Sorry -- that was Paul Beattie's note you're referring to. He offered a substitute for the proprietary RedLine Indicator that can be used with WOW.
Here's what he posted:
Mov( 1-Div(HHV(C,34)-C,(HHV(C,34)- LLV(C,34))),34,E) * 10+
Mov( 1-Div(HHV(C,13)-C,(HHV(C,13)- LLV(C,13))),13,E) * 15 +
Mov( 1-Div(HHV(C,8)-C,(HHV(C,8)- LLV(C,8))),8,E) * 25 +
Mov( 1-Div(HHV(C,5)-C,(HHV(C,5)- LLV(C,5))),5,E) * 50
It does work in WOW, and they do appear to give similar plots. Compare Bill's RedLine and Paul's proxy for T, for example. You can see Bill's at:
members.aol.com
As for the proxy, you can create a new indicator in WOW with that formula. |
