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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: wolfgangl who wrote (1651)	6/18/1997 8:22:00 PM
From: TechTrader42	of 3325

It's interesting to see the B band system translated to Metastock and transformed with the "if" formula. Did you actually try it? I hope it works, because I've taken the liberty of posting it along with the original WOW formula (and some of the reasoning behind it) at this page: members.aol.com The system is really nothing more than a curiousity (nothing more except perhaps a monstrosity), but it represents a newbies' thoughts on the bands. Perhaps it could lead to some more ideas, though that may have to wait until TAINJ, when other theories on the bands are unveiled. The system has one virtue, in that it appears to eliminate premature B band signals, because it demands a certain synchronicity with StochRSI. But the little nicety of the synchronicity may be asking for too much, so that the system misses a lot of good sell signals.

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