now see my error in counting "( )", so the .001 now makes sense as protection against division by zero. I also now finally recognize the formula as a form of stochastic. All missed because I didn't count parentheses correctly. Bummer. So now we've got something that measures change in the ratio of (Bbands):(the underlying MA) today vs. historical highs/lows. It's both clever and it makes sense. I wonder if it's susceptible to the same false signals of the conventional price stochastic which isn't to be trusted for signals against the trend... is that one of the reasons why the confirmer is needed? Bruce

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